Mackenzie Financial Corp increased its stake in shares of XL Group by 0.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 232,142 shares of the insurance provider's stock valued at $9,253,000 after buying an additional 4,006 shares in the last quarter. Gotham Asset Management LLC bought a new position in shares of XL Group during the first quarter worth approximately $228,000. Finally, Columbia Partners L L C Investment Management purchased a new stake in shares of XL Group during the first quarter valued at approximately $229,000. Macquarie Group Ltd. boosted its stake in shares of XL Group by 8.5% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 43,069 shares of the insurance provider's stock valued at $1,886,000 after buying an additional 32,223 shares during the last quarter. Bank of Montreal Can raised its stake in shares of XL Group by 0.6% in the first quarter. According to the most recently released broker notes, 0 analysts have a rating of "strong buy" on the stock, 0 analysts "buy", 2 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". White Mountains Insurance Group has a one year low of $805.10 and a one year high of $948.94.
XL Group (NYSE XL) traded down 0.07% during trading on Friday, hitting $44.27. Kempner Capital Management Inc. now owns 176,353 shares of the insurance provider's stock worth $7,029,000 after buying an additional 13,785 shares during the last quarter.
The P/E ratio is now 9.40 and the market cap of the company is 3.85B. Shares are trading at $856.75 a tad below the 50 day moving average which is $865.52 and which is marginally under the 200 day moving average of $880.87. The insurance provider reported $2.78 EPS for the quarter, topping the Zacks' consensus estimate of $1.12 by $1.66, MarketWatch Earnings reports. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.78 billion. White Mountains Insurance Group had a net margin of 31.50% and a negative return on equity of 0.27%.
They expect $0.15 EPS, up 40% or $0.06 from last year's $0.09 per share.
Depending on the earnings numbers reported, OneBeacon Insurance Group, Ltd. (NYSE:OB) stock may see increased volatility following the report. Shareholders of record on Friday, September 15th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 14th. The relative volume (ratio between current volume and 3-month average) is presently sitting at 0.19.More news: Burnley friendly abandoned on police advice
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Several large investors have recently made changes to their positions in XL.
A total of 16 brokerages have issued a ratings update on XL Group Ltd. Royal Bank Of Canada lifted their target price on shares of XL Group from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday, April 27th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. They now have a $50.00 target price on the insurance provider's stock, up from their prior target price of $46.00.
Let's also take a brief look at the stock price in relation to some highs/lows and moving averages. Following the completion of the transaction, the insider now directly owns 57,525 shares in the company, valued at $2,422,953. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The stock was sold at an average price of $44.55, for a total value of $135,565.65. The disclosure for this sale can be found here. Insiders sold 183,293 shares of company stock valued at $7,767,012 over the last 90 days. In the last quarter, insiders have sold 64,000 shares of company stock worth $1,169,040.