XL Group Ltd. (XL) Upgraded at BidaskClub

XL Group Ltd

XL Group Ltd

Royal Bank Of Canada boosted their price objective on XL Group from $44.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, April 27th. JPMorgan Chase & Co. now owns 39,060 shares of the insurance provider's stock valued at $34,368,000 after buying an additional 30,256 shares during the last quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WTM. ProShare Advisors LLC raised its stake in shares of White Mountains Insurance Group by 9.5% in the first quarter. Rothschild Asset Management Inc. now owns 580,261 shares of the insurance provider's stock worth $25,416,000 after buying an additional 568,798 shares during the period. Two Sigma Securities LLC bought a new stake in White Mountains Insurance Group during the first quarter worth about $327,000. Municipal Employees Retirement System of MI raised its stake in shares of XL Group by 233.0% in the second quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of XL Group during the fourth quarter worth $231,000. Kwmg LLC raised its stake in shares of XL Group by 7.0% in the second quarter. Quadrature Capital Ltd acquired a new position in shares of XL Group during the fourth quarter worth approximately $824,000. Clinton Group Inc. now owns 2,376 shares of the insurance provider's stock valued at $2,091,000 after buying an additional 1,201 shares during the last quarter. Following the transaction, the chief executive officer now owns 221,527 shares in the company, valued at $4,051,728.83.

As the earnings date approaches, we can see that insider ownership is now 2.40% shares, and institutional ownership is at 73.90% for OneBeacon Insurance Group, Ltd. (NYSE:OB) stock. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 9.41 and a beta of 0.52. XL Group has a 12 month low of $32.81 and a 12 month high of $47.27. The firm's 50-day moving average is $18.23 and its 200-day moving average is $17.01.

XL Group (NYSE:XL) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.08. OneBeacon Insurance Group had a net margin of 7.96% and a return on equity of 6.76%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.78 billion. For the last period, the company reported quarter over quarter EPS growth of -31.10% and quarter over quarter sales growth of -5.80%. On average, equities research analysts expect that XL Group will post $3.26 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: "Cambiar Investors LLC Reduces Stake in XL Group Ltd. (NYSE:XL)" was originally published by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another domain, it was illegally copied and reposted in violation of USA & global copyright & trademark law.

XL has been the topic of a number of other research reports. Finally, Citigroup Inc. boosted their price objective on XL Group from $40.00 to $42.00 and gave the company a "neutral" rating in a research note on Friday, April 7th. BidaskClub raised XL Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of White Mountains Insurance Group from a "sell" rating to a "hold" rating in a report on Thursday, July 20th. Seven investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The company presently has an average rating of "Buy" and an average price target of $44.90. The stock was sold at an average price of $42.12, for a total transaction of $3,582,306.00. After a recent check, company stock has been trading near the $18.21 mark. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider W Myron Hendry sold 85,050 shares of the firm's stock in a transaction on Tuesday, May 23rd.

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