Shares of XL Capital Partners Co. (NYSE:XL) have earned an average recommendation of “Hold” from the eighteen analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $48.16.
A number of analysts have recently commented on XL shares. Deutsche Bank raised shares of XL Capital Partners from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Citigroup boosted their target price on shares of XL Capital Partners from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Zacks Investment Research raised shares of XL Capital Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th. Barclays reissued an “overweight” rating and set a $50.00 target price (up from $42.00) on shares of XL Capital Partners in a research report on Tuesday, February 20th. Finally, TheStreet raised shares of XL Capital Partners from a “c+” rating to a “b-” rating in a research report on Monday, February 26th.
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XL Capital Partners traded up $0.13, reaching $55.46, on Friday, according to Marketbeat Ratings. The stock had a trading volume of 1,541,769 shares, compared to its average volume of 2,842,074. XL Capital Partners has a fifty-two week low of $33.77 and a fifty-two week high of $56.39. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.29. The stock has a market cap of $14.32 billion, a PE ratio of -27.59, a PEG ratio of 1.68 and a beta of 0.48.
XL Capital Partners (NYSE:XL) last issued its quarterly earnings results on Wednesday, May 2nd. The insurance provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.15). The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.87 billion. XL Capital Partners had a negative net margin of 4.92% and a negative return on equity of 3.75%. During the same period in the previous year, the company posted $0.50 EPS. equities research analysts expect that XL Capital Partners will post 3.66 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 15th will be issued a $0.22 dividend. The ex-dividend date is Thursday, June 14th. This represents a $0.88 annualized dividend and a yield of 1.59%. XL Capital Partners’s dividend payout ratio is presently -43.78%.
In related news, General Counsel Gould Kirstin Romann sold 62,290 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.09, for a total value of $2,684,076.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.02% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB lifted its holdings in shares of XL Capital Partners by 6.1% in the first quarter. Xact Kapitalforvaltning AB now owns 42,510 shares of the insurance provider’s stock valued at $2,349,000 after purchasing an additional 2,459 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in XL Capital Partners during the first quarter valued at $15,050,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in XL Capital Partners during the first quarter valued at $18,034,000. Gabelli Funds LLC acquired a new position in XL Capital Partners during the first quarter valued at $45,402,000. Finally, Aperio Group LLC lifted its position in XL Capital Partners by 11.0% during the first quarter. Aperio Group LLC now owns 166,035 shares of the insurance provider’s stock valued at $9,175,000 after purchasing an additional 16,455 shares during the period. 96.68% of the stock is currently owned by hedge funds and other institutional investors.
About XL Capital Partners
XL Group Ltd, through its subsidiaries, operates as an insurance and reinsurance company worldwide. The company's Insurance segment offers primary and excess casualty, environmental liability, professional liability, property, excess and surplus lines, U.S. program/facilities, and construction business products.