Cambiar Investors LLC cut its position in XL Group Ltd. (NYSE:XL) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. 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. ProShare Advisors LLC raised its stake in shares of White Mountains Insurance Group by 9.5% in the first quarter. The institutional investor owned 3,948 shares of the insurance provider's stock after buying an additional 2,812 shares during the period. Chicago Capital Management LLC acquired a new position in OneBeacon Insurance Group during the second quarter valued at approximately $492,000. Speece Thorson Capital Group Inc. now owns 17,014 shares of the insurance provider's stock valued at $14,970,000 after buying an additional 451 shares during the period. Municipal Employees Retirement System of MI raised its stake in shares of XL Group by 233.0% in the second quarter. Renaissance Technologies LLC increased its position in OneBeacon Insurance Group by 3.5% in the first quarter. Quadrature Capital Ltd purchased a new stake in shares of XL Group during the fourth quarter worth $824,000. Kentucky Retirement Systems acquired a new position in shares of XL Group during the fourth quarter worth approximately $727,000. 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. The Company operates through two segments: Insurance and Reinsurance. The company has a market capitalization of $11.45 billion, a price-to-earnings ratio of 21.50 and a beta of 1.02. XL Group has a 12 month low of $32.81 and a 12 month high of $47.27. The stock's 50 day moving average price is $865.52 and its 200-day moving average price is $880.87. 143052 shares were traded on OneBeacon Insurance Group, Ltd.'s last session. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. XL Group had a return on equity of 4.88% and a net margin of 7.53%. The firm had revenue of $277.40 million for the quarter, compared to analyst estimates of $293.60 million. During the same quarter in the prior year, the business earned $0.37 EPS. Equities analysts expect that XL Group will post $3.26 earnings per share for the current year.
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XL has been the topic of a number of other research reports. Citigroup Inc. raised their price objective on XL Group from $43.00 to $46.00 and gave the company a "neutral" rating in a research note on Thursday, July 13th. ValuEngine raised shares of White Mountains Insurance Group from a "sell" rating to a "hold" rating in a report on Tuesday, June 6th. BidaskClub raised XL Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, July 12th. Barclays PLC restated an "overweight" rating and issued a $51.00 price objective (up from $46.00) on shares of XL Group in a research note on Monday, July 3rd. Seven investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company.
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Let's also take a brief look at the stock price in relation to some highs/lows and moving averages.
In other news, General Counsel Gould Kirstin Romann sold 75,000 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $42.12, for a total transaction of $3,582,306.00. Following the completion of the sale, the general counsel now directly owns 162,298 shares in the company, valued at approximately $6,907,402.88.