XL Group Ltd. (XL) Declares Quarterly Dividend of $0.22

XL Group Ltd. (NYSE:XL) announced a quarterly dividend on Friday, February 16th, RTT News reports. Investors of record on Thursday, March 15th will be paid a dividend of 0.22 per share by the insurance provider on Monday, April 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.01%.

XL Group has increased its dividend payment by an average of 10.4% per year over the last three years and has increased its dividend every year for the last 5 years. XL Group has a payout ratio of -46.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect XL Group to earn $3.97 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 22.2%.

Shares of XL Group (NYSE XL) opened at $43.80 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.35 and a debt-to-equity ratio of 0.28. XL Group has a 12-month low of $33.77 and a 12-month high of $47.27.

XL Group (NYSE:XL) last issued its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.07. XL Group had a negative return on equity of 4.25% and a negative net margin of 4.95%. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter last year, the business posted $0.47 earnings per share. analysts anticipate that XL Group will post 3.69 EPS for the current year.

XL has been the topic of a number of recent analyst reports. Barclays reiterated a “buy” rating and issued a $42.00 price objective on shares of XL Group in a research report on Tuesday, January 9th. Royal Bank of Canada restated a “buy” rating and set a $46.00 price target on shares of XL Group in a research report on Friday, December 8th. UBS Group raised their price target on XL Group from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, October 30th. TheStreet downgraded XL Group from a “b” rating to a “c” rating in a research report on Tuesday, October 24th. Finally, Zacks Investment Research upgraded XL Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $44.67.

In other news, Director John Kcb Vereker sold 2,697 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $36.59, for a total transaction of $98,683.23. Following the transaction, the director now directly owns 66,455 shares of the company’s stock, valued at $2,431,588.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan Lee Cross sold 20,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $39.00, for a total value of $780,000.00. Following the transaction, the insider now directly owns 58,688 shares in the company, valued at $2,288,832. The disclosure for this sale can be found here. Insiders have sold 112,697 shares of company stock worth $4,493,383 in the last 90 days. Company insiders own 3.02% of the company’s stock.

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XL Group Company Profile

XL Group plc is an insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises. The Company operates through two segments: Insurance and Reinsurance. The Company’s Insurance segment is organized into four product divisions: Global Casualty (Casualty); Global Energy Property, & Construction (EPC); Global Professional (Professional), and Global Specialty (Specialty).

Dividend History for XL Group (NYSE:XL)

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