What’s XL Group LTD. (NYSE:XL) Upside After This Short Interest Increase?

June 15, 2018 - By Hazel Jackson

XL Group Ltd (NYSE:XL) Logo

Investors sentiment decreased to 0.5 in 2018 Q1. Its down Infinity, from Infinity in 2017Q4. It fall, as 1 investors sold XL Group Ltd shares while 1 reduced holdings. 0 funds opened positions while 1 raised stakes. 39,259 shares or 72.15% less from 140,954 shares in 2017Q4 were reported.
Focused Wealth owns 5,489 shares. Gemmer Asset Limited Liability Corp reported 0.01% stake. Cibc Ww Markets has 0.02% invested in XL Group Ltd (NYSE:XL).

Since February 2, 2018, it had 0 insider buys, and 5 selling transactions for $8.48 million activity. $2.82 million worth of XL Group Ltd (NYSE:XL) was sold by Cross Susan Lee. $800,000 worth of XL Group Ltd (NYSE:XL) was sold by Robb Stephen on Wednesday, February 7. Shares for $2.68 million were sold by Romann Gould Kirstin.

The stock of XL Group LTD. (NYSE:XL) registered an increase of 3.65% in short interest. XL’s total short interest was 6.15 million shares in June as published by FINRA. Its up 3.65% from 5.93M shares, reported previously. With 2.79M shares average volume, it will take short sellers 2 days to cover their XL’s short positions. The short interest to XL Group LTD.’s float is 2.44%.

It closed at $56.2 lastly. It is down 28.32% since June 15, 2017 and is uptrending. It has outperformed by 15.75% the S&P500.

XL Group Ltd, through its subsidiaries, operates as an insurance and reinsurance firm worldwide. The company has market cap of $14.52 billion. The firm operates in two divisions, Insurance and Reinsurance. It currently has negative earnings. The Insurance segment offers casualty programs comprising primary and excess casualty, environmental liability, and excess and surplus lines; energy, property, and construction insurance; professional lines, such as directors??, officers?? liability, errors and omissions, employment practices, crime, fiduciary, technology, and cyber liability coverages; and specialty lines, including the aviation and satellite, marine, fine art and specie, equine, livestock and aquaculture, crisis management, political risk, trade credit and life, and accident and health insurance products.

XL Group Ltd (NYSE:XL) Ratings Coverage

Among 10 analysts covering XL Group (NYSE:XL), 1 have Buy rating, 0 Sell and 9 Hold. Therefore 10% are positive. XL Group had 13 analyst reports since January 10, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Friday, March 2 by Sandler O’Neill. The company was maintained on Friday, February 9 by Citigroup. The firm has “Neutral” rating given on Friday, March 9 by Citigroup. The firm earned “Hold” rating on Monday, April 2 by Barclays Capital. The firm earned “Outperform” rating on Tuesday, May 8 by RBC Capital Markets. The firm earned “Overweight” rating on Tuesday, February 20 by Barclays Capital. The firm earned “Hold” rating on Thursday, March 8 by Keefe Bruyette & Woods. The firm earned “Hold” rating on Thursday, February 8 by Deutsche Bank. On Wednesday, January 10 the stock rating was maintained by Sandler O’Neill with “Hold”. The company was downgraded on Monday, March 12 by JMP Securities.

More recent XL Group Ltd (NYSE:XL) news were published by: Prnewswire.com which released: “XL Group Ltd Shareholders Approve Merger Agreement with AXA” on June 06, 2018. Also Prnewswire.com published the news titled: “XL Catlin Teams Up with TradeTapp to Help Construction Firms Prequalify Subcontractors to Protect Profits and …” on June 14, 2018. Prnewswire.com‘s news article titled: “XL Catlin updates Professional and Pollution Insurance Policy for the Construction and Environmental Services …” with publication date: June 11, 2018 was also an interesting one.

XL Group Ltd (NYSE:XL) Ratings Chart

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