XL Group Gets a Buy Rating from RBC Capital

By Jason Carr

In a report released yesterday, Mark Dwelle from RBC Capital reiterated a Buy rating on XL Group (NYSE: XL), with a price target of $53. The company’s shares closed yesterday at $41.85.

According to TipRanks.com, Dwelle is a 5-star analyst with an average return of 12.2% and a 74.7% success rate. Dwelle covers the Financial sector, focusing on stocks such as American Equity Investment Life, American International Group, and Marsh & Mclennan Companies.

Currently, the analyst consensus on XL Group is Strong Buy and the average price target is $51.50, representing a 23.1% upside.

In a report issued on August 17, KBW also reiterated a Buy rating on the stock with a $50 price target.

The company has a one year high of $47.27 and a one year low of $32.81. Currently, XL Group has an average volume of 1.46M.

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2017, Gould Kirstin Romann, the GC & Secretary of XL bought 2,710 shares for a total of $99,999.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

XL Group Ltd. is a holding company, which engages in the provision of general insurance services. The company operates in two segments: Insurance and Reinsurance. The Insurance segment provides commercial property, casualty and specialty insurance products on a global basis.