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RBC Capital analyst Mark Dwelle upgraded XL Group (NYSE: XL) to Buy today. The company’s shares closed yesterday at $55.05, close to its 52-week high of $56.39.
According to TipRanks.com, Dwelle is a 5-star analyst with an average return of 12.7% and a 72.6% success rate. Dwelle covers the Financial sector, focusing on stocks such as Brighthouse Financial Inc, Prudential Financial Inc, and Arch Capital Group Ltd.
XL Group has an analyst consensus of Hold, with a price target consensus of $57.65.
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The company has a one-year high of $56.39 and a one-year low of $33.77. Currently, XL Group has an average volume of 6.11M.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of XL in relation to earlier this year. Most recently, in March 2018, Joseph Mauriello, a Director at XL bought 2,500 shares for a total of $80,700.
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.
