XL Group PLC (XL): Today's Featured Insurance Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole closed the day down 0.2%. By the end of trading, XL Group fell $0.60 (-1.9%) to $31.41 on average volume. Throughout the day, 3,184,293 shares of XL Group exchanged hands as compared to its average daily volume of 2,260,900 shares. The stock ranged in price between $31.04-$32.06 after having opened the day at $31.76 as compared to the previous trading day's close of $32.01. Other companies within the Insurance industry that declined today were:
National Interstate Corporation
(
), down 17.7%,
(
), down 3.6%,
(
), down 3.5% and
(
), down 3.3%.
XL GROUP Public Limited Company, through its subsidiaries, provides insurance and reinsurance coverages to industrial, commercial, and professional firms, as well as insurance companies and other enterprises worldwide. XL Group has a market cap of $9.3 billion and is part of the financial sector. Shares are up 27.7% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate XL Group a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
XL Group
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full XL Group Ratings Report.
On the positive front,
(
), up 8.3%,
(
), up 7.4%,
(
), up 4.5% and
(
), up 3.1% , were all gainers within the insurance industry with
(
) being today's featured insurance industry leader.
- Use our insurance section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider
(
) while those bearish on the insurance industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
null