XL Group Stock To Go Ex-dividend Tomorrow (XL)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for XL Group (NYSE: XL) is tomorrow, June 12, 2013. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $31.21 as of 9:30 a.m. ET, the dividend yield is 1.8%.

The average volume for XL Group has been 2.3 million shares per day over the past 30 days. XL Group has a market cap of $9.07 billion and is part of the financial sector and insurance industry. Shares are up 25.9% year to date as of the close of trading on Monday.

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. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates XL Group as a buy. 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.

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