Market Overview

UPDATE: Stifel Nicolaus Raises PT to $30 on XL Group on Core Underwriting Beat

Share:
Related XL
Earnings Scheduled For February 2, 2015
Benzinga's Top Upgrades

Stifel Nicolaus reiterated its Buy rating on XL Group (NYSE: XL) and increased its price target from $28 to $30.

Stifel Nicolaus noted, "XL's 3Q12 operating EPS of $0.61 beat the Street's $0.49 and our $0.51 estimates, reflecting a better-than-expected core loss ratio, lower-than-expected CAT losses, and a better-than-expected tax rate. … Much of the 3Q12 beat reflected core loss ratio improvement as XL's underwriting actions bear fruit, while 2.5 points of favorable PPRD trailed our 3.3 point estimate."

XL Group closed at $24.22 on Monday.

Latest Ratings for XL

DateFirmActionFromTo
Feb 2015CitigroupMaintainsNeutral
Feb 2015CitigroupUpgradesSellNeutral
Feb 2015Deutsche BankMaintainsHold

View More Analyst Ratings for XL
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (XL)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga PRO content