Market Overview

Morgan Stanley Feels More Positive On XL Group PLC

Related XL
XL Group Announces $1 Billion Share Buyback Program
The Best And Worst Stocks Of The 2008 Crash: What We Learned
Goldman's election-season picks, and pans (Seeking Alpha)

In a report published Tuesday, Morgan Stanley analyst Kai Pan reiterated an Overweight rating and $39.00 price target on XL Group PLC (NYSE: XL).

In the report, Morgan Stanley noted, “We are incrementally more positive on XL's ability to deliver a double-digit ROE following a call with CFO Peter Porrino. Mr. Porrino highlighted the company's progress in recent years, including changes in underwriting teams, greater consistency in capital management, and recent divestiture of Life Re. XL management is very focused on achieving a 10%+ ROE and identifies key drivers as: (1) improving Insurance underwriting profitability, (2) consistent share buybacks, and (3) profitable growth.”

XL Group PLC closed on Monday at $32.73.

Latest Ratings for XL

May 2016Deutsche BankUpgradesSellHold
Apr 2016CitigroupMaintainsNeutral
Mar 2016Goldman SachsDowngradesConviction BuyNeutral

View More Analyst Ratings for XL
View the Latest Analyst Ratings

Posted-In: Kai Pan Morgan StanleyAnalyst Color Reiteration Analyst Ratings


Related Articles (XL)

View Comments and Join the Discussion!