Market Overview

Morgan Stanley Feels More Positive On XL Group PLC

Share:
Related XL
For Non-Life Insurers, It's 'All About M&A Now,' Barclays Proclaims
Chubb Spikes On Ace Deal; This Expert Was Watching The Insurer 24 Hours Early

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

DateFirmActionFromTo
Jun 2015JP MorganUpgradesUnderweightNeutral
May 2015BarclaysReinstatesOverweight
Apr 2015Deutsche BankMaintainsHold

View More Analyst Ratings for XL
View the Latest Analyst Ratings

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

 

Related Articles (XL)

Around the Web, We're Loving...

Get Benzinga's Newsletters