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XL Group (XL) Soars: Stock Adds 12.5% in Session

XL Group Ltd XL was a big mover last session, as the company saw its shares rise more than 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 21.2% in the past one-month time frame.

The stock gained after news that Germany's Allianz SE could be considering the company as a potential target to expand its casualty coverage business in the United States.

The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for XL Group. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

XL Group currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

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XL Group Ltd. Price

XL Group Ltd. Price | XL Group Ltd. Quote

Investors interested in the Insurance - Property and Casualty industry may consider American Financial Group, Inc. AFG, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is XL going up? Or down? Predict to see what others think:Up or Down

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XL Group Ltd. (XL) : Free Stock Analysis Report
 
American Financial Group, Inc. (AFG) : Free Stock Analysis Report
 
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