|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||38.26 - 38.80|
|52-week range||35.70 - 47.27|
|PE ratio (TTM)||12.63|
|Earnings date||30 Jan 2018 - 5 Feb 2018|
|Forward dividend & yield||0.88 (2.28%)|
|1y target est||44.86|
We have zoomed in on three bullish stocks to leverage investors' portfolio with a suggestion to avoid XL Group (XL) at present.
We nail down four property and casualty insurers with unfavorable characteristics for investors to steer clear of having in their portfolios ahead of Q3 earnings.
XL Group (XL) not only provides the estimates of losses that it hopes to incur, the insurer is also armed to counter the same.
JPMorgan predicts double-digit percentage increases for U.S. property premiums starting in January 2018.
Shares of insurance and reinsurance companies fell Tuesday after estimates of damage from Hurricane Maria to Puerto Rico rose.
Insurer XL Group Ltd said on Tuesday it would move its European Union insurance company from Britain to Ireland (Other OTC: IRLD - news) in 2018 after Britons voted to leave the bloc last year. Dublin, which is seeking to become a major EU financial centre, has already attracted several insurers planning EU subsidiaries in the event that British financial firms can no longer sell their services across the bloc. Moving XL Insurance Company SE to Ireland means we deliver on that commitment," XL Chief Executive Officer Mike McGavick said in a statement on Tuesday.
Barclays research is predicting that Hurricane Irma's insured damage in Florida could top that inflicted by Hurricane Katrina in 2005.