Why Is Hold Strategy Perfect For XL Capital (XL) Stock Now?
Zacks Investment Research | Sep 21, 2017 10:36PM ET
XL Group Limited (NYSE:XL) remains well positioned to grow at the heels of growth strategies, sensible acquisitions and a robust capital position. The Zacks Rank #3 (Hold) property and casualty insurer possesses immense potential, driven by a slew of good growth drivers.
Growth Projections: The Zacks Consensus Estimate for earnings per share is $3.26 for 2017 and $3.94 for 2018. These reflect nearly 100% year-over-year increase for 2017 and 21% for 2018. Revenues for both 2017 and 2018 are expected to inch up about 1.6% and 3.4%, respectively.
The expected long-term earnings growth is pegged at 9%.
Northbound Estimates: The Zacks Consensus Estimate for 2017 has nudged up 1.2% over the last 60 days.
Price Performance: Shares of XL Group have rallied 15.8% in a year, underperforming the .
Atlas Financial Holdings engages in underwriting commercial automobile insurance policies in the United States. The company delivered positive surprises in two of the last four quarters with an average beat of 57.94%
Markel Corporation markets and underwrites specialty insurance products in the United States and internationally. The company delivered positive surprises in two of the last four quarters with an average beat of 21.06%.
Mercury General Corporation engages in writing personal automobile insurance in the United States. The company delivered positive surprises in three of the trailing four quarters with an average beat of 1.06%.
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