Gregory Hendrick, XL Group Ltd (XL)’s insider Sold 35,000 Shares; Marco Investment Management Has Raised Its Medtronic Plc (MDT) Stake

February 10, 2018 - By Shannon Black

Xl Group Ltd President – P&C Gregory Hendrick on the 09/02/2018 unloaded a total of 35,000 shares of the company at an approximate value of $1,400,000 U.S. Dollars. This is based on an average price-per-share of $40.0 U.S. Dollars. Gregory Hendrick now owns 140,968 shares which are exactly 0.06% of the Ireland-Company’s total market cap. This large deal occurred on 09/02/2018 and was submitted with the Washington-based Security and Exchange Commission. The legal report is available for free here.

Marco Investment Management Llc increased Medtronic Plc (MDT) stake by 42.23% reported in 2017Q3 SEC filing. Marco Investment Management Llc acquired 53,611 shares as Medtronic Plc (MDT)’s stock rose 5.51%. The Marco Investment Management Llc holds 180,556 shares with $14.04 million value, up from 126,945 last quarter. Medtronic Plc now has $107.58 billion valuation. The stock increased 1.40% or $1.1 during the last trading session, reaching $79.48. About 6.06M shares traded or 13.42% up from the average. Medtronic plc (NYSE:MDT) has risen 4.04% since February 10, 2017 and is uptrending. It has underperformed by 12.66% the S&P500.

The stock increased 1.45% or $0.6 during the last trading session, reaching $41.86. About 5.17M shares traded or 70.97% up from the average. XL Group Ltd (NYSE:XL) has risen 21.70% since February 10, 2017 and is uptrending. It has outperformed by 5.00% the S&P500.

Among 16 analysts covering XL Group Plc (NYSE:XL), 7 have Buy rating, 0 Sell and 9 Hold. Therefore 44% are positive. XL Group Plc has $5300 highest and $30 lowest target. $41.88’s average target is 0.05% above currents $41.86 stock price. XL Group Plc had 44 analyst reports since August 5, 2015 according to SRatingsIntel. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Tuesday, August 25 report. The rating was upgraded by Bruyette & Woods;KBW; KBW” on Tuesday, August 25 to “Mkt Perform”. As per Friday, October 13, the company rating was downgraded by Deutsche Bank. As per Friday, July 28, the company rating was upgraded by JP Morgan. The company was maintained on Monday, August 28 by RBC Capital Markets. Barclays Capital maintained XL Group Ltd (NYSE:XL) rating on Monday, October 16. Barclays Capital has “Overweight” rating and $47 target. The stock of XL Group Ltd (NYSE:XL) earned “Buy” rating by Keefe Bruyette & Woods on Monday, September 18. The stock of XL Group Ltd (NYSE:XL) earned “Neutral” rating by Credit Suisse on Monday, January 11. The stock of XL Group Ltd (NYSE:XL) has “Hold” rating given on Monday, September 11 by Buckingham Research. The firm earned “Buy” rating on Monday, October 2 by RBC Capital Markets.

Investors sentiment decreased to 0.5 in 2017 Q3. Its down 1.50, from 2 in 2017Q2. It turned negative, as 0 investors sold XL Group Ltd shares while 2 reduced holdings. 0 funds opened positions while 1 raised stakes. 50,724 shares or 20.55% less from 63,846 shares in 2017Q2 were reported. Gemmer Asset Mngmt Limited Co has 0.01% invested in XL Group Ltd (NYSE:XL) for 438 shares. Cibc Corporation holds 0.01% or 37,572 shares in its portfolio. Focused Wealth Mgmt has 0% invested in XL Group Ltd (NYSE:XL) for 4 shares. Green Square Capital Ltd Limited Liability Company reported 12,710 shares.

XL Group Ltd, through its subsidiaries, operates as an insurance and reinsurance firm worldwide. The company has market cap of $10.72 billion. The firm operates in two divisions, Insurance and Reinsurance. It currently has negative earnings. The Insurance segment offers casualty programs comprising primary and excess casualty, environmental liability, and excess and surplus lines; energy, property, and construction insurance; professional lines, such as directors', officers' liability, errors and omissions, employment practices, crime, fiduciary, technology, and cyber liability coverages; and specialty lines, including the aviation and satellite, marine, fine art and specie, equine, livestock and aquaculture, crisis management, political risk, trade credit and life, and accident and health insurance products.

Since December 8, 2017, it had 0 insider buys, and 2 selling transactions for $878,686 activity. 2,697 shares were sold by Vereker John KCB, worth $98,686 on Friday, December 8. Another trade for 20,000 shares valued at $780,000 was sold by Cross Susan Lee.