Franklin Mutual Advisers Llc. is Buying Xl Group Ltd. (NYSE:XL) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Xl Group Ltd. (NYSE:XL) reported that Franklin Mutual Advisers Llc. has picked up 22,281,203 of common stock as of 2017-02-06.

The acquisition brings the aggregate amount owned by Franklin Mutual Advisers Llc. to a total of 22,281,203 representing a 8.3% stake in the company.

For those not familiar with the company, Xl Group Ltd. (NYSE:XL) is a risk specialist company. With an incredible blend of people, products, services and technology, the company has the power to find innovative, creative solutions for risks – from the most familiar to the most complex.

 A glance at Xl Group Ltd. (NYSE:XL)’s key stats reveals a current market capitalization of 10.32 billion based on 269.06 million shares outstanding and a price at last close of $38.65 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-05-03, Whelley picked up 1,500 at a purchase price of $32.30. This brings their total holding to 16,966 as of the date of the filing.

On the sell side, the most recent transaction saw Mcgavick unload 126,928 shares at a sale price of $38.00. This brings their total holding to 240,423.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Xl Group Ltd. (NYSE:XL) as things move forward to see if its progress aligns with these transactions.

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