XL closes down 9% after Q1 miss

XL Group led a clutch of P&C stocks down in trading today (28
April) after the (re)insurer reported a set of results that
disappointed analysts and investors.
The company's shares closed down 8.7 percent at $32.74 in
New York in response to a 46 percent decline in operating profits
to $103.4mn for the first quarter.
At $0.35 a share, the performance was significantly below Wall
Street analysts' consensus forecasts of $0.50 a share.
Other stocks to suffer in trading included...