OneBeacon Insurance Group Ltd. (NYSE:OB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “OneBeacon Insurance Group, Ltd. is a Bermuda-domiciled holding company. Their underwriting companies offer a range of specialty insurance products sold through independent agencies, regional and national brokers, wholesalers and managing general agencies. Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment, and providing distinct products and tailored coverages and services. OneBeacon’s solutions target group accident; commercial surety; crop; design professionals; entertainment; environmental; excess property; financial services; healthcare; management liability; ocean and inland marine; programs; public entities; technology; and tuition refund. For further information about our products and services visit: www.onebeacon.com and to remain up to date on OneBeacon’s news, follow us on Twitter @OneBeaconIns or visit our online newsroom: www.onebeacon.com/newsroom. “
OneBeacon Insurance Group (NYSE:OB) traded up 1.27% during midday trading on Wednesday, reaching $14.39. The company had a trading volume of 4,970 shares. The company has a market capitalization of $1.36 billion, a P/E ratio of 17.09 and a beta of 0.64. OneBeacon Insurance Group has a 1-year low of $11.68 and a 1-year high of $14.95. The firm has a 50-day moving average of $14.22 and a 200 day moving average of $13.49.
OneBeacon Insurance Group (NYSE:OB) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by $0.05. OneBeacon Insurance Group had a return on equity of 7.56% and a net margin of 6.78%. On average, equities research analysts forecast that OneBeacon Insurance Group will post $0.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Friday, September 9th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date was Wednesday, September 7th. OneBeacon Insurance Group’s dividend payout ratio (DPR) is currently 98.82%.
Several large investors have recently modified their holdings of OB. BlackRock Group LTD boosted its stake in shares of OneBeacon Insurance Group by 28.4% in the second quarter. BlackRock Group LTD now owns 10,006 shares of the company’s stock worth $138,000 after buying an additional 2,213 shares during the period. Sei Investments Co. boosted its stake in shares of OneBeacon Insurance Group by 79.6% in the second quarter. Sei Investments Co. now owns 11,479 shares of the company’s stock worth $159,000 after buying an additional 5,089 shares during the period. Clinton Group Inc. bought a new stake in shares of OneBeacon Insurance Group during the second quarter worth $190,000. Stifel Financial Corp bought a new stake in shares of OneBeacon Insurance Group during the second quarter worth $269,000. Finally, Martingale Asset Management L P bought a new stake in shares of OneBeacon Insurance Group during the second quarter worth $313,000. Hedge funds and other institutional investors own 17.73% of the company’s stock.
About OneBeacon Insurance Group
OneBeacon Insurance Group, Ltd., through its subsidiaries, is a property and casualty insurance writer that offers a range of insurance products in the United States primarily through independent agencies, regional and national brokers, wholesalers and managing general agencies. The Company’s segments include Specialty Products, Specialty Industries, and Investing, Financing and Corporate.
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