OneBeacon Insurance Group, Ltd. (OB) Shares Sold by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lowered its position in shares of OneBeacon Insurance Group, Ltd. (NYSE:OB) by 36.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 92,720 shares of the financial services provider’s stock after selling 52,591 shares during the period. Parametric Portfolio Associates LLC owned about 0.10% of OneBeacon Insurance Group worth $1,484,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. increased its position in shares of OneBeacon Insurance Group by 32.7% in the first quarter. Russell Investments Group Ltd. now owns 797,219 shares of the financial services provider’s stock worth $12,756,000 after buying an additional 196,502 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of OneBeacon Insurance Group by 16.3% in the fourth quarter. Renaissance Technologies LLC now owns 436,700 shares of the financial services provider’s stock worth $7,009,000 after buying an additional 61,100 shares in the last quarter. Comerica Bank increased its position in shares of OneBeacon Insurance Group by 147.1% in the first quarter. Comerica Bank now owns 98,837 shares of the financial services provider’s stock worth $1,607,000 after buying an additional 58,841 shares during the period. State Street Corp increased its position in shares of OneBeacon Insurance Group by 15.7% in the fourth quarter. State Street Corp now owns 433,705 shares of the financial services provider’s stock worth $6,960,000 after buying an additional 58,753 shares during the period. Finally, Bowling Portfolio Management LLC purchased a new position in shares of OneBeacon Insurance Group during the first quarter worth approximately $758,000. Institutional investors and hedge funds own 18.47% of the company’s stock.

Shares of OneBeacon Insurance Group, Ltd. (OB) opened at 18.25 on Tuesday. OneBeacon Insurance Group, Ltd. has a 12 month low of $13.63 and a 12 month high of $18.48. The firm has a market cap of $1.73 billion, a PE ratio of 18.60 and a beta of 0.57. The firm has a 50 day moving average price of $18.25 and a 200-day moving average price of $16.60.

OneBeacon Insurance Group (NYSE:OB) last announced its quarterly earnings data on Tuesday, May 2nd. The financial services provider reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.06. The company had revenue of $277.40 million during the quarter, compared to analysts’ expectations of $293.60 million. OneBeacon Insurance Group had a return on equity of 6.76% and a net margin of 7.96%. On average, analysts predict that OneBeacon Insurance Group, Ltd. will post $0.65 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 22nd. Stockholders of record on Friday, June 9th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 4.60%. The ex-dividend date was Wednesday, June 7th. OneBeacon Insurance Group’s payout ratio is 84.85%.

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OB has been the topic of a number of recent research reports. TheStreet downgraded OneBeacon Insurance Group from a “b” rating to a “c+” rating in a research note on Monday, March 27th. Zacks Investment Research downgraded OneBeacon Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Finally, BidaskClub upgraded OneBeacon Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd.

In related news, insider Paul H. Mcdonough sold 4,000 shares of OneBeacon Insurance Group stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $18.21, for a total transaction of $72,840.00. Following the completion of the transaction, the insider now owns 53,627 shares in the company, valued at $976,547.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO T Michael Miller sold 30,000 shares of OneBeacon Insurance Group stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $18.29, for a total value of $548,700.00. Following the transaction, the chief executive officer now owns 221,527 shares of the company’s stock, valued at approximately $4,051,728.83. The disclosure for this sale can be found here. Insiders sold a total of 74,000 shares of company stock valued at $1,351,240 in the last 90 days. 76.80% of the stock is owned by corporate insiders.

OneBeacon Insurance Group Company Profile

OneBeacon Insurance Group, Ltd. (OneBeacon) is a specialty property and casualty insurance writer that offers a range of insurance products in the United States. The Company’s segments include Specialty Products, Specialty Industries, and Investing, Financing and Corporate. As of December 31, 2016, the Specialty Products segment consisted of 10 underwriting operating segments representing an aggregation based on those that offer products, coverages and services to customers across the United States.

Institutional Ownership by Quarter for OneBeacon Insurance Group (NYSE:OB)

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