Swiss National Bank maintained its stake in OneBeacon Insurance Group, Ltd. (NYSE:OB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,400 shares of the financial services provider’s stock at the end of the first quarter. Swiss National Bank’s holdings in OneBeacon Insurance Group were worth $534,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Nwam LLC increased its stake in OneBeacon Insurance Group by 4.6% in the first quarter. Nwam LLC now owns 11,055 shares of the financial services provider’s stock worth $177,000 after buying an additional 482 shares in the last quarter. Highbridge Capital Management LLC purchased a new stake in OneBeacon Insurance Group during the fourth quarter worth approximately $508,000. Comerica Bank increased its stake in OneBeacon Insurance Group by 18.8% in the fourth quarter. Comerica Bank now owns 39,996 shares of the financial services provider’s stock worth $615,000 after buying an additional 6,319 shares in the last quarter. Bowling Portfolio Management LLC purchased a new stake in OneBeacon Insurance Group during the first quarter worth approximately $758,000. Finally, Eqis Capital Management Inc. increased its stake in OneBeacon Insurance Group by 17.0% in the first quarter. Eqis Capital Management Inc. now owns 56,400 shares of the financial services provider’s stock worth $902,000 after buying an additional 8,205 shares in the last quarter. Institutional investors own 18.47% of the company’s stock.
Shares of OneBeacon Insurance Group, Ltd. (NYSE OB) opened at 18.19 on Wednesday. The firm’s 50-day moving average price is $18.23 and its 200 day moving average price is $16.83. OneBeacon Insurance Group, Ltd. has a 52 week low of $13.63 and a 52 week high of $18.48. The company has a market capitalization of $1.72 billion, a PE ratio of 18.54 and a beta of 0.57.
OneBeacon Insurance Group (NYSE:OB) last released its earnings results on Tuesday, May 2nd. The financial services provider reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.06. OneBeacon Insurance Group had a net margin of 7.96% and a return on equity of 6.76%. The business had revenue of $277.40 million for the quarter, compared to analyst estimates of $293.60 million. Equities analysts predict that OneBeacon Insurance Group, Ltd. will post $0.65 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 22nd. Shareholders of record on Friday, June 9th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date was Wednesday, June 7th. OneBeacon Insurance Group’s dividend payout ratio (DPR) is 84.85%.
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A number of equities research analysts recently commented on OB shares. TheStreet upgraded OneBeacon Insurance Group from a “c+” rating to a “b-” rating in a research report on Wednesday, April 26th. BidaskClub raised OneBeacon Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. Finally, Zacks Investment Research cut OneBeacon Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th.
In other OneBeacon Insurance Group news, Director Lowndes Andrew Smith sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $18.31, for a total value of $183,100.00. Following the transaction, the director now directly owns 34,664 shares of the company’s stock, valued at approximately $634,697.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul H. Mcdonough sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 53,627 shares in the company, valued at $976,547.67. The disclosure for this sale can be found here. Insiders sold a total of 74,000 shares of company stock worth $1,351,240 over the last three months. Corporate insiders own 76.80% of the company’s stock.
About OneBeacon Insurance Group
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.
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