OneBeacon Insurance Group, Ltd. (OB) Stock Rating Upgraded by BidaskClub

OneBeacon Insurance Group, Ltd. (NYSE:OB) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Friday.

Separately, TheStreet raised shares of OneBeacon Insurance Group from a “c+” rating to a “b-” rating in a research note on Wednesday, April 26th.

Shares of OneBeacon Insurance Group (OB) opened at 18.15 on Friday. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 25.24 and a beta of 0.57. The firm has a 50-day moving average of $18.23 and a 200-day moving average of $17.11. OneBeacon Insurance Group has a one year low of $13.63 and a one year high of $18.48.

OneBeacon Insurance Group (NYSE:OB) last announced its earnings results on Friday, August 4th. The financial services provider reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.24. OneBeacon Insurance Group had a net margin of 5.88% and a return on equity of 5.17%. The firm had revenue of $294 million during the quarter, compared to analysts’ expectations of $295.10 million. Equities research analysts forecast that OneBeacon Insurance Group will post $0.53 EPS for the current fiscal year.

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In other news, insider Paul H. Mcdonough sold 4,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $18.21, for a total value of $72,840.00. Following the transaction, the insider now directly owns 53,627 shares in the company, valued at $976,547.67. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lowndes Andrew Smith sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $18.31, for a total transaction of $183,100.00. Following the completion of the transaction, the director now owns 34,664 shares in the company, valued at $634,697.84. The disclosure for this sale can be found here. In the last three months, insiders sold 84,146 shares of company stock worth $1,534,891. Insiders own 76.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nwam LLC boosted its position 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 during the last quarter. Schwab Charles Investment Management Inc. boosted its position in OneBeacon Insurance Group by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 92,977 shares of the financial services provider’s stock worth $1,695,000 after buying an additional 494 shares during the last quarter. Torray LLC boosted its position in OneBeacon Insurance Group by 1.4% in the second quarter. Torray LLC now owns 36,750 shares of the financial services provider’s stock worth $670,000 after buying an additional 500 shares during the last quarter. Bank of America Corp DE boosted its position in OneBeacon Insurance Group by 0.4% in the first quarter. Bank of America Corp DE now owns 155,586 shares of the financial services provider’s stock worth $2,490,000 after buying an additional 618 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in OneBeacon Insurance Group by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 200,702 shares of the financial services provider’s stock worth $3,659,000 after buying an additional 649 shares during the last quarter. Hedge funds and other institutional investors own 17.84% of the company’s stock.

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.

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