Nisa Investment Advisors LLC Has $207,000 Position in OneBeacon Insurance Group, Ltd. (OB)

Nisa Investment Advisors LLC held its stake in OneBeacon Insurance Group, Ltd. (NYSE:OB) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,300 shares of the financial services provider’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in OneBeacon Insurance Group were worth $207,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp increased its stake 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 valued at $6,960,000 after buying an additional 58,753 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of OneBeacon Insurance Group by 88.8% in the fourth quarter. Teachers Advisors LLC now owns 80,361 shares of the financial services provider’s stock valued at $1,290,000 after buying an additional 37,804 shares in the last quarter. Russell Investments Group Ltd. increased its stake 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 valued at $12,756,000 after buying an additional 196,502 shares in the last quarter. Bowling Portfolio Management LLC acquired a new stake in shares of OneBeacon Insurance Group during the first quarter valued at $758,000. Finally, Eqis Capital Management Inc. increased its stake in shares of 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 valued at $902,000 after buying an additional 8,205 shares in the last quarter. Hedge funds and other institutional investors own 15.13% of the company’s stock.

Shares of OneBeacon Insurance Group, Ltd. (NYSE OB) traded up 0.39% during mid-day trading on Tuesday, hitting $18.24. The company had a trading volume of 62,091 shares. The company’s 50-day moving average is $18.23 and its 200 day moving average is $17.14. The company has a market capitalization of $1.73 billion, a PE ratio of 25.37 and a beta of 0.57. OneBeacon Insurance Group, Ltd. has a one year low of $13.63 and a one year high of $18.48.

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

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Several brokerages recently weighed in on OB. BidaskClub upgraded OneBeacon Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday. TheStreet upgraded OneBeacon Insurance Group from a “c+” rating to a “b-” rating in a research report on Wednesday, April 26th.

In other OneBeacon Insurance Group news, Director Lowndes Andrew Smith sold 10,000 shares of OneBeacon Insurance Group 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 sale, the director now owns 34,664 shares of the company’s stock, valued at $634,697.84. The sale was disclosed in a filing with the SEC, 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 sale, the chief executive officer now directly 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 have sold 84,146 shares of company stock valued at $1,534,891 in the last three months. 76.60% 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.

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

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