OneBeacon Insurance Group Sees Unusually-High Trading Volume After Dividend Announcement (OB)
OneBeacon Insurance Group (NYSE:OB) saw unusually-strong trading volume on Friday after the company announced a dividend, AnalystRatingsNetwork.com reports. Approximately 92,297 shares changed hands during trading, an increase of 17% from the previous session’s volume of 78,872 shares.The stock last traded at $15.36 and had previously closed at $15.19.
The newly announced dividend is scheduled for Thursday, June 26th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Wednesday, June 11th.
Separately, analysts at Zacks downgraded shares of OneBeacon Insurance Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 14th. They now have a $17.50 price target on the stock.
The stock’s 50-day moving average is $15.38 and its 200-day moving average is $15.4. The company has a market cap of $1.458 billion and a P/E ratio of 11.69.
OneBeacon Insurance Group (NYSE:OB) last released its earnings data on Monday, April 28th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.21. The company had revenue of $306.40 million for the quarter, compared to the consensus estimate of $274.50 million. Analysts expect that OneBeacon Insurance Group will post $1.20 EPS for the current fiscal year.
OneBeacon Insurance Group, Ltd. (NYSE:OB) through its subsidiaries is a specialty property and casualty insurance writer that offers a range of insurance products through independent agencies, regional and national brokers, wholesalers and managing general agencies.
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