OneBeacon Insurance Group Ltd. (OB) Stock Price Up 2.6%
Shares of OneBeacon Insurance Group Ltd. (NYSE:OB) rose 2.6% on Tuesday . The company traded as high as $14.67 and last traded at $14.52, with a volume of 212,733 shares traded. The stock had previously closed at $14.15.
Separately, Zacks Investment Research raised shares of OneBeacon Insurance Group from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Thursday, July 14th.
The company’s 50 day moving average is $14.02 and its 200-day moving average is $13.37. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 17.20 and a beta of 0.59.
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OneBeacon Insurance Group (NYSE:OB) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.05. OneBeacon Insurance Group had a net margin of 6.78% and a return on equity of 7.56%. On average, equities research analysts predict that OneBeacon Insurance Group Ltd. will post $0.78 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Friday, September 9th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date is Wednesday, September 7th. OneBeacon Insurance Group’s dividend payout ratio is 98.82%.
Several institutional investors have recently made changes to their positions in the stock. Menta Capital LLC boosted its stake in shares of OneBeacon Insurance Group by 14.0% in the first quarter. Menta Capital LLC now owns 117,202 shares of the company’s stock worth $1,492,000 after buying an additional 14,400 shares during the period. M&T Bank Corp boosted its stake in shares of OneBeacon Insurance Group by 4.4% in the first quarter. M&T Bank Corp now owns 963,632 shares of the company’s stock worth $12,267,000 after buying an additional 40,665 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of OneBeacon Insurance Group by 18.1% in the first quarter. Goldman Sachs Group Inc. now owns 56,855 shares of the company’s stock worth $724,000 after buying an additional 8,733 shares during the period. Geode Capital Management LLC boosted its stake in shares of OneBeacon Insurance Group by 5.1% in the first quarter. Geode Capital Management LLC now owns 150,654 shares of the company’s stock worth $1,917,000 after buying an additional 7,246 shares during the period. Finally, Bogle Investment Management L P DE purchased a new stake in shares of OneBeacon Insurance Group during the first quarter worth about $526,000. Institutional investors own 17.73% of the company’s stock.
OneBeacon Insurance Group Company Profile
OneBeacon Insurance Group, Ltd., through its subsidiaries, is a property and casualty insurance writer that offers a range of insurance products in the United States primarily through independent agencies, regional and national brokers, wholesalers and managing general agencies. The Company’s segments include Specialty Products, Specialty Industries, and Investing, Financing and Corporate.
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