OneBeacon Insurance Group Ltd. (OB) Given Average Rating of “Sell” by Brokerages
OneBeacon Insurance Group Ltd. (NYSE:OB) has been given a consensus broker rating score of 3.50 (Sell) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a sell rating and one has assigned a hold rating to the company.
Analysts have set a 12-month consensus target price of $12.00 for the company and are forecasting that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also given OneBeacon Insurance Group an industry rank of 197 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded OneBeacon Insurance Group from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Thursday, July 14th.
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Shares of OneBeacon Insurance Group (NYSE:OB) traded down 0.20% during mid-day trading on Monday, hitting $14.78. The stock had a trading volume of 5,385 shares. The company has a market cap of $1.39 billion, a P/E ratio of 17.55 and a beta of 0.64. The firm’s 50 day moving average price is $14.32 and its 200 day moving average price is $13.57. OneBeacon Insurance Group has a 1-year low of $11.68 and a 1-year high of $14.95.
OneBeacon Insurance Group (NYSE:OB) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.05. OneBeacon Insurance Group had a return on equity of 7.56% and a net margin of 6.78%. Analysts predict that OneBeacon Insurance Group will post $0.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Friday, September 9th were issued a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.84 dividend on an annualized basis and a yield of 5.67%. OneBeacon Insurance Group’s payout ratio is 98.82%.
A number of hedge funds have recently bought and sold shares of OB. Sei Investments Co. increased its stake in OneBeacon Insurance Group by 79.6% in the second quarter. Sei Investments Co. now owns 11,479 shares of the company’s stock worth $159,000 after buying an additional 5,089 shares during the last quarter. Alliancebernstein L.P. increased its stake in OneBeacon Insurance Group by 12.4% in the second quarter. Alliancebernstein L.P. now owns 43,500 shares of the company’s stock worth $600,000 after buying an additional 4,800 shares during the last quarter. BlackRock Group LTD increased its stake in OneBeacon Insurance Group by 28.4% in the second quarter. BlackRock Group LTD now owns 10,006 shares of the company’s stock worth $138,000 after buying an additional 2,213 shares during the last quarter. BlackRock Investment Management LLC increased its stake in OneBeacon Insurance Group by 7.4% in the second quarter. BlackRock Investment Management LLC now owns 89,804 shares of the company’s stock worth $1,239,000 after buying an additional 6,178 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in OneBeacon Insurance Group by 1.3% in the second quarter. Vanguard Group Inc. now owns 1,519,678 shares of the company’s stock worth $20,972,000 after buying an additional 19,507 shares during the last quarter. Institutional investors and hedge funds 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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