OneBeacon Insurance Group, Ltd. (NYSE:OB) Director Lowndes Andrew Smith sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $18.16, for a total value of $181,600.00. Following the completion of the sale, the director now owns 14,664 shares in the company, valued at approximately $266,298.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lowndes Andrew Smith also recently made the following trade(s):

  • On Friday, May 26th, Lowndes Andrew Smith sold 10,000 shares of OneBeacon Insurance Group stock. The shares were sold at an average price of $18.28, for a total value of $182,800.00.
  • On Thursday, May 18th, Lowndes Andrew Smith sold 10,000 shares of OneBeacon Insurance Group stock. The shares were sold at an average price of $18.31, for a total value of $183,100.00.

Shares of OneBeacon Insurance Group, Ltd. (OB) traded down 0.22% during trading on Tuesday, hitting $18.15. The stock had a trading volume of 99,362 shares. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 18.50 and a beta of 0.56. OneBeacon Insurance Group, Ltd. has a 52 week low of $13.21 and a 52 week high of $18.48. The company’s 50 day moving average price is $18.20 and its 200 day moving average price is $16.49.

OneBeacon Insurance Group (NYSE:OB) last announced its earnings results on Tuesday, May 2nd. The financial services provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. OneBeacon Insurance Group had a return on equity of 6.76% and a net margin of 7.96%. The firm had revenue of $277.40 million for the quarter, compared to the consensus estimate of $293.60 million. Analysts predict that OneBeacon Insurance Group, Ltd. will post $0.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 22nd. Stockholders of record on Friday, June 9th were paid a $0.21 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.63%. OneBeacon Insurance Group’s payout ratio is presently 84.85%.

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Several institutional investors have recently made changes to their positions in OB. Oxford Asset Management acquired a new position in shares of OneBeacon Insurance Group during the first quarter worth $169,000. Nwam LLC increased its position in shares of 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. American International Group Inc. increased its position in shares of OneBeacon Insurance Group by 7.1% in the first quarter. American International Group Inc. now owns 12,288 shares of the financial services provider’s stock worth $197,000 after buying an additional 819 shares during the last quarter. TFS Capital LLC increased its position in shares of OneBeacon Insurance Group by 7.2% in the first quarter. TFS Capital LLC now owns 15,221 shares of the financial services provider’s stock worth $244,000 after buying an additional 1,018 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of OneBeacon Insurance Group during the fourth quarter worth $258,000. Hedge funds and other institutional investors own 18.47% of the company’s stock.

OB has been the topic of several research analyst reports. Zacks Investment Research lowered OneBeacon Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. BidaskClub upgraded OneBeacon Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday. Finally, TheStreet upgraded OneBeacon Insurance Group from a “c+” rating to a “b-” rating in a research note on Wednesday, April 26th.

About OneBeacon Insurance Group

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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