OneBeacon Insurance Group, Ltd. (NYSE:OB) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of OneBeacon Insurance Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. TheStreet raised shares of OneBeacon Insurance Group from a “c+” rating to a “b-” rating in a research report on Wednesday, April 26th.

Shares of OneBeacon Insurance Group (NYSE:OB) traded down 0.05% during mid-day trading on Wednesday, reaching $18.18. The company had a trading volume of 149,983 shares. OneBeacon Insurance Group has a 52-week low of $13.63 and a 52-week high of $18.48. The company’s 50-day moving average is $18.23 and its 200 day moving average is $16.83. The stock has a market capitalization of $1.72 billion, a P/E ratio of 18.53 and a beta of 0.57.

OneBeacon Insurance Group (NYSE:OB) last released its quarterly earnings data on Tuesday, May 2nd. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. OneBeacon Insurance Group had a net margin of 7.96% and a return on equity of 6.76%. The business had revenue of $277.40 million during the quarter, compared to analyst estimates of $293.60 million. Analysts anticipate that OneBeacon Insurance Group will post $0.65 EPS for the current fiscal year.

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In other news, Director Lowndes Andrew Smith sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $18.31, for a total transaction of $183,100.00. Following the transaction, the director now owns 34,664 shares in the company, valued at approximately $634,697.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paul H. Mcdonough sold 4,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $18.21, for a total transaction of $72,840.00. Following the transaction, the insider now owns 53,627 shares in the company, valued at approximately $976,547.67. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,000 shares of company stock valued at $1,351,240. Company insiders own 76.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Deprince Race & Zollo Inc. increased its position in OneBeacon Insurance Group by 162.9% in the first quarter. Deprince Race & Zollo Inc. now owns 1,136,063 shares of the financial services provider’s stock valued at $18,177,000 after buying an additional 703,927 shares during the last quarter. Russell Investments Group Ltd. increased its position in 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 during the last quarter. Vanguard Group Inc. increased its position in OneBeacon Insurance Group by 8.2% in the first quarter. Vanguard Group Inc. now owns 1,737,345 shares of the financial services provider’s stock valued at $27,797,000 after buying an additional 131,864 shares during the last quarter. Dimensional Fund Advisors LP increased its position in OneBeacon Insurance Group by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,114,739 shares of the financial services provider’s stock valued at $17,835,000 after buying an additional 75,362 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in OneBeacon Insurance Group by 16.3% in the fourth quarter. Renaissance Technologies LLC now owns 436,700 shares of the financial services provider’s stock valued at $7,009,000 after buying an additional 61,100 shares during the last quarter. Institutional investors own 18.47% of the company’s stock.

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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