News headlines about OneBeacon Insurance Group (NYSE:OB) have trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. OneBeacon Insurance Group earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 44.7989822226301 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
OneBeacon Insurance Group (NYSE OB) traded down 0.05% during trading on Wednesday, hitting $18.26. The stock had a trading volume of 127,477 shares. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 18.61 and a beta of 0.57. OneBeacon Insurance Group has a 52 week low of $13.63 and a 52 week high of $18.48. The company has a 50-day moving average of $18.22 and a 200 day moving average of $16.89.
OneBeacon Insurance Group (NYSE:OB) last announced its earnings results on Tuesday, May 2nd. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $277.40 million during the quarter, compared to analyst estimates of $293.60 million. On average, equities research analysts anticipate that OneBeacon Insurance Group will post $0.65 EPS for the current year.
Several research firms have recently issued reports on OB. BidaskClub lowered OneBeacon Insurance Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. TheStreet upgraded OneBeacon Insurance Group from a “c+” rating to a “b-” rating in a research report on Wednesday, April 26th. Finally, Zacks Investment Research lowered OneBeacon Insurance Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th.
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In related news, Director Lowndes Andrew Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was 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 $266,298.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul H. Mcdonough sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $18.21, for a total value of $72,840.00. Following the completion of the sale, the insider now owns 53,627 shares of the company’s stock, valued at approximately $976,547.67. The disclosure for this sale can be found here. Insiders have sold 74,000 shares of company stock valued at $1,351,240 in the last 90 days. Company insiders own 76.80% 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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