Geode Capital Management LLC boosted its position in shares of OneBeacon Insurance Group, Ltd. (NYSE:OB) by 3.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 195,253 shares of the financial services provider’s stock after buying an additional 6,784 shares during the period. Geode Capital Management LLC owned approximately 0.21% of OneBeacon Insurance Group worth $3,124,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Oxford Asset Management purchased a new stake in OneBeacon Insurance Group during the first quarter worth approximately $169,000. Nwam LLC raised 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. raised 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 raised 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, Victory Capital Management Inc. bought a new position in shares of OneBeacon Insurance Group during the first quarter worth about $684,000. 15.13% of the stock is owned by institutional investors.
OneBeacon Insurance Group, Ltd. (NYSE OB) traded down 0.44% during mid-day trading on Monday, hitting $18.21. 15,934 shares of the stock were exchanged. The company has a 50 day moving average price of $18.23 and a 200 day moving average price of $17.18. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 25.33 and a beta of 0.57. OneBeacon Insurance Group, Ltd. has a 52-week low of $13.63 and a 52-week high of $18.48.
OneBeacon Insurance Group (NYSE:OB) last issued its quarterly earnings data on Friday, August 4th. The financial services provider reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.24. The business had revenue of $294 million during the quarter, compared to analyst estimates of $295.10 million. OneBeacon Insurance Group had a net margin of 5.88% and a return on equity of 5.17%. On average, analysts anticipate that OneBeacon Insurance Group, Ltd. will post $0.45 EPS for the current year.
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OB has been the topic of a number of recent analyst reports. TheStreet upgraded shares of OneBeacon Insurance Group from a “c+” rating to a “b-” rating in a research note on Wednesday, April 26th. BidaskClub upgraded shares of OneBeacon Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd.
In other OneBeacon Insurance Group news, insider Paul H. Mcdonough sold 4,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $18.21, for a total value of $72,840.00. Following the transaction, the insider now directly owns 53,627 shares in the company, valued at approximately $976,547.67. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO T Michael Miller sold 30,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $18.29, for a total transaction of $548,700.00. Following the completion of the transaction, the chief executive officer now owns 221,527 shares in the company, valued at $4,051,728.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,146 shares of company stock worth $1,351,791. 76.60% of the stock is owned by corporate insiders.
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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