Paul H. Mcdonough Sells 4,000 Shares of OneBeacon Insurance Group, Ltd. (NYSE:OB) Stock

OneBeacon Insurance Group, Ltd. (NYSE:OB) insider Paul H. Mcdonough sold 4,000 shares of OneBeacon Insurance Group stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $18.21, for a total transaction of $72,840.00. Following the sale, the insider now owns 53,627 shares in the company, valued at $976,547.67. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

OneBeacon Insurance Group, Ltd. (OB) traded up 0.27% during midday trading on Friday, reaching $18.26. 98,816 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $18.25 and its 200-day moving average price is $16.60. OneBeacon Insurance Group, Ltd. has a one year low of $13.56 and a one year high of $18.48. The stock has a market cap of $1.73 billion, a PE ratio of 18.61 and a beta of 0.57.

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, topping the consensus estimate of $0.18 by $0.06. The business had revenue of $277.40 million for the quarter, compared to analysts’ expectations of $293.60 million. OneBeacon Insurance Group had a return on equity of 6.76% and a net margin of 7.96%. Equities analysts predict that OneBeacon Insurance Group, Ltd. will post $0.65 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 22nd. Shareholders of record on Friday, June 9th were given a $0.21 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $0.84 annualized dividend and a yield of 4.60%. OneBeacon Insurance Group’s payout ratio is 84.85%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its position in shares of 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. State Street Corp boosted its position in shares of OneBeacon Insurance Group by 15.7% in the fourth quarter. State Street Corp now owns 433,705 shares of the financial services provider’s stock valued at $6,960,000 after buying an additional 58,753 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of OneBeacon Insurance Group by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,039,377 shares of the financial services provider’s stock valued at $16,682,000 after buying an additional 46,047 shares during the last quarter. TFS Capital LLC boosted its position in 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, Two Sigma Investments LP boosted its position in OneBeacon Insurance Group by 18.3% in the fourth quarter. Two Sigma Investments LP now owns 67,103 shares of the financial services provider’s stock worth $1,077,000 after buying an additional 10,369 shares during the last quarter. 18.47% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the stock. BidaskClub upgraded shares of OneBeacon Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. TheStreet upgraded shares of OneBeacon Insurance Group from a “c+” rating to a “b-” rating in a research note on Wednesday, April 26th. Finally, Zacks Investment Research downgraded shares of OneBeacon Insurance Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th.

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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