Nisa Investment Advisors LLC maintained its stake in shares of OneBeacon Insurance Group, Ltd. (NYSE:OB) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,300 shares of the financial services provider’s stock at the end of the first quarter. Nisa Investment Advisors LLC’s holdings in OneBeacon Insurance Group were worth $181,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in OB. Renaissance Technologies LLC raised its stake 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 worth $7,009,000 after buying an additional 61,100 shares during the last quarter. State Street Corp boosted its position in 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 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. 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 valued at $1,077,000 after buying an additional 10,369 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in OneBeacon Insurance Group during the fourth quarter valued at approximately $9,654,000. 18.47% of the stock is owned by hedge funds and other institutional investors.
OneBeacon Insurance Group, Ltd. (NYSE:OB) traded down 0.11% during midday trading on Monday, hitting $18.17. The stock had a trading volume of 151,964 shares. The stock’s 50-day moving average is $18.07 and its 200-day moving average is $16.44. OneBeacon Insurance Group, Ltd. has a 1-year low of $12.66 and a 1-year high of $18.48. The company has a market capitalization of $1.72 billion, a PE ratio of 18.52 and a beta of 0.56.
OneBeacon Insurance Group (NYSE:OB) last posted its quarterly earnings results on Tuesday, May 2nd. The financial services provider reported $0.24 earnings per share 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 analysts’ expectations of $293.60 million. Equities research analysts forecast that OneBeacon Insurance Group, Ltd. will post $0.65 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Friday, June 9th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $0.84 annualized dividend and a dividend yield of 4.62%. OneBeacon Insurance Group’s dividend payout ratio (DPR) is 84.85%.
OB has been the subject of a number of research reports. TheStreet upgraded OneBeacon Insurance Group from a “c+” rating to a “b-” rating in a report on Wednesday, April 26th. Zacks Investment Research cut OneBeacon Insurance Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th.
In related news, CEO T Michael Miller sold 30,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $4,051,728.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul H. Mcdonough sold 4,000 shares of the 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 transaction, the insider now directly owns 53,627 shares of the company’s stock, valued at approximately $976,547.67. The disclosure for this sale can be found here. In the last three months, insiders sold 64,000 shares of company stock valued at $1,169,640. Corporate 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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