OneBeacon Insurance Group (OB) Earning Favorable News Coverage, Report Shows

Media headlines about OneBeacon Insurance Group (NYSE:OB) have trended positive recently, according to Accern Sentiment. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. OneBeacon Insurance Group earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 90 out of 100, meaning that recent press coverage is very likely to have an effect on the company’s share price in the near term.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

OneBeacon Insurance Group (NYSE OB) traded down 0.22% during mid-day trading on Friday, reaching $18.23. 78,272 shares of the company’s stock were exchanged. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 18.58 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 $18.25 and a 200-day moving average of $16.60.

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, topping 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 the consensus estimate of $293.60 million. Equities research analysts anticipate that OneBeacon Insurance Group will post $0.65 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 22nd. Shareholders of record on Friday, June 9th were paid a $0.21 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $0.84 annualized dividend and a yield of 4.61%. OneBeacon Insurance Group’s payout ratio is 84.85%.

Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of OneBeacon Insurance Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. TheStreet downgraded shares of OneBeacon Insurance Group from a “b” rating to a “c+” rating in a report on Monday, March 27th. Finally, BidaskClub raised shares of OneBeacon Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, June 23rd.

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In other news, CEO T Michael Miller sold 30,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was 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 directly owns 221,527 shares in the company, valued at approximately $4,051,728.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lowndes Andrew Smith sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $18.16, for a total value of $181,600.00. Following the transaction, the director now owns 14,664 shares of the company’s stock, valued at $266,298.24. The disclosure for this sale can be found here. Insiders sold a total of 74,000 shares of company stock valued at $1,351,240 over the last 90 days. 76.80% of the stock is currently owned by corporate insiders.

OneBeacon Insurance Group Company Profile

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.

Insider Buying and Selling by Quarter for OneBeacon Insurance Group (NYSE:OB)

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