Swiss National Bank held its position in shares of OneBeacon Insurance Group Ltd. (NYSE:OB) during the second quarter, Holdings Channel reports. The institutional investor owned 40,800 shares of the company’s stock at the end of the second quarter. Swiss National Bank’s holdings in OneBeacon Insurance Group were worth $563,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the stock. Menta Capital LLC raised its position in OneBeacon Insurance Group by 14.0% in the first quarter. Menta Capital LLC now owns 117,202 shares of the company’s stock worth $1,492,000 after buying an additional 14,400 shares in the last quarter. Goldman Sachs Group Inc. raised its position in OneBeacon Insurance Group by 18.1% in the first quarter. Goldman Sachs Group Inc. now owns 56,855 shares of the company’s stock worth $724,000 after buying an additional 8,733 shares in the last quarter. Geode Capital Management LLC raised its position in OneBeacon Insurance Group by 5.1% in the first quarter. Geode Capital Management LLC now owns 150,654 shares of the company’s stock worth $1,917,000 after buying an additional 7,246 shares in the last quarter. Bogle Investment Management L P DE acquired a new position in OneBeacon Insurance Group during the first quarter worth approximately $526,000. Finally, Eqis Capital Management Inc. raised its position in OneBeacon Insurance Group by 2.8% in the second quarter. Eqis Capital Management Inc. now owns 37,571 shares of the company’s stock worth $518,000 after buying an additional 1,006 shares in the last quarter. 17.73% of the stock is currently owned by institutional investors.
OneBeacon Insurance Group Ltd. (NYSE:OB) traded up 1.10% during trading on Friday, reaching $14.67. 6,238 shares of the company were exchanged. OneBeacon Insurance Group Ltd. has a one year low of $11.68 and a one year high of $14.95. The firm’s 50 day moving average price is $14.30 and its 200-day moving average price is $13.55. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 17.42 and a beta of 0.64.
OneBeacon Insurance Group (NYSE:OB) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.05. OneBeacon Insurance Group had a return on equity of 7.56% and a net margin of 6.78%. On average, equities research analysts predict that OneBeacon Insurance Group Ltd. will post $0.78 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Friday, September 9th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date was Wednesday, September 7th. OneBeacon Insurance Group’s dividend payout ratio is 98.82%.
Separately, Zacks Investment Research raised shares of OneBeacon Insurance Group from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Thursday, July 14th.
About OneBeacon Insurance Group
OneBeacon Insurance Group, Ltd., through its subsidiaries, is a property and casualty insurance writer that offers a range of insurance products in the United States primarily through independent agencies, regional and national brokers, wholesalers and managing general agencies. The Company’s segments include Specialty Products, Specialty Industries, and Investing, Financing and Corporate.
Want to see what other hedge funds are holding OB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OneBeacon Insurance Group Ltd. (NYSE:OB).
Receive News & Ratings for OneBeacon Insurance Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneBeacon Insurance Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.