According to Zacks, “OneBeacon Insurance Group, Ltd. is a Bermuda-domiciled holding company. Their underwriting companies offer a range of specialty insurance products sold through independent agencies, regional and national brokers, wholesalers and managing general agencies. Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment, and providing distinct products and tailored coverages and services. OneBeacon’s solutions target group accident; commercial surety; crop; design professionals; entertainment; environmental; excess property; financial services; healthcare; management liability; ocean and inland marine; programs; public entities; technology; and tuition refund. For further information about our products and services visit: www.onebeacon.com and to remain up to date on OneBeacon’s news, follow us on Twitter @OneBeaconIns or visit our online newsroom: www.onebeacon.com/newsroom. “
Shares of OneBeacon Insurance Group (NYSE:OB) traded down 0.48% during mid-day trading on Wednesday, hitting $14.43. 1,872 shares of the stock traded hands. The firm has a 50 day moving average of $14.23 and a 200 day moving average of $13.50. OneBeacon Insurance Group has a 12 month low of $11.68 and a 12 month high of $14.95. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 17.14 and a beta of 0.64.
OneBeacon Insurance Group (NYSE:OB) last released its earnings results on Wednesday, August 3rd. The company reported $0.09 earnings per share for the quarter, missing the 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 analysts expect that OneBeacon Insurance Group will post $0.78 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Friday, September 9th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 5.79%. The ex-dividend date was Wednesday, September 7th. OneBeacon Insurance Group’s dividend payout ratio is presently 98.82%.
A number of hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in OneBeacon Insurance Group by 101,856.7% in the second quarter. PNC Financial Services Group Inc. now owns 212,070 shares of the company’s stock valued at $2,926,000 after buying an additional 211,862 shares in the last quarter. Bogle Investment Management L P DE acquired a new stake in OneBeacon Insurance Group during the first quarter valued at approximately $526,000. M&T Bank Corp increased its stake in OneBeacon Insurance Group by 4.4% in the first quarter. M&T Bank Corp now owns 963,632 shares of the company’s stock valued at $12,267,000 after buying an additional 40,665 shares during the period. Renaissance Technologies LLC increased its stake in OneBeacon Insurance Group by 68.4% in the first quarter. Renaissance Technologies LLC now owns 233,600 shares of the company’s stock valued at $2,974,000 after buying an additional 94,898 shares during the period. Finally, Geode Capital Management LLC increased its stake 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 valued at $1,917,000 after buying an additional 7,246 shares during the period. 17.73% of the stock is currently owned by institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.