OneBeacon Insurance Group Ltd. (OB) Sees Large Volume Increase
OneBeacon Insurance Group Ltd. (NYSE:OB) shares saw unusually-strong trading volume on Wednesday . Approximately 122,388 shares traded hands during trading, an increase of 133% from the previous session’s volume of 52,432 shares.The stock last traded at $14.10 and had previously closed at $14.10.
Separately, Zacks Investment Research downgraded shares of OneBeacon Insurance Group from a “hold” rating to a “sell” rating in a report on Thursday, July 28th.
The stock’s 50-day moving average is $14.06 and its 200-day moving average is $13.27. The company has a market cap of $1.34 billion and a PE ratio of 16.82.
OneBeacon Insurance Group (NYSE:OB) last released its earnings results 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. Analysts forecast that OneBeacon Insurance Group Ltd. will post $0.78 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Friday, September 9th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.93%.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.