OneBeacon Insurance Group Ltd. (OB) Sees Strong Trading Volume
OneBeacon Insurance Group Ltd. (NYSE:OB) shares saw unusually-high trading volume on Wednesday . Approximately 122,388 shares were traded during mid-day 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 company has a market capitalization of $1.33 billion and a PE ratio of 16.78. The stock’s 50 day moving average price is $14.06 and its 200-day moving average price is $13.28.
OneBeacon Insurance Group (NYSE:OB) last announced 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 anticipate that OneBeacon Insurance Group Ltd. will post $0.78 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Friday, September 9th will be given a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.84 dividend on an annualized basis and a yield of 5.96%.
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.
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