OneBeacon Insurance Group, Ltd. (NYSE:OB) released its quarterly earnings data on Friday. The financial services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.24, Bloomberg Earnings reports. OneBeacon Insurance Group had a net margin of 7.96% and a return on equity of 6.76%. The firm had revenue of $294 million during the quarter, compared to analysts’ expectations of $295.10 million.

OneBeacon Insurance Group (NYSE OB) traded up 0.11% during trading on Friday, reaching $18.22. The company had a trading volume of 101,730 shares. 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 $18.23 and a 200-day moving average of $17.01. The firm has a market capitalization of $1.73 billion, a P/E ratio of 18.57 and a beta of 0.57.

In other OneBeacon Insurance Group news, Director Lowndes Andrew Smith sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $18.16, for a total value of $181,600.00. Following the completion of the sale, the director now directly owns 14,664 shares in the company, valued at $266,298.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul H. Mcdonough sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $18.21, for a total value of $72,840.00. Following the completion of the sale, the insider now owns 53,627 shares of the company’s stock, valued at $976,547.67. The disclosure for this sale can be found here. Insiders sold 64,000 shares of company stock valued at $1,169,040 over the last 90 days. 76.80% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in OneBeacon Insurance Group by 8.2% in the first quarter. Vanguard Group Inc. now owns 1,737,345 shares of the financial services provider’s stock worth $27,797,000 after buying an additional 131,864 shares during the period. Deprince Race & Zollo Inc. increased its stake in shares of OneBeacon Insurance Group by 162.9% in the first quarter. Deprince Race & Zollo Inc. now owns 1,136,063 shares of the financial services provider’s stock worth $18,177,000 after buying an additional 703,927 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of OneBeacon Insurance Group by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,114,739 shares of the financial services provider’s stock worth $17,835,000 after buying an additional 75,362 shares during the period. M&T Bank Corp increased its stake in shares of OneBeacon Insurance Group by 2.0% in the first quarter. M&T Bank Corp now owns 1,073,699 shares of the financial services provider’s stock worth $17,180,000 after buying an additional 20,766 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of OneBeacon Insurance Group by 32.7% in the first quarter. Russell Investments Group Ltd. now owns 797,219 shares of the financial services provider’s stock worth $12,756,000 after buying an additional 196,502 shares during the period. Hedge funds and other institutional investors own 17.76% of the company’s stock.

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Several research firms recently weighed in on OB. BidaskClub raised OneBeacon Insurance Group from a “sell” rating to a “hold” rating in a research note on Thursday. TheStreet raised OneBeacon Insurance Group from a “c+” rating to a “b-” rating in a research note on Wednesday, April 26th. Finally, Zacks Investment Research downgraded OneBeacon Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th.

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.

Earnings History for OneBeacon Insurance Group (NYSE:OB)

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