OneBeacon Insurance Group, Ltd. (NYSE:OB) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

OB has been the subject of several other research reports. Zacks Investment Research downgraded OneBeacon Insurance Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. TheStreet upgraded OneBeacon Insurance Group from a “c+” rating to a “b-” rating in a report on Wednesday, April 26th.

OneBeacon Insurance Group (NYSE:OB) traded up 0.11% during trading on Thursday, hitting $18.22. 101,730 shares of the company traded hands. The firm has a market capitalization of $1.73 billion, a P/E ratio of 18.57 and a beta of 0.57. OneBeacon Insurance Group has a 12-month low of $13.63 and a 12-month high of $18.48. The stock has a 50-day moving average price of $18.23 and a 200-day moving average price of $17.01.

OneBeacon Insurance Group (NYSE:OB) last announced its quarterly earnings results on Friday, August 4th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.24. OneBeacon Insurance Group had a return on equity of 6.76% and a net margin of 7.96%. The company had revenue of $294 million for the quarter, compared to the consensus estimate of $295.10 million. Equities analysts expect that OneBeacon Insurance Group will post $0.65 EPS for the current fiscal year.

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In other OneBeacon Insurance Group news, CEO T Michael Miller sold 30,000 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $18.29, for a total value of $548,700.00. Following the completion of the transaction, the chief executive officer now owns 221,527 shares in the company, valued at approximately $4,051,728.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lowndes Andrew Smith sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $18.16, for a total value of $181,600.00. Following the completion of the transaction, the director now owns 14,664 shares of the company’s stock, valued at approximately $266,298.24. The disclosure for this sale can be found here. Insiders sold a total of 64,000 shares of company stock valued at $1,169,040 in the last 90 days. Corporate insiders own 76.80% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oxford Asset Management acquired a new position in shares of OneBeacon Insurance Group during the first quarter worth about $169,000. Nwam LLC increased its position in shares of OneBeacon Insurance Group by 4.6% in the first quarter. Nwam LLC now owns 11,055 shares of the financial services provider’s stock worth $177,000 after buying an additional 482 shares during the period. American International Group Inc. increased its position in shares of OneBeacon Insurance Group by 7.1% in the first quarter. American International Group Inc. now owns 12,288 shares of the financial services provider’s stock worth $197,000 after buying an additional 819 shares during the period. Gamco Investors INC. ET AL acquired a new position in shares of OneBeacon Insurance Group during the second quarter worth about $235,000. Finally, TFS Capital LLC increased its position in shares of OneBeacon Insurance Group by 7.2% in the first quarter. TFS Capital LLC now owns 15,221 shares of the financial services provider’s stock worth $244,000 after buying an additional 1,018 shares during the period. Hedge funds and other institutional investors own 17.76% of the company’s stock.

About OneBeacon Insurance Group

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.

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