Bank of America Corp DE increased its position in shares of OneBeacon Insurance Group, Ltd. (NYSE:OB) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,586 shares of the financial services provider’s stock after buying an additional 618 shares during the period. Bank of America Corp DE’s holdings in OneBeacon Insurance Group were worth $2,490,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the stock. Deprince Race & Zollo Inc. raised its position 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 in the last quarter. Russell Investments Group Ltd. raised its position 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 in the last quarter. Vanguard Group Inc. raised its position in shares of 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 in the last quarter. Dimensional Fund Advisors LP raised its position 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 in the last quarter. Finally, Comerica Bank raised its position in shares of OneBeacon Insurance Group by 147.1% in the first quarter. Comerica Bank now owns 98,837 shares of the financial services provider’s stock worth $1,607,000 after buying an additional 58,841 shares in the last quarter. Institutional investors own 17.84% of the company’s stock.

OneBeacon Insurance Group, Ltd. (OB) traded down 0.05% during trading on Thursday, hitting $18.20. The stock had a trading volume of 15,279 shares. The firm has a market cap of $1.72 billion, a P/E ratio of 25.31 and a beta of 0.57. OneBeacon Insurance Group, Ltd. 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 $17.09.

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 Zacks’ consensus estimate of $0.15 by $0.24. OneBeacon Insurance Group had a negative return on equity of 0.12% and a net margin of 0.10%. The firm had revenue of $294 million for the quarter, compared to analyst estimates of $295.10 million. On average, equities research analysts predict that OneBeacon Insurance Group, Ltd. will post $0.53 earnings per share for the current fiscal year.

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A number of brokerages have weighed in on OB. BidaskClub lowered OneBeacon Insurance Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. TheStreet upgraded OneBeacon Insurance Group from a “c+” rating to a “b-” rating in a report on Wednesday, April 26th. Finally, Zacks Investment Research cut OneBeacon Insurance Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th.

In related news, CEO T Michael Miller sold 30,000 shares of OneBeacon Insurance Group stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $18.29, for a total value of $548,700.00. Following the completion of the sale, the chief executive officer now owns 221,527 shares in the company, valued at approximately $4,051,728.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick A. Thiele sold 20,146 shares of OneBeacon Insurance Group stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $18.16, for a total transaction of $365,851.36. The disclosure for this sale can be found here. Insiders sold a total of 84,146 shares of company stock valued at $1,534,891 in the last quarter. 76.60% of the stock is owned by insiders.

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.

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Institutional Ownership by Quarter for OneBeacon Insurance Group (NYSE:OB)

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