Somewhat Favorable News Coverage Somewhat Unlikely to Impact OneBeacon Insurance Group (OB) Share Price
News stories about OneBeacon Insurance Group (NYSE:OB) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. OneBeacon Insurance Group earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.5750564576241 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- IHS Markit Score upgrades OneBeacon Insurance Group Ltd to 59 out of 100, ranking positively in two out of four IHS Markit categories. (finance.yahoo.com)
- Head to Head Comparison: OneBeacon Insurance Group (OB) & Erie Indemnity (ERIE) (americanbankingnews.com)
- IHS Markit Score downgrades OneBeacon Insurance Group Ltd to 30 out of 100, ranking positively in two out of three available IHS Markit categories. (finance.yahoo.com)
- OneBeacon Insurance Group, Ltd. (OB) Director Sells $365,851.36 in Stock (americanbankingnews.com)
- OneBeacon Insurance Group Ltd. – Value Analysis (NYSE:OB) : August 7, 2017 (finance.yahoo.com)
OneBeacon Insurance Group (NYSE OB) traded down 0.22% during midday trading on Friday, reaching $18.15. The company’s stock had a trading volume of 123,732 shares. The firm has a 50 day moving average price of $18.23 and a 200 day moving average price of $17.11. OneBeacon Insurance Group has a 1-year low of $13.63 and a 1-year high of $18.48. The firm has a market capitalization of $1.72 billion, a PE ratio of 25.24 and a beta of 0.57.
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 for the quarter, missing analysts’ consensus estimates of $0.15 by $0.24. OneBeacon Insurance Group had a net margin of 5.88% and a return on equity of 5.17%. The company had revenue of $294 million during the quarter, compared to the consensus estimate of $295.10 million. On average, analysts predict that OneBeacon Insurance Group will post $0.53 EPS for the current year.
Several equities analysts recently issued reports on OB shares. TheStreet upgraded OneBeacon Insurance Group from a “c+” rating to a “b-” rating in a research note on Wednesday, April 26th. BidaskClub upgraded OneBeacon Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd.
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In other OneBeacon Insurance Group news, Director Lowndes Andrew Smith sold 10,000 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $18.28, for a total value of $182,800.00. Following the sale, the director now directly owns 24,664 shares in the company, valued at $450,857.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul H. Mcdonough sold 4,000 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were 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 in the company, valued at $976,547.67. The disclosure for this sale can be found here. Insiders sold 84,146 shares of company stock worth $1,534,891 over the last quarter. Company insiders own 76.60% 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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