Russell Investments Group Ltd. reduced its stake in OneBeacon Insurance Group, Ltd. (NYSE:OB) by 84.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,847 shares of the financial services provider’s stock after selling 670,372 shares during the period. Russell Investments Group Ltd. owned about 0.13% of OneBeacon Insurance Group worth $2,312,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Teachers Advisors LLC increased its stake in shares of OneBeacon Insurance Group by 88.8% during the fourth quarter. Teachers Advisors LLC now owns 80,361 shares of the financial services provider’s stock valued at $1,290,000 after buying an additional 37,804 shares during the period. Bank of New York Mellon Corp increased its stake in shares of OneBeacon Insurance Group by 7.6% during the first quarter. Bank of New York Mellon Corp now owns 120,467 shares of the financial services provider’s stock valued at $1,927,000 after buying an additional 8,546 shares during the period. Comerica Bank increased its stake in shares of OneBeacon Insurance Group by 147.1% during the first quarter. Comerica Bank now owns 98,837 shares of the financial services provider’s stock valued at $1,607,000 after buying an additional 58,841 shares during the period. TFS Capital LLC increased its stake in shares of OneBeacon Insurance Group by 7.2% during the first quarter. TFS Capital LLC now owns 15,221 shares of the financial services provider’s stock valued at $244,000 after buying an additional 1,018 shares during the period. Finally, Oxford Asset Management purchased a new position in shares of OneBeacon Insurance Group during the first quarter valued at approximately $169,000. 17.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of OneBeacon Insurance Group, Ltd. (OB) traded up 0.05% during midday trading on Friday, reaching $18.23. The company had a trading volume of 26,420 shares. OneBeacon Insurance Group, Ltd. has a 1-year low of $13.63 and a 1-year high of $18.48. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 25.35 and a beta of 0.57. The firm’s 50 day moving average price is $18.23 and its 200-day moving average price is $17.33.

OneBeacon Insurance Group (NYSE:OB) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.15 by $0.24. The firm had revenue of $294 million for the quarter, compared to analysts’ expectations of $295.10 million. OneBeacon Insurance Group had a return on equity of 5.17% and a net margin of 5.88%. Equities research analysts expect that OneBeacon Insurance Group, Ltd. will post $0.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Friday, September 8th will be issued a $0.21 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.61%. OneBeacon Insurance Group’s dividend payout ratio is presently 115.07%.

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OB has been the topic of several research analyst reports. BidaskClub raised OneBeacon Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research cut OneBeacon Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, August 25th.

In other news, insider Paul H. Mcdonough sold 4,000 shares of OneBeacon Insurance Group stock in a transaction 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 transaction, the insider now directly owns 53,627 shares in the company, valued at approximately $976,547.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick A. Thiele sold 20,146 shares of OneBeacon Insurance Group stock in a transaction on Monday, August 7th. The shares were sold at an average price of $18.16, for a total value of $365,851.36. The disclosure for this sale can be found here. Insiders sold a total of 34,146 shares of company stock worth $620,291 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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Institutional Ownership by Quarter for OneBeacon Insurance Group (NYSE:OB)

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