Tyrus Capital S.A.M. purchased a new stake in shares of OneBeacon Insurance Group, Ltd. (NYSE:OB) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 51,479 shares of the financial services provider’s stock, valued at approximately $938,000. Tyrus Capital S.A.M. owned 0.05% of OneBeacon Insurance Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of OB. FMR LLC grew its position in OneBeacon Insurance Group by 1,566.6% during the second quarter. FMR LLC now owns 1,871,885 shares of the financial services provider’s stock valued at $34,124,000 after buying an additional 1,759,570 shares during the period. Renaissance Technologies LLC lifted its holdings in OneBeacon Insurance Group by 47.5% during the second quarter. Renaissance Technologies LLC now owns 666,700 shares of the financial services provider’s stock valued at $12,154,000 after purchasing an additional 214,600 shares during the last quarter. Kassirer Asset Management Corp purchased a new stake in OneBeacon Insurance Group during the second quarter valued at about $3,431,000. K2 Principal Fund L.P. purchased a new stake in OneBeacon Insurance Group during the second quarter valued at about $2,762,000. Finally, Dupont Capital Management Corp purchased a new stake in OneBeacon Insurance Group during the second quarter valued at about $2,620,000. Institutional investors own 17.26% of the company’s stock.

OneBeacon Insurance Group, Ltd. (OB) remained flat at $18.09 during midday trading on Friday. 280,990 shares of the stock were exchanged. The company has a 50 day moving average price of $18.13 and a 200 day moving average price of $17.65. The company has a market capitalization of $1.71 billion, a PE ratio of 25.16 and a beta of 0.57. OneBeacon Insurance Group, Ltd. has a one year low of $13.63 and a one year high of $18.48.

OneBeacon Insurance Group (NYSE:OB) last released 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). The firm had revenue of $294.00 million for the quarter, compared to the consensus estimate of $295.10 million. OneBeacon Insurance Group had a net margin of 0.10% and a negative return on equity of 0.12%. Equities research analysts anticipate that OneBeacon Insurance Group, Ltd. will post $0.45 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Friday, September 8th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.64%. OneBeacon Insurance Group’s dividend payout ratio is currently 115.07%.

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Several equities research analysts have commented on the stock. BidaskClub raised shares of OneBeacon Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Zacks Investment Research downgraded shares of OneBeacon Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, August 25th.

In other OneBeacon Insurance Group news, Director Patrick A. Thiele sold 20,146 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $18.16, for a total transaction of $365,851.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 76.60% of the company’s stock.

OneBeacon Insurance Group 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.

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

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