Cetera Investment Advisers Purchases New Stake in OneBeacon Insurance Group, Ltd. (OB)
Cetera Investment Advisers purchased a new position in shares of OneBeacon Insurance Group, Ltd. (NYSE:OB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,000 shares of the financial services provider’s stock, valued at approximately $219,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American International Group Inc. lifted its position in OneBeacon Insurance Group by 7.1% in the 1st quarter. American International Group Inc. now owns 12,288 shares of the financial services provider’s stock valued at $197,000 after acquiring an additional 819 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in OneBeacon Insurance Group in the 2nd quarter valued at $199,000. Numeric Investors LLC bought a new stake in OneBeacon Insurance Group in the 2nd quarter valued at $232,000. Gamco Investors INC. ET AL bought a new stake in OneBeacon Insurance Group in the 2nd quarter valued at $235,000. Finally, The Manufacturers Life Insurance Company lifted its position in OneBeacon Insurance Group by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,746 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 331 shares in the last quarter. 17.26% of the stock is currently owned by institutional investors.
In other OneBeacon Insurance Group news, Director Patrick A. Thiele sold 20,146 shares of the firm’s 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 76.60% of the stock is currently owned by company insiders.
OneBeacon Insurance Group (NYSE:OB) last released its quarterly earnings data 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 0.10% and a negative return on equity of 0.12%. The business had revenue of $294.00 million during the quarter, compared to the consensus estimate of $295.10 million.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Friday, September 8th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date was Thursday, September 7th. OneBeacon Insurance Group’s dividend payout ratio (DPR) is 115.07%.
OB has been the topic of several research reports. BidaskClub cut shares of OneBeacon Insurance Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research cut shares of OneBeacon Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, August 25th.
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.
Want to see what other hedge funds are holding OB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OneBeacon Insurance Group, Ltd. (NYSE:OB).
Receive News & Stock Ratings for OneBeacon Insurance Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneBeacon Insurance Group Ltd. and related stocks with our FREE daily email newsletter.