DF Dent & Co. Inc. reduced its position in shares of OneBeacon Insurance Group, Ltd. (NYSE:OB) by 15.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,735 shares of the financial services provider’s stock after selling 6,563 shares during the quarter. DF Dent & Co. Inc.’s holdings in OneBeacon Insurance Group were worth $670,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Oxford Asset Management bought a new stake in OneBeacon Insurance Group during the 1st quarter worth approximately $169,000. American International Group Inc. increased its stake in OneBeacon Insurance Group by 7.1% during the 1st quarter. American International Group Inc. now owns 12,288 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 819 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in OneBeacon Insurance Group during the 2nd quarter worth approximately $199,000. Numeric Investors LLC bought a new stake in OneBeacon Insurance Group during the 2nd quarter worth approximately $232,000. Finally, Gamco Investors INC. ET AL bought a new stake in OneBeacon Insurance Group during the 2nd quarter worth approximately $235,000. 17.26% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on the company. Zacks Investment Research cut OneBeacon Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. BidaskClub downgraded OneBeacon Insurance Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th.
In other OneBeacon Insurance Group news, Director Patrick A. Thiele sold 20,146 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $18.16, for a total value of $365,851.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 76.60% of the stock is owned by insiders.
OneBeacon Insurance Group (NYSE:OB) last announced its earnings results on Friday, August 4th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.24). The company had revenue of $294.00 million for the quarter, compared to analysts’ expectations of $295.10 million. OneBeacon Insurance Group had a net margin of 0.10% and a negative return on equity of 0.12%.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Friday, September 8th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, September 7th. This represents a $0.84 annualized dividend and a dividend yield of 4.64%. OneBeacon Insurance Group’s payout ratio is 115.07%.
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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