The Deprince Race & Zollo Inc. Increases Stake in OneBeacon Insurance Group, Ltd. (OB)

The Deprince Race & Zollo Inc. Increases Stake in OneBeacon Insurance Group, Ltd. (OB)

Other institutional investors have also recently bought and sold shares of the company. Two Sigma Investments LP increased its position in OneBeacon Insurance Group by 18.3% in the fourth quarter. Two Sigma Investments LP now owns 67,103 shares of the financial services provider’s stock valued at $1,077,000 after buying an additional 10,369 shares during the last quarter. GSA Capital Partners LLP increased its position in OneBeacon Insurance Group by 14.7% in the fourth quarter. GSA Capital Partners LLP now owns 40,300 shares of the financial services provider’s stock valued at $647,000 after buying an additional 5,165 shares during the last quarter. Renaissance Technologies LLC increased its position in OneBeacon Insurance Group by 16.3% in the fourth quarter. Renaissance Technologies LLC now owns 436,700 shares of the financial services provider’s stock valued at $7,009,000 after buying an additional 61,100 shares during the last quarter. Trexquant Investment LP purchased a new position in OneBeacon Insurance Group during the fourth quarter valued at approximately $258,000. Finally, Martingale Asset Management L P increased its position in OneBeacon Insurance Group by 7.0% in the fourth quarter. Martingale Asset Management L P now owns 94,229 shares of the financial services provider’s stock valued at $1,513,000 after buying an additional 6,200 shares during the last quarter. Institutional investors and hedge funds own 18.44% of the company’s stock.

Deprince Race & Zollo Inc. boosted its stake in shares of OneBeacon Insurance Group, Ltd. (NYSE:OB) by 162.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,136,063 shares of the financial services provider’s stock after buying an additional 703,927 shares during the period. Deprince Race & Zollo Inc. owned approximately 1.20% of OneBeacon Insurance Group worth $18,177,000 as of its most recent SEC filing.

OneBeacon Insurance Group, Ltd. (NYSE OB) traded down 0.05% on Friday, hitting $18.34. 285,522 shares of the stock traded hands. OneBeacon Insurance Group, Ltd. has a 52-week low of $12.66 and a 52-week high of $18.48. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 18.70 and a beta of 0.62. The company’s 50 day moving average price is $17.51 and its 200-day moving average price is $16.25.

OneBeacon Insurance Group (NYSE:OB) last announced its quarterly earnings results on Tuesday, May 2nd. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.06. OneBeacon Insurance Group had a net margin of 9.03% and a return on equity of 8.07%. The firm had revenue of $277.40 million for the quarter, compared to the consensus estimate of $293.60 million. On average, analysts forecast that OneBeacon Insurance Group, Ltd. will post $0.65 earnings per share for the current fiscal year. The company also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Friday, June 9th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Wednesday, June 7th. OneBeacon Insurance Group’s dividend payout ratio (DPR) is presently 73.68%.

OneBeacon Insurance Group (NYSE:OB) last announced its quarterly earnings results on Tuesday, May 2nd. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.06. OneBeacon Insurance Group had a net margin of 9.03% and a return on equity of 8.07%. The firm had revenue of $277.40 million for the quarter, compared to the consensus estimate of $293.60 million. On average, analysts forecast that OneBeacon Insurance Group, Ltd. will post $0.65 earnings per share for the current fiscal year. OB has been the topic of a number of analyst reports. TheStreet raised shares of OneBeacon Insurance Group from a “c+” rating to a “b-” rating in a report on Wednesday, April 26th. Zacks Investment Research cut shares of OneBeacon Insurance Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th.

In other OneBeacon Insurance Group news, CEO T Michael Miller sold 30,000 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $18.29, for a total transaction of $548,700.00. Following the transaction, the chief executive officer now directly owns 221,527 shares of the company’s stock, valued at $4,051,728.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lowndes Andrew Smith sold 10,000 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $18.31, for a total transaction of $183,100.00. Following the transaction, the director now directly owns 34,664 shares in the company, valued at $634,697.84. The disclosure for this sale can be found here. Insiders have sold 60,000 shares of company stock worth $1,096,800 over the last three months. 76.80% of the stock is currently owned by insiders. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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