OneBeacon Insurance Group, Ltd. (NYSE:OB) – Analysts at Langen Mcalenn decreased their Q1 2017 earnings estimates for shares of OneBeacon Insurance Group in a research note issued on Wednesday. Langen Mcalenn analyst R. Glasspiegel now forecasts that the firm will post earnings of $0.20 per share for the quarter, down from their previous forecast of $0.21. Langen Mcalenn also issued estimates for OneBeacon Insurance Group’s Q2 2017 earnings at $0.15 EPS, Q4 2017 earnings at $0.19 EPS, Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.17 EPS and Q4 2018 earnings at $0.20 EPS.
Separately, Zacks Investment Research raised OneBeacon Insurance Group from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a report on Saturday, November 5th.
OneBeacon Insurance Group (NYSE:OB) opened at 15.83 on Thursday. OneBeacon Insurance Group has a 1-year low of $12.04 and a 1-year high of $17.12. The firm has a market capitalization of $1.49 billion, a PE ratio of 14.01 and a beta of 0.62. The firm has a 50-day moving average price of $15.97 and a 200-day moving average price of $14.93.
OneBeacon Insurance Group (NYSE:OB) last posted its earnings results on Tuesday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. OneBeacon Insurance Group had a return on equity of 8.67% and a net margin of 9.97%.
Several large investors have recently added to or reduced their stakes in OB. Nwam LLC purchased a new stake in OneBeacon Insurance Group during the third quarter valued at $144,000. First Quadrant L P CA bought a new position in shares of OneBeacon Insurance Group during the third quarter valued at about $155,000. Nisa Investment Advisors LLC raised its position in shares of OneBeacon Insurance Group by 79.4% in the third quarter. Nisa Investment Advisors LLC now owns 11,300 shares of the company’s stock valued at $161,000 after buying an additional 5,000 shares in the last quarter. Sei Investments Co. raised its position in shares of OneBeacon Insurance Group by 45.6% in the third quarter. Sei Investments Co. now owns 16,713 shares of the company’s stock valued at $238,000 after buying an additional 5,234 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in shares of OneBeacon Insurance Group during the second quarter valued at about $269,000. 18.60% of the stock is currently owned by institutional investors.
OneBeacon Insurance Group Company Profile
OneBeacon Insurance Group, Ltd., through its subsidiaries, is a property and casualty insurance writer that offers a range of insurance products in the United States primarily through independent agencies, regional and national brokers, wholesalers and managing general agencies. The Company’s segments include Specialty Products, Specialty Industries, and Investing, Financing and Corporate.