OneBeacon Insurance Group, Ltd. (NYSE:OB) – Analysts at Langen Mcalenn upped their Q3 2017 earnings per share estimates for shares of OneBeacon Insurance Group in a research report issued on Wednesday. Langen Mcalenn analyst R. Glasspiegel now expects that the firm will earn $0.16 per share for the quarter, up from their previous forecast of $0.15. Langen Mcalenn also issued estimates for OneBeacon Insurance Group’s FY2018 earnings at $0.75 EPS.
Separately, Zacks Investment Research upgraded shares of OneBeacon Insurance Group from a “hold” rating to a “strong-buy” rating and set a $16.00 target price for the company in a research report on Saturday, November 5th.
OneBeacon Insurance Group (NYSE:OB) traded up 1.96% during mid-day trading on Friday, hitting $16.14. 18,833 shares of the stock traded hands. The stock has a market capitalization of $1.52 billion, a PE ratio of 14.28 and a beta of 0.62. The company has a 50 day moving average price of $15.97 and a 200-day moving average price of $14.93. OneBeacon Insurance Group has a one year low of $12.04 and a one year high of $17.12.
A number of institutional investors have recently added to or reduced their stakes in OB. Russell Investments Group Ltd. bought a new position in OneBeacon Insurance Group during the fourth quarter worth about $9,654,000. Peregrine Capital Management LLC bought a new position in OneBeacon Insurance Group during the third quarter worth about $6,175,000. Deprince Race & Zollo Inc. bought a new position in OneBeacon Insurance Group during the third quarter worth about $5,689,000. Emerald Acquisition Ltd. boosted its position in OneBeacon Insurance Group by 52.1% in the third quarter. Emerald Acquisition Ltd. now owns 685,639 shares of the company’s stock worth $9,791,000 after buying an additional 234,721 shares in the last quarter. Finally, State Street Corp boosted its position in OneBeacon Insurance Group by 15.7% in the fourth quarter. State Street Corp now owns 433,705 shares of the company’s stock worth $6,960,000 after buying an additional 58,753 shares in the last quarter. Institutional investors and hedge funds own 18.60% of the company’s stock.
About OneBeacon Insurance Group
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.