GSA Capital Partners LLP acquired a new position in shares of OneBeacon Insurance Group, Ltd. (NYSE:OB) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,644 shares of the financial services provider’s stock, valued at approximately $376,000. GSA Capital Partners LLP owned 0.09% of OneBeacon Insurance Group at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in OneBeacon Insurance Group by 8.2% during the first quarter. Vanguard Group Inc. now owns 1,737,345 shares of the financial services provider’s stock worth $27,797,000 after acquiring an additional 131,864 shares during the period. Dimensional Fund Advisors LP grew its holdings in OneBeacon Insurance Group by 7.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,114,739 shares of the financial services provider’s stock worth $17,835,000 after acquiring an additional 75,362 shares during the period. Renaissance Technologies LLC grew its holdings in OneBeacon Insurance Group by 3.5% during the first quarter. Renaissance Technologies LLC now owns 452,100 shares of the financial services provider’s stock worth $7,234,000 after acquiring an additional 15,400 shares during the period. PNC Financial Services Group Inc. grew its holdings in OneBeacon Insurance Group by 0.3% during the second quarter. PNC Financial Services Group Inc. now owns 200,702 shares of the financial services provider’s stock worth $3,659,000 after acquiring an additional 649 shares during the period. Finally, Geode Capital Management LLC grew its holdings in OneBeacon Insurance Group by 3.6% during the first quarter. Geode Capital Management LLC now owns 195,253 shares of the financial services provider’s stock worth $3,124,000 after acquiring an additional 6,784 shares during the period. 17.26% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have commented on the company. BidaskClub downgraded OneBeacon Insurance Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded OneBeacon Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, August 25th.

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OneBeacon Insurance Group (NYSE:OB) last posted its earnings results on Friday, August 4th. The financial services provider reported ($0.09) EPS for the quarter, missing the consensus estimate 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 analyst estimates of $295.10 million.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Friday, September 8th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.64%. The ex-dividend date was Thursday, September 7th. OneBeacon Insurance Group’s dividend payout ratio (DPR) is presently 115.07%.

In other news, Director Patrick A. Thiele sold 20,146 shares of OneBeacon Insurance Group stock in a transaction on Monday, August 7th. The stock was sold at an average price of $18.16, for a total transaction of $365,851.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 76.60% of the stock is currently owned by company insiders.

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.

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Institutional Ownership by Quarter for OneBeacon Insurance Group (NYSE:OB)

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