OneBeacon Insurance Group (OB) Earns Daily News Impact Rating of 0.05
Headlines about OneBeacon Insurance Group (NYSE:OB) have trended somewhat positive on Monday, Accern Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. OneBeacon Insurance Group earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.0233258085578 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
OneBeacon Insurance Group (NYSE OB) traded up 0.306% on Monday, hitting $18.045. 34,382 shares of the company traded hands. OneBeacon Insurance Group has a 12 month low of $13.63 and a 12 month high of $18.48. The stock’s 50-day moving average is $18.21 and its 200 day moving average is $17.40. The stock has a market cap of $1.71 billion, a PE ratio of 25.097 and a beta of 0.57.
OneBeacon Insurance Group (NYSE:OB) last issued its earnings results on Friday, August 4th. The financial services provider reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.24. The firm had revenue of $294 million during the quarter, compared to analysts’ expectations of $295.10 million. OneBeacon Insurance Group had a net margin of 5.88% and a return on equity of 5.17%. Equities research analysts expect that OneBeacon Insurance Group will post $0.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 8th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date is Thursday, September 7th. OneBeacon Insurance Group’s dividend payout ratio is currently 115.07%.
Several research analysts recently weighed in on the stock. BidaskClub downgraded shares of OneBeacon Insurance Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded shares of OneBeacon Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, August 25th.
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In related news, Director Patrick A. Thiele sold 20,146 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $18.16, for a total transaction of $365,851.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul H. Mcdonough sold 4,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $18.21, for a total transaction of $72,840.00. Following the sale, the insider now directly owns 53,627 shares in the company, valued at approximately $976,547.67. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,146 shares of company stock worth $620,291. 76.60% of the stock is owned by insiders.
About OneBeacon Insurance Group
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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