TIAA CREF Investment Management LLC cut its position in OneBeacon Insurance Group, Ltd. (NYSE:OB) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,947 shares of the financial services provider’s stock after selling 1,032 shares during the period. TIAA CREF Investment Management LLC’s holdings in OneBeacon Insurance Group were worth $1,727,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Oxford Asset Management bought a new position in OneBeacon Insurance Group during the first quarter worth about $169,000. Nwam LLC increased its position in OneBeacon Insurance Group by 4.6% in the first quarter. Nwam LLC now owns 11,055 shares of the financial services provider’s stock worth $177,000 after buying an additional 482 shares during the last quarter. American International Group Inc. increased its position in OneBeacon Insurance Group by 7.1% in the first quarter. American International Group Inc. now owns 12,288 shares of the financial services provider’s stock worth $197,000 after buying an additional 819 shares during the last quarter. TFS Capital LLC increased its position in OneBeacon Insurance Group by 7.2% in the first quarter. TFS Capital LLC now owns 15,221 shares of the financial services provider’s stock worth $244,000 after buying an additional 1,018 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new position in OneBeacon Insurance Group during the fourth quarter worth about $508,000. 17.84% of the stock is owned by institutional investors.

OneBeacon Insurance Group, Ltd. (OB) opened at 18.21 on Thursday. The firm’s 50 day moving average is $18.23 and its 200-day moving average is $17.09. The company has a market cap of $1.73 billion, a P/E ratio of 25.33 and a beta of 0.57. OneBeacon Insurance Group, Ltd. has a 52 week low of $13.63 and a 52 week high of $18.48.

OneBeacon Insurance Group (NYSE:OB) last released its quarterly earnings data on Friday, August 4th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.24. The company had revenue of $294 million during the quarter, compared to analysts’ expectations of $295.10 million. OneBeacon Insurance Group had a net margin of 0.10% and a negative return on equity of 0.12%. On average, analysts predict that OneBeacon Insurance Group, Ltd. will post $0.53 earnings per share for the current fiscal year.

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A number of equities analysts recently issued reports on the stock. BidaskClub raised shares of OneBeacon Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. TheStreet raised shares of OneBeacon Insurance Group from a “c+” rating to a “b-” rating in a research note on Wednesday, April 26th. Finally, Zacks Investment Research downgraded shares of OneBeacon Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th.

In other news, insider Paul H. Mcdonough sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $18.21, for a total value of $72,840.00. Following the completion of the sale, the insider now owns 53,627 shares of the company’s stock, valued at approximately $976,547.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lowndes Andrew Smith sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $18.28, for a total transaction of $182,800.00. Following the completion of the sale, the director now directly owns 24,664 shares of the company’s stock, valued at approximately $450,857.92. The disclosure for this sale can be found here. Insiders sold a total of 84,146 shares of company stock valued at $1,534,891 in the last ninety days. Corporate insiders own 76.60% of the company’s stock.

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.

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

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