Deprince Race & Zollo Inc. purchased a new position in OneBeacon Insurance Group Ltd. (NYSE:OB) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 398,383 shares of the company’s stock, valued at approximately $5,689,000. Deprince Race & Zollo Inc. owned 0.42% of OneBeacon Insurance Group as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the company. BlackRock Group LTD boosted its stake in OneBeacon Insurance Group by 28.4% in the second quarter. BlackRock Group LTD now owns 10,006 shares of the company’s stock valued at $138,000 after buying an additional 2,213 shares in the last quarter. Nwam LLC acquired a new stake in OneBeacon Insurance Group during the third quarter valued at about $144,000. First Quadrant L P CA acquired a new stake in OneBeacon Insurance Group during the third quarter valued at about $155,000. Sei Investments Co. boosted its stake in OneBeacon Insurance Group by 79.6% in the second quarter. Sei Investments Co. now owns 11,479 shares of the company’s stock valued at $159,000 after buying an additional 5,089 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in 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. Institutional investors and hedge funds own 17.84% of the company’s stock.
Shares of OneBeacon Insurance Group Ltd. (NYSE:OB) traded up 0.38% during trading on Friday, reaching $15.70. The company had a trading volume of 13,643 shares. The stock’s 50-day moving average price is $14.71 and its 200-day moving average price is $14.01. OneBeacon Insurance Group Ltd. has a 52 week low of $11.68 and a 52 week high of $16.09. The company has a market capitalization of $1.48 billion, a PE ratio of 12.21 and a beta of 0.56.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Friday, December 9th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, December 7th. This represents a $0.84 dividend on an annualized basis and a yield of 5.35%. OneBeacon Insurance Group’s dividend payout ratio is currently 65.12%.
Separately, Zacks Investment Research lowered OneBeacon Insurance Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd.
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.
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