Shares of OneBeacon Insurance Group Ltd. (NYSE:OB) have been given a consensus broker rating score of 3.50 (Sell) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a sell rating and one has issued a hold rating on the company.
Brokerages have set a 1-year consensus target price of $12.00 for the company and are forecasting that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also assigned OneBeacon Insurance Group an industry rank of 163 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of OneBeacon Insurance Group from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research report on Saturday, November 5th.
Shares of OneBeacon Insurance Group (NYSE:OB) remained flat at $15.64 during mid-day trading on Friday. The company had a trading volume of 8,381 shares. The company has a market cap of $1.48 billion, a PE ratio of 12.16 and a beta of 0.56. The company’s 50 day moving average is $14.71 and its 200-day moving average is $14.01. OneBeacon Insurance Group has a 12 month low of $11.68 and a 12 month high of $16.09.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Friday, December 9th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend is Wednesday, December 7th. OneBeacon Insurance Group’s dividend payout ratio is 65.12%.
Hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. raised its stake in shares of OneBeacon Insurance Group by 9.7% in the third quarter. D.A. Davidson & CO. now owns 10,623 shares of the company’s stock valued at $151,000 after buying an additional 940 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of OneBeacon Insurance Group by 3.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 764,842 shares of the company’s stock valued at $10,922,000 after buying an additional 28,700 shares in the last quarter. NFC Investments LLC raised its stake in shares of OneBeacon Insurance Group by 1.2% in the third quarter. NFC Investments LLC now owns 84,575 shares of the company’s stock valued at $1,208,000 after buying an additional 1,000 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of OneBeacon Insurance Group during the third quarter valued at approximately $252,000. Finally, HighTower Advisors LLC raised its stake in shares of OneBeacon Insurance Group by 1.2% in the third quarter. HighTower Advisors LLC now owns 29,380 shares of the company’s stock valued at $418,000 after buying an additional 361 shares in the last quarter. 17.84% of the stock is currently owned by institutional investors and hedge funds.
OneBeacon Insurance Group Company Profile
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.