Media headlines about OneBeacon Insurance Group (NYSE:OB) have trended positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. OneBeacon Insurance Group earned a daily sentiment score of 0.48 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 62 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Head to Head Comparison: OneBeacon Insurance Group (OB) & Erie Indemnity (ERIE) (americanbankingnews.com)
- IHS Markit Score downgrades OneBeacon Insurance Group Ltd to 30 out of 100, ranking positively in two out of three available IHS Markit categories. (finance.yahoo.com)
- OneBeacon Insurance Group, Ltd. (OB) Director Sells $365,851.36 in Stock (americanbankingnews.com)
- OneBeacon Insurance Group Ltd. – Value Analysis (NYSE:OB) : August 7, 2017 (finance.yahoo.com)
- Fmr LLC Reduces Stake in OneBeacon Insurance Group, Ltd. (OB) (bulhufas.com)
A number of research firms recently weighed in on OB. BidaskClub upgraded OneBeacon Insurance Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. TheStreet upgraded OneBeacon Insurance Group from a “c+” rating to a “b-” rating in a research note on Wednesday, April 26th.
OneBeacon Insurance Group (NYSE OB) traded down 0.22% on Friday, reaching $18.15. The company’s stock had a trading volume of 123,732 shares. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 25.24 and a beta of 0.57. The firm has a 50 day moving average of $18.23 and a 200 day moving average of $17.10. OneBeacon Insurance Group has a 12 month low of $13.63 and a 12 month high of $18.48.
OneBeacon Insurance Group (NYSE:OB) last issued its quarterly earnings data 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. OneBeacon Insurance Group had a return on equity of 5.17% and a net margin of 5.88%. The company had revenue of $294 million for the quarter, compared to the consensus estimate of $295.10 million. Analysts anticipate that OneBeacon Insurance Group will post $0.53 earnings per share for the current year.
In other OneBeacon Insurance Group news, insider Paul H. Mcdonough sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $18.21, for a total transaction of $72,840.00. Following the completion of the transaction, the insider now owns 53,627 shares in the company, valued at $976,547.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO T Michael Miller sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $18.29, for a total value of $548,700.00. Following the transaction, the chief executive officer now owns 221,527 shares of the company’s stock, valued at approximately $4,051,728.83. The disclosure for this sale can be found here. Insiders have sold 84,146 shares of company stock worth $1,534,891 over the last three months. 76.60% of the stock is currently 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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