State Street Corp Acquires 39,361 Shares of OneBeacon Insurance Group, Ltd. (NYSE:OB)

State Street Corp raised its stake in shares of OneBeacon Insurance Group, Ltd. (NYSE:OB) by 7.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 559,658 shares of the financial services provider’s stock after buying an additional 39,361 shares during the period. State Street Corp owned about 0.59% of OneBeacon Insurance Group worth $10,204,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in OneBeacon Insurance Group by 1,566.6% in the 2nd quarter. FMR LLC now owns 1,871,885 shares of the financial services provider’s stock worth $34,124,000 after buying an additional 1,759,570 shares during the last quarter. Renaissance Technologies LLC raised its position in OneBeacon Insurance Group by 47.5% in the second quarter. Renaissance Technologies LLC now owns 666,700 shares of the financial services provider’s stock valued at $12,154,000 after purchasing an additional 214,600 shares during the period. Kassirer Asset Management Corp purchased a new stake in shares of OneBeacon Insurance Group during the second quarter worth $3,431,000. K2 Principal Fund L.P. purchased a new stake in shares of OneBeacon Insurance Group during the second quarter worth $2,762,000. Finally, Dupont Capital Management Corp purchased a new stake in shares of OneBeacon Insurance Group during the second quarter worth $2,620,000. Institutional investors and hedge funds own 17.26% of the company’s stock.

OneBeacon Insurance Group, Ltd. (NYSE OB) remained flat at $$18.09 during midday trading on Wednesday. The stock had a trading volume of 280,900 shares, compared to its average volume of 166,232. OneBeacon Insurance Group, Ltd. has a 1 year low of $13.63 and a 1 year high of $18.48. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.27.

A number of analysts have recently weighed in on OB shares. BidaskClub upgraded shares of OneBeacon Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research downgraded shares of OneBeacon Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, August 25th.

COPYRIGHT VIOLATION WARNING: “State Street Corp Acquires 39,361 Shares of OneBeacon Insurance Group, Ltd. (NYSE:OB)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://ledgergazette.com/2017/12/06/state-street-corp-has-10-20-million-holdings-in-onebeacon-insurance-group-ltd-ob.html.

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.

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

Receive News & Ratings for OneBeacon Insurance Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneBeacon Insurance Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply