Revenue Update on OneBeacon Insurance Group Ltd.(NYSE:OB)

OneBeacon Insurance Group Ltd.(NYSE:OB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $309.00M. Analysts estimated a revenue of $280.80M. Earnings per share were $0.09. Analysts had estimated an EPS of $0.14.

OneBeacon Insurance Group Ltd. (OB) made into the market gainers list on Fridays trading session with the shares advancing 0.65% or 0.09 points. Due to strong positive momentum, the stock ended at $13.92, which is also near the day’s high of $13.93. The stock began the session at $13.78 and the volume stood at 35,735 shares. The 52-week high of the shares is $15.7 and the 52 week low is $11.68. The company has a current market capitalization of $1,313 M and it has 9,43,47,469 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 5, 2015, Kent D Urness (director) purchased 2,500 shares at $14.98 per share price.Also, On Mar 30, 2015, Dennis A Crosby (Executive VP) purchased 362 shares at $14.54 per share price.On Mar 27, 2015, Patrick A Thiele (director) purchased 8,000 shares at $14.49 per share price, according to the Form-4 filing with the securities and exchange commission.

OneBeacon Insurance Group Ltd. (OneBeacon) through its subsidiaries is a specialty property and casualty insurance writer that offers a range of insurance products in the United States through independent agencies regional and national brokers wholesalers and managing general agencies. The Company operates through three segments: Specialty Products Specialty Industries and Investing Financing and Corporate. The Specialty Products segment includes the Professional Insurance Tuition Reimbursement Programs Specialty Property Environmental Crop and Surety underwriting segments. The Specialty Industries segment includes the International Marine Underwriters (IMU) Technology Accident Entertainment and Government Risks underwriting segments. The Investing Financing and Corporate segment includes the investing and financing activities for OneBeacon and certain other activities conducted through the Company and its intermediate subsidiaries.

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