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OneBeacon Insurance Group, Ltd. Message Board

  • snogreen snogreen Aug 2, 2012 4:12 PM Flag

    Div cut? Almost 6.9% yld

    OB hasn't acted well lately. Now at $12.22 it is trading about a 6.9% dividend. And OB now trades about 35 cents over book value. Seems a pretty reasonab;e price here. I took more at $12.22.

    I don't think OB has the money to do any special dividend this year. I pray not. Their earnings aren't barnburner and they payout almost a 7% dividend?? The real softness actually looks to me like someone expects a dividend CUT. I don't know. BUt OB now almost down to book value, and just under a 7% dividend. A ten years US Treasury yields about 1.48%. I like OB.

    With the transformation done to a bunch of specialty insurers.....policies growing, but the killer is the zero interest rate environment to all insurance company earnings. There is none to earn. I wonder if WTM wouldn't think of taking OB private ....or buying shares in open market down here. Can they buy open market? WTM owns about 80% of OB. Sometime in the next few years interest rates will rise. And when they do, insurance stocks will take off. WTM thinks long term. WTM should buy back OB shares down here. WTM get's p[aid to wait - almost 7% on their money..versus 1.48% Treasuries.....and when rates turn up, so will OB

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