Bearish Two Hundred Day Moving Average Cross - IPCC Monday, December 19, 4:38 PM ET, by Market News Video Staff In trading on Monday, shares of Infinity Property & Casualty Corp (IPCC) crossed below their ...
In trading on Wednesday, shares of OneBeacon Insurance Group Ltd (NYSE:OB) crossed below their last reported book value — defined as common shareholder equity per share — of $13.25, changing hands as low as $13.04 per share. OneBeacon Insurance Group Ltd shares are currently trading down about 2.1% on the day. The chart below shows the one year performance of OB shares, versus its 50 and 200 day moving averages:
Looking at the chart above, OB's low point in its 52 week range is $12.80 per share, with $16.63 as the 52 week high point — that compares with a last trade of $13.26.
OB operates in the Insurance Brokers sector, among companies like American Safety Insurance Holdings Ltd (NYSE:ASI) which is down about 3% today, and Universal Insurance Holdings Inc (AMEX:UVE) trading lower by about 1.8%. Below is a three month price history chart comparing the stock performance of OB, versus ASI and UVE.
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