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Why OneBeacon Insurance (OB) Has A Bright Short-Term Future?
March 10, 2014

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One company that should be on your radar is OneBeacon Insurance Group, Ltd. . The stock of this property and casualty insurance provider has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.    

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For OB’s full year estimate, we have seen 2 estimates move higher in the past 30 days, compared to none moving lower. This trend has helped the consensus estimate to trend higher, going from $1.02 per share a month ago to its current level at $1.08.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, OB has seen some pretty solid trading lately, as the company has moved higher by almost 11.8% in the past month.

If OneBeacon Insurance can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put OB on your watch list for the future.           

Other top-ranked stocks worth considering in the industry include Alleghany Corporation (Y - Free Report) , American Financial Group Inc. (AFG - Free Report) and AmTrust Financial Services, Inc. (AFSI - Free Report) . All these stocks sport a Zacks Rank #1 (Strong Buy).

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