Zacks Investment Research upgraded shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) from a sell rating to a hold rating in a research report report published on Thursday, July 20th.
According to Zacks, “White Mountains Insurance Group, Ltd. is engaged in the business of property and casualty insurance and reinsurance. “
Separately, ValuEngine upgraded shares of White Mountains Insurance Group from a sell rating to a hold rating in a research report on Tuesday, June 6th.
Shares of White Mountains Insurance Group (NYSE WTM) traded up 1.6635% during midday trading on Thursday, hitting $864.8003. 29,635 shares of the stock were exchanged. White Mountains Insurance Group has a 12 month low of $805.10 and a 12 month high of $948.94. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 37.2839 and a beta of 0.52. The firm’s 50-day moving average is $859.61 and its 200-day moving average is $878.58.
White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings results on Friday, August 4th. The insurance provider reported $2.78 EPS for the quarter, beating the consensus estimate of $1.12 by $1.66. White Mountains Insurance Group had a net margin of 9.80% and a return on equity of 1.01%. The firm had revenue of $18.50 million during the quarter, compared to the consensus estimate of $299.20 million. Equities research analysts predict that White Mountains Insurance Group will post ($10.75) earnings per share for the current year.
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White Mountains Insurance Group announced that its Board of Directors has approved a share buyback plan on Thursday, August 17th that allows the company to repurchase 500,000 outstanding shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through a dutch auction. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.
A number of large investors have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado boosted its stake in White Mountains Insurance Group by 2.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 137 shares of the insurance provider’s stock valued at $119,000 after buying an additional 3 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in White Mountains Insurance Group by 0.8% in the second quarter. Teacher Retirement System of Texas now owns 366 shares of the insurance provider’s stock valued at $318,000 after buying an additional 3 shares in the last quarter. Royal Bank of Canada boosted its stake in White Mountains Insurance Group by 6.1% in the second quarter. Royal Bank of Canada now owns 330 shares of the insurance provider’s stock valued at $286,000 after buying an additional 19 shares in the last quarter. Amalgamated Bank boosted its stake in White Mountains Insurance Group by 3.4% in the first quarter. Amalgamated Bank now owns 609 shares of the insurance provider’s stock valued at $536,000 after buying an additional 20 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in White Mountains Insurance Group by 15.2% in the first quarter. SG Americas Securities LLC now owns 174 shares of the insurance provider’s stock valued at $153,000 after buying an additional 23 shares in the last quarter. 87.42% of the stock is currently owned by hedge funds and other institutional investors.
About White Mountains Insurance Group
White Mountains Insurance Group, Ltd. is a holding company. The Company’s principal businesses are conducted through its insurance subsidiaries and other affiliates. Its segments include OneBeacon, HG Global/BAM and Other Operations. The OneBeacon segment consists of the operations of OneBeacon Insurance Group, Ltd.
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