Brokerages Anticipate White Mountains Insurance Group Ltd (WTM) to Post $0.34 EPS

Wall Street analysts predict that White Mountains Insurance Group Ltd (NYSE:WTM) will post earnings of $0.34 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for White Mountains Insurance Group’s earnings. White Mountains Insurance Group posted earnings of $4.70 per share during the same quarter last year, which suggests a negative year over year growth rate of 92.8%. The business is expected to report its next quarterly earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that White Mountains Insurance Group will report full year earnings of ($7.55) per share for the current financial year. For the next fiscal year, analysts anticipate that the company will report earnings of $11.50 per share. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for White Mountains Insurance Group.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings results on Wednesday, November 8th. The insurance provider reported $5.36 EPS for the quarter, beating the Zacks’ consensus estimate of ($3.41) by $8.77. White Mountains Insurance Group had a net margin of 69.96% and a return on equity of 1.32%. The business had revenue of $16.20 million for the quarter.

Separately, Zacks Investment Research lowered shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th.

In other White Mountains Insurance Group news, Director Morgan W. Davis sold 350 shares of the stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $846.21, for a total transaction of $296,173.50. Following the transaction, the director now owns 20,790 shares in the company, valued at approximately $17,592,705.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Angelo Michael Frinquelli sold 100 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $875.00, for a total transaction of $87,500.00. Following the transaction, the director now owns 1,641 shares in the company, valued at approximately $1,435,875. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

Several large investors have recently made changes to their positions in WTM. Schwab Charles Investment Management Inc. grew its position in shares of White Mountains Insurance Group by 2.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 21,499 shares of the insurance provider’s stock worth $18,675,000 after purchasing an additional 549 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of White Mountains Insurance Group by 66.7% during the 2nd quarter. SG Americas Securities LLC now owns 290 shares of the insurance provider’s stock worth $252,000 after acquiring an additional 116 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of White Mountains Insurance Group by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,917 shares of the insurance provider’s stock worth $14,695,000 after acquiring an additional 335 shares during the period. Legal & General Group Plc lifted its holdings in shares of White Mountains Insurance Group by 30.1% during the 2nd quarter. Legal & General Group Plc now owns 2,157 shares of the insurance provider’s stock worth $1,874,000 after acquiring an additional 499 shares during the period. Finally, Marshall Wace North America L.P. bought a new stake in shares of White Mountains Insurance Group during the 2nd quarter worth approximately $228,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Shares of White Mountains Insurance Group (NYSE WTM) traded down $0.38 on Monday, reaching $840.62. 25,300 shares of the company were exchanged, compared to its average volume of 17,914. White Mountains Insurance Group has a twelve month low of $835.70 and a twelve month high of $948.94. The firm has a market cap of $3,150.00, a price-to-earnings ratio of 464.43 and a beta of 0.53.

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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 HG Global/BAM and Other Operations. The HG Global/BAM segment consists of the operations of HG Global Ltd. (HG Global) and Build America Mutual Assurance Company (BAM).

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