White Mountains Insurance Group (NYSE:WTM) Issues Earnings Results

White Mountains Insurance Group (NYSE:WTM) released its quarterly earnings data on Thursday. The insurance provider reported $80.58 earnings per share for the quarter, beating analysts’ consensus estimates of $75.00 by $5.58, FiscalAI reports. White Mountains Insurance Group had a return on equity of 9.19% and a net margin of 28.44%.The company had revenue of $844.60 million for the quarter, compared to the consensus estimate of $570.20 million.

White Mountains Insurance Group Price Performance

WTM traded up $24.55 during midday trading on Thursday, hitting $2,136.46. The company had a trading volume of 28,925 shares, compared to its average volume of 17,624. White Mountains Insurance Group has a twelve month low of $1,648.00 and a twelve month high of $2,333.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 0.79. The firm’s 50-day simple moving average is $2,103.11 and its 200-day simple moving average is $2,150.03. The company has a market capitalization of $5.30 billion, a PE ratio of 5.25 and a beta of 0.29.

Analyst Ratings Changes

WTM has been the subject of several analyst reports. Wall Street Zen downgraded White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research report on Sunday. Weiss Ratings cut White Mountains Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded White Mountains Insurance Group to a “hold” rating in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On White Mountains Insurance Group

Large investors have recently made changes to their positions in the company. Wedbush Securities Inc. raised its stake in White Mountains Insurance Group by 2.2% in the fourth quarter. Wedbush Securities Inc. now owns 229 shares of the insurance provider’s stock valued at $476,000 after purchasing an additional 5 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its stake in White Mountains Insurance Group by 10.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 55 shares of the insurance provider’s stock worth $114,000 after buying an additional 5 shares in the last quarter. Bank of Nova Scotia grew its stake in White Mountains Insurance Group by 3.1% during the third quarter. Bank of Nova Scotia now owns 202 shares of the insurance provider’s stock worth $338,000 after buying an additional 6 shares in the last quarter. Principal Securities Inc. increased its holdings in White Mountains Insurance Group by 2.9% in the 4th quarter. Principal Securities Inc. now owns 216 shares of the insurance provider’s stock valued at $449,000 after buying an additional 6 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in White Mountains Insurance Group by 100.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 14 shares of the insurance provider’s stock valued at $29,000 after buying an additional 7 shares during the period. Institutional investors and hedge funds own 88.65% of the company’s stock.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is a Bermuda-based diversified insurance and financial services holding company organized in 1985 and headquartered in Hamilton, Bermuda. The company operates through a portfolio of insurance, reinsurance and specialty finance businesses, offering a blend of underwriting expertise and investment management to institutional clients worldwide. As a publicly traded entity on the New York Stock Exchange (NYSE: WTM), White Mountains seeks to generate long-term shareholder value by combining disciplined capital management with strategic acquisitions and organic growth initiatives.

Through its principal operating subsidiaries—most notably Sirius International Insurance Group, Ltd.