White Mountains Insurance Group (NYSE:WTM) Announces Quarterly Earnings Results

White Mountains Insurance Group (NYSE:WTM) posted its quarterly earnings data on Thursday. The insurance provider reported $72.21 EPS for the quarter, beating analysts’ consensus estimates of $57.00 by $15.21, Zacks reports. White Mountains Insurance Group had a net margin of 8.34% and a return on equity of 9.17%. The company had revenue of $864.20 million during the quarter.

White Mountains Insurance Group Stock Up 0.8%

Shares of WTM traded up $14.42 during trading hours on Friday, reaching $1,906.44. The company’s stock had a trading volume of 25,051 shares, compared to its average volume of 22,410. The company has a 50 day moving average of $1,828.20 and a two-hundred day moving average of $1,803.48. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 23.88 and a beta of 0.37. White Mountains Insurance Group has a 1-year low of $1,648.00 and a 1-year high of $2,023.00.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, White Mountains Insurance Group currently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its stake in shares of White Mountains Insurance Group by 216.7% in the second quarter. Tower Research Capital LLC TRC now owns 190 shares of the insurance provider’s stock worth $341,000 after purchasing an additional 130 shares during the period. BNP Paribas Financial Markets increased its position in White Mountains Insurance Group by 27.9% during the second quarter. BNP Paribas Financial Markets now owns 188 shares of the insurance provider’s stock worth $338,000 after acquiring an additional 41 shares during the period. Bank of Nova Scotia raised its stake in White Mountains Insurance Group by 26.5% during the 2nd quarter. Bank of Nova Scotia now owns 196 shares of the insurance provider’s stock valued at $352,000 after purchasing an additional 41 shares during the last quarter. Walleye Capital LLC bought a new stake in White Mountains Insurance Group in the 2nd quarter valued at $539,000. Finally, Cetera Investment Advisers grew its position in White Mountains Insurance Group by 3.6% in the 2nd quarter. Cetera Investment Advisers now owns 261 shares of the insurance provider’s stock worth $469,000 after purchasing an additional 9 shares during the last quarter. Institutional investors and hedge funds own 88.65% of the company’s stock.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services.