White Mountains Insurance Group (NYSE:WTM) Releases Earnings Results, Beats Estimates By $35.65 EPS

White Mountains Insurance Group (NYSE:WTM) issued its quarterly earnings results on Thursday. The insurance provider reported $38.15 EPS for the quarter, topping the consensus estimate of $2.50 by $35.65, Zacks reports. The company had revenue of $641.10 million during the quarter, compared to analysts’ expectations of $641.10 million. White Mountains Insurance Group had a net margin of 29.29% and a return on equity of 5.11%.

White Mountains Insurance Group Price Performance

Shares of WTM stock opened at $2,244.30 on Friday. The stock’s 50-day moving average is $2,120.24 and its 200 day moving average is $2,142.11. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $5.36 billion, a P/E ratio of 5.94 and a beta of 0.28. White Mountains Insurance Group has a 1-year low of $1,870.00 and a 1-year high of $2,378.94.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wall Street Zen downgraded shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings raised White Mountains Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is a Bermuda-based holding company that owns and manages businesses in the property and casualty insurance, reinsurance, insurance services and asset management sectors. Rather than operating as a single traditional insurer, the company invests in and supports a portfolio of specialty businesses.

Its insurance-related operations have included specialty insurance and reinsurance platforms serving commercial and personal lines, program administrators, and municipal bond insurance.