White Mountains Insurance Group (NYSE:WTM) Issues Earnings Results, Beats Expectations By $15.21 EPS

White Mountains Insurance Group (NYSE:WTM) released its earnings results on Thursday. The insurance provider reported $72.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $57.00 by $15.21, Zacks reports. The company had revenue of $864.20 million for the quarter. White Mountains Insurance Group had a return on equity of 9.17% and a net margin of 8.34%.

White Mountains Insurance Group Price Performance

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

Institutional Investors Weigh In On White Mountains Insurance Group

A number of large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its position in shares of White Mountains Insurance Group by 54.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,259 shares of the insurance provider’s stock worth $8,202,000 after purchasing an additional 1,504 shares during the last quarter. Tower Research Capital LLC TRC increased its position in White Mountains Insurance Group by 216.7% during the second quarter. Tower Research Capital LLC TRC now owns 190 shares of the insurance provider’s stock worth $341,000 after buying an additional 130 shares in the last quarter. 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 buying an additional 41 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of White Mountains Insurance Group by 26.5% in the second quarter. Bank of Nova Scotia now owns 196 shares of the insurance provider’s stock worth $352,000 after acquiring an additional 41 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of White Mountains Insurance Group in the second quarter valued at $539,000. 88.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised 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, According to MarketBeat.com, the company presently has an average rating of “Buy”.

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.