Zacks Investment Research upgraded shares of White Mountains Insurance Group Ltd. (NYSE:WTM) from a strong sell rating to a hold rating in a report published on Wednesday.

According to Zacks, “White Mountains Insurance Group, Ltd. is engaged in the business of property and casualty insurance and reinsurance. “

Shares of White Mountains Insurance Group (NYSE:WTM) opened at 812.08 on Wednesday. White Mountains Insurance Group has a 52 week low of $689.31 and a 52 week high of $852.58. The company has a 50-day moving average price of $823.14 and a 200 day moving average price of $813.13. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 8.01 and a beta of 0.40.

White Mountains Insurance Group (NYSE:WTM) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($8.93) EPS for the quarter, missing the consensus estimate of $1.48 by $10.41. White Mountains Insurance Group had a net margin of 31.31% and a negative return on equity of 0.62%. Analysts expect that White Mountains Insurance Group will post ($5.00) EPS for the current fiscal year.

In other news, insider Jess Brian Palmer sold 1,370 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $820.89, for a total transaction of $1,124,619.30. Following the transaction, the insider now owns 2,031 shares in the company, valued at $1,667,227.59. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 6.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in WTM. CENTRAL TRUST Co raised its position in shares of White Mountains Insurance Group by 10.4% in the second quarter. CENTRAL TRUST Co now owns 127 shares of the company’s stock worth $107,000 after buying an additional 12 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of White Mountains Insurance Group by 12.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 175 shares of the company’s stock worth $141,000 after buying an additional 19 shares during the period. Legal & General Group Plc raised its position in shares of White Mountains Insurance Group by 7.9% in the first quarter. Legal & General Group Plc now owns 245 shares of the company’s stock worth $196,000 after buying an additional 18 shares during the period. Societe Generale purchased a new position in shares of White Mountains Insurance Group during the second quarter worth $202,000. Finally, State of Alaska Department of Revenue raised its position in shares of White Mountains Insurance Group by 5.6% in the second quarter. State of Alaska Department of Revenue now owns 245 shares of the company’s stock worth $206,000 after buying an additional 13 shares during the period. Institutional investors own 84.30% of the company’s stock.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is an insurance holding company. The Company’s segments include OneBeacon, HG Global/BAM and Other Operations. Its principal businesses are conducted through its insurance, reinsurance and insurance services subsidiaries and affiliates. Its OneBeacon segment consists of OneBeacon Insurance Group, Ltd., which owns a family of property and casualty insurance companies (collectively, OneBeacon).

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