White Mountains Insurance Group (NYSE:WTM – Get Free Report) issued its quarterly earnings data on Thursday. The insurance provider reported ($17.71) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($20.21), FiscalAI reports. White Mountains Insurance Group had a return on equity of 5.11% and a net margin of 29.29%. The firm had revenue of $641.10 million for the quarter, compared to analysts’ expectations of $934.41 million.
White Mountains Insurance Group Stock Performance
NYSE:WTM traded down $86.29 during trading hours on Thursday, reaching $2,290.01. 31,436 shares of the company’s stock were exchanged, compared to its average volume of 23,279. White Mountains Insurance Group has a 1-year low of $1,870.00 and a 1-year high of $2,378.94. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 5.21 and a beta of 0.28. The company has a 50-day moving average of $2,117.92 and a 200 day moving average of $2,141.12.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on WTM shares. Weiss Ratings raised White Mountains Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Wall Street Zen downgraded White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.
Read Our Latest Report on White Mountains Insurance Group
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.
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