White Mountains Insurance Group, Ltd. (NYSE:WTM) – Stock analysts at Langen Mcalenn dropped their Q3 2017 earnings per share (EPS) estimates for White Mountains Insurance Group in a research report issued to clients and investors on Wednesday. Langen Mcalenn analyst R. Glasspiegel now forecasts that the insurance provider will earn ($3.41) per share for the quarter, down from their prior forecast of ($3.16). Langen Mcalenn also issued estimates for White Mountains Insurance Group’s Q4 2017 earnings at $0.34 EPS, FY2017 earnings at ($7.55) EPS, Q1 2018 earnings at $1.95 EPS, Q2 2018 earnings at $2.41 EPS, Q3 2018 earnings at $3.04 EPS, Q4 2018 earnings at $3.34 EPS and FY2018 earnings at $11.50 EPS.

White Mountains Insurance Group (NYSE:WTM) last issued its quarterly earnings results on Friday, August 4th. The insurance provider reported $2.78 EPS for the quarter, topping the consensus estimate of $1.12 by $1.66. White Mountains Insurance Group had a net margin of 9.80% and a return on equity of 1.01%. The company had revenue of $18.50 million during the quarter, compared to analysts’ expectations of $299.20 million.

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A number of other research analysts have also issued reports on WTM. Zacks Investment Research upgraded shares of White Mountains Insurance Group from a “strong sell” rating to a “hold” rating in a report on Thursday, July 13th. ValuEngine raised shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday, September 1st.

Shares of White Mountains Insurance Group (NYSE WTM) opened at 866.86 on Friday. The firm has a market cap of $3.71 billion, a PE ratio of 37.37 and a beta of 0.53. The stock’s 50 day moving average is $861.55 and its 200 day moving average is $865.13. White Mountains Insurance Group has a 12 month low of $815.04 and a 12 month high of $948.94.

White Mountains Insurance Group announced that its board has authorized a share repurchase plan on Thursday, August 17th that permits the company to buyback 500,000 shares. This buyback authorization permits the insurance provider to reacquire shares of its stock through a dutch auction. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in White Mountains Insurance Group during the 1st quarter valued at approximately $114,000. Public Employees Retirement Association of Colorado increased its position in White Mountains Insurance Group by 2.2% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 137 shares of the insurance provider’s stock valued at $119,000 after purchasing an additional 3 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in White Mountains Insurance Group during the 2nd quarter valued at approximately $135,000. SG Americas Securities LLC increased its position in White Mountains Insurance Group by 15.2% during the 1st quarter. SG Americas Securities LLC now owns 174 shares of the insurance provider’s stock valued at $153,000 after purchasing an additional 23 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in White Mountains Insurance Group during the 1st quarter valued at approximately $153,000.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a holding company. The Company’s principal businesses are conducted through its insurance subsidiaries and other affiliates. Its segments include OneBeacon, HG Global/BAM and Other Operations. The OneBeacon segment consists of the operations of OneBeacon Insurance Group, Ltd.

Earnings History and Estimates for White Mountains Insurance Group (NYSE:WTM)

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