White Mountains Insurance Group, Ltd. (NYSE:WTM) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Separately, Zacks Investment Research raised shares of White Mountains Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 13th.

Shares of White Mountains Insurance Group (WTM) opened at 872.70 on Friday. White Mountains Insurance Group has a 12 month low of $805.10 and a 12 month high of $948.94. The firm’s 50-day moving average is $860.75 and its 200 day moving average is $875.88. The company has a market capitalization of $3.74 billion, a PE ratio of 37.62 and a beta of 0.52.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings data on Friday, August 4th. The insurance provider reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $18.50 million for the quarter, compared to analyst estimates of $299.20 million. Equities research analysts predict that White Mountains Insurance Group will post ($10.75) EPS for the current year.

White Mountains Insurance Group declared that its board has authorized a share repurchase plan on Thursday, August 17th that allows the company to repurchase 500,000 outstanding shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through a dutch auction. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors raised its position in White Mountains Insurance Group by 128.1% in the first quarter. Nationwide Fund Advisors now owns 365 shares of the insurance provider’s stock worth $321,000 after buying an additional 205 shares during the period. ProShare Advisors LLC raised its position in White Mountains Insurance Group by 9.5% in the first quarter. ProShare Advisors LLC now owns 668 shares of the insurance provider’s stock worth $588,000 after buying an additional 58 shares during the period. Glen Harbor Capital Management LLC acquired a new position in White Mountains Insurance Group during the first quarter worth $714,000. Russell Investments Group Ltd. raised its position in White Mountains Insurance Group by 7.1% in the first quarter. Russell Investments Group Ltd. now owns 10,364 shares of the insurance provider’s stock worth $9,120,000 after buying an additional 690 shares during the period. Finally, First Trust Advisors LP raised its position in White Mountains Insurance Group by 1,007.3% in the first quarter. First Trust Advisors LP now owns 15,979 shares of the insurance provider’s stock worth $14,060,000 after buying an additional 14,536 shares during the period. 88.05% of the stock is currently owned by hedge funds and other institutional investors.

About White Mountains Insurance Group

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.

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