White Mountains Insurance Group (NYSE:WTM) Issues Quarterly Earnings Results

White Mountains Insurance Group (NYSE:WTM) posted its quarterly earnings data on Thursday. The insurance provider reported ($17.71) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $641.10 million for the quarter, compared to analyst estimates of $934.41 million.

White Mountains Insurance Group Stock Performance

Shares of NYSE:WTM traded down $86.29 during midday trading on Thursday, hitting $2,290.01. The stock had a trading volume of 31,436 shares, 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 current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average price of $2,117.92 and a two-hundred day moving average price of $2,141.12. The company has a market capitalization of $5.47 billion, a PE ratio of 5.21 and a beta of 0.28.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports 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 cut White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

White Mountains Insurance Group Company Profile

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.