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

White Mountains Insurance Group (NYSE:WTM) released its quarterly earnings data on Friday. The insurance provider reported $39.77 EPS for the quarter, Zacks reports. White Mountains Insurance Group had a return on equity of 7.19% and a net margin of 5.63%.

White Mountains Insurance Group Stock Performance

WTM stock traded up $54.60 on Friday, hitting $2,181.17. The company’s stock had a trading volume of 14,233 shares, compared to its average volume of 16,748. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 40.14 and a beta of 0.36. The firm has a 50 day moving average of $2,056.51 and a two-hundred day moving average of $1,913.57. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.14. White Mountains Insurance Group has a 1 year low of $1,648.00 and a 1 year high of $2,232.50.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of White Mountains Insurance Group in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Insider Buying and Selling at White Mountains Insurance Group

In other news, Director Philip A. Gelston sold 165 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $2,048.51, for a total transaction of $338,004.15. Following the completion of the sale, the director owned 1,568 shares in the company, valued at approximately $3,212,063.68. This represents a 9.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.20% of the company’s stock.

Institutional Trading of White Mountains Insurance Group

A number of hedge funds have recently added to or reduced their stakes in WTM. Geneos Wealth Management Inc. raised its stake in shares of White Mountains Insurance Group by 325.0% during the first quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 13 shares during the last quarter. Quarry LP purchased a new stake in White Mountains Insurance Group in the 3rd quarter valued at approximately $52,000. Advisory Services Network LLC purchased a new position in shares of White Mountains Insurance Group during the 3rd quarter worth approximately $75,000. EverSource Wealth Advisors LLC lifted its holdings in shares of White Mountains Insurance Group by 230.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 43 shares of the insurance provider’s stock valued at $77,000 after buying an additional 30 shares during the period. Finally, State of Wyoming purchased a new stake in shares of White Mountains Insurance Group in the second quarter valued at approximately $136,000. 88.65% of the stock is owned by institutional investors and hedge funds.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based diversified insurance and financial services holding company organized in 1985 and headquartered in Hamilton, Bermuda. The company operates through a portfolio of insurance, reinsurance and specialty finance businesses, offering a blend of underwriting expertise and investment management to institutional clients worldwide. As a publicly traded entity on the New York Stock Exchange (NYSE: WTM), White Mountains seeks to generate long-term shareholder value by combining disciplined capital management with strategic acquisitions and organic growth initiatives.

Through its principal operating subsidiaries—most notably Sirius International Insurance Group, Ltd.