White Mountains Insurance Group (NYSE:WTM) Posts Earnings Results, Beats Expectations By $5.58 EPS

White Mountains Insurance Group (NYSE:WTM) posted its quarterly earnings data on Thursday. The insurance provider reported $80.58 earnings per share for the quarter, beating the consensus estimate of $75.00 by $5.58, FiscalAI reports. The business had revenue of $844.60 million during the quarter, compared to the consensus estimate of $570.20 million. White Mountains Insurance Group had a return on equity of 9.19% and a net margin of 28.44%.

White Mountains Insurance Group Price Performance

WTM stock traded up $24.55 on Thursday, reaching $2,136.46. The company had a trading volume of 28,925 shares, compared to its average volume of 18,959. The company’s fifty day moving average is $2,102.07 and its 200 day moving average is $2,149.48. The company has a market cap of $5.30 billion, a P/E ratio of 5.25 and a beta of 0.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 0.79. White Mountains Insurance Group has a 1 year low of $1,648.00 and a 1 year high of $2,333.00.

Wall Street Analysts Forecast Growth

WTM has been the topic of a number of recent research reports. Weiss Ratings lowered shares of White Mountains Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. Wall Street Zen downgraded White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Sunday. Finally, Zacks Research upgraded shares of White Mountains Insurance Group to a “hold” rating in a research report on Wednesday, May 27th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, White Mountains Insurance Group currently has an average rating of “Hold”.

Institutional Trading of White Mountains Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its position in White Mountains Insurance Group by 100.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 14 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 7 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of White Mountains Insurance Group by 325.0% during the 1st 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. Brown Brothers Harriman & Co. purchased a new stake in shares of White Mountains Insurance Group during the fourth quarter worth about $39,000. Quarry LP acquired a new position in shares of White Mountains Insurance Group in the third quarter valued at approximately $52,000. Finally, Advisory Services Network LLC purchased a new position in shares of White Mountains Insurance Group during the third quarter valued at approximately $75,000. 88.65% 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 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.