White Mountains Insurance Group (NYSE:WTM) Releases Quarterly Earnings Results, Beats Estimates By $35.65 EPS

White Mountains Insurance Group (NYSE:WTM) announced its quarterly earnings data on Thursday. The insurance provider reported $38.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $35.65, Zacks reports. White Mountains Insurance Group had a return on equity of 5.11% and a net margin of 29.29%. The firm had revenue of $641.10 million during the quarter, compared to analysts’ expectations of $934.41 million.

White Mountains Insurance Group Stock Performance

Shares of WTM traded down $49.86 during mid-day trading on Friday, reaching $2,244.30. The company had a trading volume of 28,831 shares, compared to its average volume of 19,795. White Mountains Insurance Group has a 52-week low of $1,870.00 and a 52-week high of $2,378.94. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $5.36 billion, a P/E ratio of 5.11 and a beta of 0.28. The stock has a 50 day moving average of $2,117.92 and a two-hundred day moving average of $2,141.12.

Wall Street Analysts Forecast Growth

WTM has been the topic of several research reports. Weiss Ratings upgraded shares of 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 shares of White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About White Mountains Insurance Group

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.