White Mountains Insurance Group Downgraded to Neutral at Janney Montgomery Scott (WTM)
White Mountains Insurance Group (NYSE:WTM) was downgraded by analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on WTM. Analysts at Zacks downgraded shares of White Mountains Insurance Group from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $609.80 price target on the stock.
Shares of White Mountains Insurance Group (NYSE:WTM) opened at 600.86 on Friday. White Mountains Insurance Group has a 1-year low of $515.03 and a 1-year high of $615.88. The stock’s 50-day moving average is $597.8 and its 200-day moving average is $584.3. The company has a market cap of $3.711 billion and a price-to-earnings ratio of 13.95.
White Mountains Insurance Group (NYSE:WTM) last announced its earnings results on Monday, October 28th. The company reported $9.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $3.78 by $5.48.
White Mountains Insurance Group, Ltd. conducts its businesses through its property and casualty insurance and reinsurance subsidiaries.
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