White Mountains Insurance Group (WTM) Releases Quarterly Earnings Results
White Mountains Insurance Group (NYSE:WTM) released its earnings data on Tuesday. The company reported $15.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $8.12 by $7.41, American Banking News.com reports. The company had revenue of $652.80 million for the quarter, compared to the consensus estimate of $489.30 million. During the same quarter last year, the company posted $9.67 earnings per share.
White Mountains Insurance Group (NYSE:WTM) traded up 0.36% during mid-day trading on Tuesday, hitting $616.28. The stock had a trading volume of 1,270 shares. White Mountains Insurance Group has a 52 week low of $555.51 and a 52 week high of $625.10. The stock has a 50-day moving average of $607.1 and a 200-day moving average of $592.5. The company has a market cap of $3.755 billion and a price-to-earnings ratio of 12.77.
On the ratings front, analysts at Zacks upgraded shares of White Mountains Insurance Group from a “neutral” rating to an “outperform” rating in a research note on Monday, July 7th. They now have a $611.80 price target on the stock.
White Mountains Insurance Group, Ltd. conducts its businesses through its property and casualty insurance and reinsurance subsidiaries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.