Zacks Downgrades White Mountains Insurance Group to Neutral (WTM)
White Mountains Insurance Group (NYSE:WTM) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday. They currently have a $637.00 price target on the stock. Zacks‘s target price points to a potential upside of 1.31% from the company’s current price.
In other White Mountains Insurance Group news, Director Kernan V. Oberting sold 100 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $621.49, for a total value of $62,149.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of White Mountains Insurance Group (NYSE:WTM) traded up 0.63% during mid-day trading on Tuesday, hitting $632.73. 5,180 shares of the company’s stock traded hands. White Mountains Insurance Group has a one year low of $555.51 and a one year high of $639.98. The stock’s 50-day moving average is $616.5 and its 200-day moving average is $596.0. The company has a market cap of $3.834 billion and a P/E ratio of 10.59.
White Mountains Insurance Group (NYSE:WTM) last announced its earnings results on Tuesday, July 29th. The company reported $15.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $8.12 by $7.41. The company had revenue of $652.80 million for the quarter, compared to the consensus estimate of $489.30 million. During the same quarter in the prior year, the company posted $9.67 earnings per share. On average, analysts predict that White Mountains Insurance Group will post $22.45 earnings per share for the current fiscal year.
White Mountains Insurance Group, Ltd. conducts its businesses through its property and casualty insurance and reinsurance subsidiaries.
To view Zacks’ full report, visit Zacks’ official website.
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