Zacks: White Mountains Insurance Group Ltd. (WTM) Receives Average Recommendation of “Hold” from Brokerages
Shares of White Mountains Insurance Group Ltd. (NYSE:WTM) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Zacks has also assigned White Mountains Insurance Group an industry rank of 197 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded White Mountains Insurance Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 14th.
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In other news, insider Jess Brian Palmer sold 1,370 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $820.89, for a total value of $1,124,619.30. Following the completion of the sale, the insider now owns 2,031 shares in the company, valued at $1,667,227.59. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.30% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of WTM. FMR LLC raised its stake in White Mountains Insurance Group by 0.5% in the second quarter. FMR LLC now owns 402 shares of the company’s stock worth $338,000 after buying an additional 2 shares during the period. Legal & General Group Plc raised its stake in White Mountains Insurance Group by 1.6% in the second quarter. Legal & General Group Plc now owns 249 shares of the company’s stock worth $210,000 after buying an additional 4 shares during the period. Creative Planning raised its stake in White Mountains Insurance Group by 0.5% in the third quarter. Creative Planning now owns 1,347 shares of the company’s stock worth $1,118,000 after buying an additional 7 shares during the period. Calvert Investment Management Inc. raised its stake in White Mountains Insurance Group by 2.8% in the second quarter. Calvert Investment Management Inc. now owns 327 shares of the company’s stock worth $275,000 after buying an additional 9 shares during the period. Finally, CENTRAL TRUST Co raised its stake in White Mountains Insurance Group by 10.4% in the second quarter. CENTRAL TRUST Co now owns 127 shares of the company’s stock worth $107,000 after buying an additional 12 shares during the period. Institutional investors and hedge funds own 84.40% of the company’s stock.
Shares of White Mountains Insurance Group (NYSE:WTM) traded down 0.37% during midday trading on Monday, reaching $842.78. The company’s stock had a trading volume of 2,055 shares. White Mountains Insurance Group has a 1-year low of $689.31 and a 1-year high of $852.58. The company’s 50-day moving average price is $825.80 and its 200 day moving average price is $820.23. The firm has a market capitalization of $4.10 billion, a PE ratio of 8.31 and a beta of 0.45.
White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($8.93) EPS for the quarter, missing analysts’ consensus estimates of $1.48 by $10.41. White Mountains Insurance Group had a negative return on equity of 0.62% and a net margin of 31.31%. On average, equities research analysts forecast that White Mountains Insurance Group will post ($5.00) earnings per share for the current year.
White Mountains Insurance Group Company Profile
White Mountains Insurance Group, Ltd. is an insurance holding company. The Company’s segments include OneBeacon, HG Global/BAM and Other Operations. Its principal businesses are conducted through its insurance, reinsurance and insurance services subsidiaries and affiliates. Its OneBeacon segment consists of OneBeacon Insurance Group, Ltd., which owns a family of property and casualty insurance companies (collectively, OneBeacon).
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