White Mountains Insurance Group, Ltd. (NYSE:WTM) – Research analysts at Langen Mcalenn reduced their Q3 2018 earnings estimates for White Mountains Insurance Group in a research note issued to investors on Friday. Langen Mcalenn analyst R. Glasspiegel now forecasts that the insurance provider will post earnings per share of $2.60 for the quarter, down from their prior forecast of $2.78.

White Mountains Insurance Group (NYSE:WTM) last released its earnings results on Friday, August 4th. The insurance provider reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $1.66. White Mountains Insurance Group had a return on equity of 1.01% and a net margin of 9.80%. The business had revenue of $18.50 million for the quarter, compared to analyst estimates of $299.20 million. COPYRIGHT VIOLATION WARNING: “Langen Mcalenn Research Analysts Cut Earnings Estimates for White Mountains Insurance Group, Ltd. (NYSE:WTM)” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/08/14/langen-mcalenn-research-analysts-cut-earnings-estimates-for-white-mountains-insurance-group-ltd-nysewtm.html.

WTM has been the topic of several other research reports. ValuEngine raised White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Zacks Investment Research raised White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th.

Shares of White Mountains Insurance Group (NYSE WTM) opened at 859.36 on Monday. The firm has a 50-day moving average price of $860.90 and a 200-day moving average price of $879.72. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 37.05 and a beta of 0.52. White Mountains Insurance Group has a 1-year low of $805.10 and a 1-year high of $948.94.

Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in White Mountains Insurance Group during the first quarter valued at about $114,000. Public Employees Retirement Association of Colorado increased its stake in White Mountains Insurance Group by 2.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 137 shares of the insurance provider’s stock valued at $119,000 after buying an additional 3 shares in the last quarter. SG Americas Securities LLC increased its stake in White Mountains Insurance Group by 15.2% in the first quarter. SG Americas Securities LLC now owns 174 shares of the insurance provider’s stock valued at $153,000 after buying an additional 23 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in White Mountains Insurance Group during the first quarter valued at about $153,000. Finally, TLP Group LLC purchased a new stake in White Mountains Insurance Group during the second quarter valued at about $174,000. 87.42% of the stock is currently owned by institutional investors and hedge funds.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is a holding company. The Company’s principal businesses are conducted through its insurance subsidiaries and other affiliates. Its segments include OneBeacon, HG Global/BAM and Other Operations. The OneBeacon segment consists of the operations of OneBeacon Insurance Group, Ltd.

Earnings History and Estimates for White Mountains Insurance Group (NYSE:WTM)

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