White Mountains Insurance Group (NYSE:WTM) declared that its Board of Directors has approved a share repurchase plan, which permits the company to repurchase 500,000 shares on Thursday, August 17th, EventVestor reports. This repurchase authorization permits the insurance provider to purchase shares of its stock through a dutch auction. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Shares of White Mountains Insurance Group (NYSE WTM) traded up 1.69% on Thursday, hitting $865.05. The company had a trading volume of 13,647 shares. The company has a market capitalization of $3.70 billion, a P/E ratio of 37.29 and a beta of 0.52. The firm has a 50-day moving average price of $859.61 and a 200 day moving average price of $878.58. White Mountains Insurance Group has a 12-month low of $805.10 and a 12-month high of $948.94.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings data on Friday, August 4th. The insurance provider reported $2.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $1.66. The firm had revenue of $18.50 million during the quarter, compared to analysts’ expectations of $299.20 million. White Mountains Insurance Group had a return on equity of 1.01% and a net margin of 9.80%. Equities analysts expect that White Mountains Insurance Group will post ($10.75) EPS for the current year.

A number of brokerages recently commented on WTM. Zacks Investment Research upgraded White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. ValuEngine upgraded White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th.

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White Mountains Insurance Group Company Profile

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.

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