White Mountains Insurance Group, Ltd. (NYSE:WTM) – Langen Mcalenn dropped their Q3 2017 earnings estimates for shares of White Mountains Insurance Group in a report released on Wednesday. Langen Mcalenn analyst R. Glasspiegel now anticipates that the insurance provider will post earnings of ($3.41) per share for the quarter, down from their previous estimate of ($3.16). Langen Mcalenn also issued estimates for White Mountains Insurance Group’s Q4 2017 earnings at $0.34 EPS, FY2017 earnings at ($7.55) EPS, Q1 2018 earnings at $1.95 EPS, Q2 2018 earnings at $2.41 EPS, Q3 2018 earnings at $3.04 EPS, Q4 2018 earnings at $3.34 EPS and FY2018 earnings at $11.50 EPS.

Other equities analysts also recently issued reports about the stock. ValuEngine upgraded shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a report on Thursday, July 20th.

COPYRIGHT VIOLATION WARNING: This story was published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/10/06/q3-2017-earnings-forecast-for-white-mountains-insurance-group-ltd-wtm-issued-by-langen-mcalenn.html.

Shares of White Mountains Insurance Group (WTM) opened at 868.04 on Friday. White Mountains Insurance Group has a 12-month low of $815.04 and a 12-month high of $948.94. The company’s 50 day moving average is $861.50 and its 200 day moving average is $865.38. The company has a market capitalization of $3.72 billion, a P/E ratio of 37.42 and a beta of 0.53.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings data on Friday, August 4th. The insurance provider reported $2.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $1.66. The business had revenue of $18.50 million during the quarter, compared to the consensus estimate of $299.20 million. White Mountains Insurance Group had a net margin of 9.80% and a return on equity of 1.01%.

Several large investors have recently added to or reduced their stakes in the business. Burgundy Asset Management Ltd. increased its holdings in shares of White Mountains Insurance Group by 2.2% in the second quarter. Burgundy Asset Management Ltd. now owns 8,666 shares of the insurance provider’s stock valued at $7,528,000 after purchasing an additional 189 shares during the last quarter. Intl Fcstone Inc. acquired a new position in shares of White Mountains Insurance Group in the second quarter valued at $221,000. Atlanta Capital Management Co. L L C increased its holdings in shares of White Mountains Insurance Group by 4.8% in the second quarter. Atlanta Capital Management Co. L L C now owns 73,587 shares of the insurance provider’s stock valued at $63,920,000 after purchasing an additional 3,337 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of White Mountains Insurance Group in the second quarter valued at $224,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of White Mountains Insurance Group in the second quarter valued at $135,000.

White Mountains Insurance Group declared that its board has approved a stock buyback plan on Thursday, August 17th that authorizes the company to repurchase 500,000 outstanding shares. This repurchase authorization authorizes the insurance provider to purchase shares of its stock through a dutch auction. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.

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

Receive News & Ratings for White Mountains Insurance Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for White Mountains Insurance Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.