White Mountains Insurance Group, Ltd. (NYSE:WTM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.

According to Zacks, “White Mountains Insurance Group, Ltd. is engaged in the business of property and casualty insurance and reinsurance. “

Separately, ValuEngine upgraded shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday, September 1st.

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

White Mountains Insurance Group announced that its Board of Directors has authorized a stock repurchase program on Thursday, August 17th that allows the company to repurchase 500,000 outstanding shares. This repurchase authorization allows the insurance provider to reacquire shares of its stock through a dutch auction. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Burgundy Asset Management Ltd. increased its position in 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 worth $7,528,000 after purchasing an additional 189 shares during the last quarter. Intl Fcstone Inc. purchased a new position in White Mountains Insurance Group during the second quarter worth $221,000. Atlanta Capital Management Co. L L C boosted its stake in White Mountains Insurance Group by 4.8% during the second quarter. Atlanta Capital Management Co. L L C now owns 73,587 shares of the insurance provider’s stock worth $63,920,000 after buying an additional 3,337 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in White Mountains Insurance Group during the second quarter worth $224,000. Finally, The Manufacturers Life Insurance Company purchased a new position in White Mountains Insurance Group during the second quarter worth $135,000.

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.

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