White Mountains Insurance Group, Ltd. (WTM) Scheduled to Post Quarterly Earnings on Tuesday
White Mountains Insurance Group, Ltd. (NYSE:WTM) is set to announce its earnings results before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of ($1.50) per share for the quarter.
White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings data on Friday, August 4th. The insurance provider reported $2.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $1.66. White Mountains Insurance Group had a net margin of 9.80% and a return on equity of 1.01%. The firm had revenue of $18.50 million for the quarter, compared to the consensus estimate of $299.20 million. On average, analysts expect White Mountains Insurance Group to post $-7.55 EPS for the current fiscal year and $11.5 EPS for the next fiscal year.
White Mountains Insurance Group, Ltd. (NYSE WTM) traded up 0.14% during trading on Tuesday, hitting $889.23. 3,987 shares of the company’s stock traded hands. The company’s 50 day moving average price is $863.71 and its 200 day moving average price is $864.21. White Mountains Insurance Group, Ltd. has a 52-week low of $815.04 and a 52-week high of $948.94. The company has a market cap of $3.81 billion, a PE ratio of 38.34 and a beta of 0.53.
White Mountains Insurance Group announced that its Board of Directors has initiated a stock repurchase plan on Thursday, August 17th that allows the company to buyback 500,000 shares. This buyback authorization allows the insurance provider to purchase shares of its stock through a dutch auction. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
Several equities research analysts have recently issued reports on WTM shares. Zacks Investment Research raised White Mountains Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 13th. ValuEngine raised White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday, September 1st.
A hedge fund recently bought a new stake in White Mountains Insurance Group stock. The Manufacturers Life Insurance Company bought a new stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 155 shares of the insurance provider’s stock, valued at approximately $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 HG Global/BAM and Other Operations. The HG Global/BAM segment consists of the operations of HG Global Ltd. (HG Global) and Build America Mutual Assurance Company (BAM).
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