White Mountains Insurance Group (NYSE:WTM) Releases Quarterly Earnings Results, Beats Estimates By $35.65 EPS

White Mountains Insurance Group (NYSE:WTM) announced its quarterly earnings results on Thursday. The insurance provider reported $38.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $35.65, Zacks reports. White Mountains Insurance Group had a net margin of 29.29% and a return on equity of 5.11%. The company had revenue of $641.10 million for the quarter, compared to analysts’ expectations of $934.41 million.

White Mountains Insurance Group Stock Down 2.2%

WTM traded down $49.86 during midday trading on Friday, reaching $2,244.30. The company’s stock had a trading volume of 28,831 shares, compared to its average volume of 19,795. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 5.11 and a beta of 0.28. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.15. White Mountains Insurance Group has a 1 year low of $1,870.00 and a 1 year high of $2,378.94. The stock’s 50-day moving average is $2,117.92 and its 200-day moving average is $2,141.12.

Analyst Upgrades and Downgrades

WTM has been the subject of a number of research analyst reports. Weiss Ratings upgraded White Mountains Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Wall Street Zen cut White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is a Bermuda-based holding company that owns and manages businesses in the property and casualty insurance, reinsurance, insurance services and asset management sectors. Rather than operating as a single traditional insurer, the company invests in and supports a portfolio of specialty businesses.

Its insurance-related operations have included specialty insurance and reinsurance platforms serving commercial and personal lines, program administrators, and municipal bond insurance.