White Mountains Insurance Group (NYSE:WTM) Issues Quarterly Earnings Results, Beats Expectations By $5.58 EPS

Key Points

• White Mountains Insurance Group significantly exceeded quarterly expectations, reporting earnings of $80.58 per share versus the $75.00 consensus estimate. Revenue reached $844.60 million, well above analysts’ forecast of $570.20 million.
• The stock rose 1.2% to $2,136.46 following the results, with a market capitalization of approximately $5.30 billion and a P/E ratio of 5.25.
• Analyst sentiment remains cautious: the stock carries an average “Hold” rating, while Wall Street Zen downgraded it to “Sell” and Weiss Ratings lowered its view to “Hold.” Institutional investors own 88.65% of the company.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) issued its earnings results on Thursday. The insurance provider reported $80.58 earnings per share for the quarter, topping analysts' consensus estimates of $75.00 by $5.58, FiscalAI reports. The firm had revenue of $844.60 million during the quarter, compared to analyst estimates of $570.20 million. White Mountains Insurance Group had a net margin of 28.44% and a return on equity of 9.19%.

White Mountains Insurance Group Trading Up 1.2%

NYSE WTM traded up $24.55 on Thursday, hitting $2,136.46. The company's stock had a trading volume of 28,925 shares, compared to its average volume of 18,959. The firm has a market cap of $5.30 billion, a P/E ratio of 5.25 and a beta of 0.29. White Mountains Insurance Group has a 52-week low of $1,648.00 and a 52-week high of $2,333.00. The company's 50-day simple moving average is $2,102.07 and its 200 day simple moving average is $2,149.48. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WTM shares. Wall Street Zen lowered White Mountains Insurance Group from a "hold" rating to a "sell" rating in a report on Sunday. Weiss Ratings cut shares of White Mountains Insurance Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, July 29th. Finally, Zacks Research raised White Mountains Insurance Group to a "hold" rating in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".

Institutional Trading of White Mountains Insurance Group

Several large investors have recently added to or reduced their stakes in WTM. Wedbush Securities Inc. grew its holdings in shares of White Mountains Insurance Group by 2.2% in the fourth quarter. Wedbush Securities Inc. now owns 229 shares of the insurance provider's stock valued at $476,000 after purchasing an additional 5 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its stake in White Mountains Insurance Group by 10.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 55 shares of the insurance provider's stock valued at $114,000 after buying an additional 5 shares in the last quarter. Bank of Nova Scotia lifted its stake in White Mountains Insurance Group by 3.1% during the third quarter. Bank of Nova Scotia now owns 202 shares of the insurance provider's stock worth $338,000 after purchasing an additional 6 shares during the last quarter. Principal Securities Inc. lifted its stake in White Mountains Insurance Group by 2.9% during the fourth quarter. Principal Securities Inc. now owns 216 shares of the insurance provider's stock worth $449,000 after purchasing an additional 6 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in White Mountains Insurance Group by 100.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 14 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 7 shares in the last quarter. Institutional investors own 88.65% of the company's stock.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is a Bermuda-based diversified insurance and financial services holding company organized in 1985 and headquartered in Hamilton, Bermuda. The company operates through a portfolio of insurance, reinsurance and specialty finance businesses, offering a blend of underwriting expertise and investment management to institutional clients worldwide. As a publicly traded entity on the New York Stock Exchange NYSE: WTM, White Mountains seeks to generate long-term shareholder value by combining disciplined capital management with strategic acquisitions and organic growth initiatives.

Through its principal operating subsidiaries—most notably Sirius International Insurance Group, Ltd.

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