White Mountains Insurance Group Ltd. (WTM) Shares Gap Up to $824.02
White Mountains Insurance Group Ltd. (NYSE:WTM) shares gapped up prior to trading on Thursday . The stock had previously closed at $823.94, but opened at $824.02. White Mountains Insurance Group shares last traded at $825.19, with a volume of 11,305 shares trading hands.
Separately, Zacks Investment Research upgraded White Mountains Insurance Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th.
The firm has a market capitalization of $4.01 billion and a P/E ratio of 8.13. The firm’s 50-day moving average is $821.76 and its 200 day moving average is $808.24.
White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($8.93) EPS for the quarter, missing the consensus estimate of $1.48 by $10.41. Analysts anticipate that White Mountains Insurance Group Ltd. will post ($5.00) earnings per share for the current fiscal year.
In other news, insider Jess Brian Palmer sold 1,370 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $820.89, for a total value of $1,124,619.30. Following the completion of the transaction, the insider now directly owns 2,031 shares in the company, valued at $1,667,227.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
White Mountains Insurance Group, Ltd. is an insurance holding company. The Company’s segments include OneBeacon, HG Global/BAM and Other Operations. Its principal businesses are conducted through its insurance, reinsurance and insurance services subsidiaries and affiliates. Its OneBeacon segment consists of OneBeacon Insurance Group, Ltd., which owns a family of property and casualty insurance companies (collectively, OneBeacon).
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