Somewhat Positive Media Coverage Somewhat Unlikely to Affect White Mountains Insurance Group (WTM) Stock Price
Press coverage about White Mountains Insurance Group (NYSE:WTM) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. White Mountains Insurance Group earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 46.7903513008581 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- White Mountains Insurance: Defensive Posture At A Slight Discount (seekingalpha.com)
- Arthur J. Gallagher's (AJG) Buyout to Shore Up Canadian Base (finance.yahoo.com)
- Q3 2017 Earnings Forecast for White Mountains Insurance Group, Ltd. (WTM) Issued By Langen Mcalenn (americanbankingnews.com)
- White Mountains’ 50% Stake in DavidShield to Brace Portfolio (zacks.com)
- White Mountains' 50% Stake in DavidShield to Brace Portfolio (finance.yahoo.com)
Shares of White Mountains Insurance Group (WTM) opened at 857.45 on Tuesday. White Mountains Insurance Group has a 1-year low of $815.04 and a 1-year high of $948.94. The stock has a 50 day moving average of $861.35 and a 200 day moving average of $864.58. The stock has a market cap of $3.67 billion, a PE ratio of 36.97 and a beta of 0.53.
White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings data on Friday, August 4th. The insurance provider reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $1.66. The business had revenue of $18.50 million during the quarter, compared to analyst estimates of $299.20 million. White Mountains Insurance Group had a net margin of 9.80% and a return on equity of 1.01%. Equities research analysts forecast that White Mountains Insurance Group will post ($11.35) EPS for the current year.
White Mountains Insurance Group declared that its board has authorized a share repurchase plan on Thursday, August 17th that permits the company to repurchase 500,000 shares. This repurchase authorization permits the insurance provider to reacquire shares of its stock through a dutch auction. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
Several brokerages recently issued reports on WTM. Zacks Investment Research raised shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. ValuEngine raised shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.
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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