White Mountains Insurance Group (NYSE:WTM) Issues Quarterly Earnings Results

White Mountains Insurance Group (NYSE:WTM) issued its quarterly earnings data on Friday. The insurance provider reported $39.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $379.45 by ($339.68), Zacks reports. The firm had revenue of $674.40 million during the quarter. White Mountains Insurance Group had a return on equity of 7.19% and a net margin of 5.63%.

White Mountains Insurance Group Stock Up 2.8%

NYSE:WTM opened at $2,185.55 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.75 and a quick ratio of 0.75. The company’s fifty day moving average price is $2,059.73 and its 200-day moving average price is $1,917.26. White Mountains Insurance Group has a 1-year low of $1,648.00 and a 1-year high of $2,232.50. The firm has a market capitalization of $5.55 billion, a P/E ratio of 5.06 and a beta of 0.36.

Insider Activity

In other news, Director Philip A. Gelston sold 165 shares of White Mountains Insurance Group stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $2,048.51, for a total transaction of $338,004.15. Following the completion of the transaction, the director directly owned 1,568 shares of the company’s stock, valued at $3,212,063.68. The trade was a 9.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On White Mountains Insurance Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WTM. Integrated Wealth Concepts LLC lifted its holdings in White Mountains Insurance Group by 19.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 163 shares of the insurance provider’s stock worth $314,000 after buying an additional 27 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of White Mountains Insurance Group by 17.2% during the first quarter. NewEdge Advisors LLC now owns 170 shares of the insurance provider’s stock worth $327,000 after buying an additional 25 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in White Mountains Insurance Group by 54.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,259 shares of the insurance provider’s stock valued at $8,202,000 after buying an additional 1,504 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in White Mountains Insurance Group by 11.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,287 shares of the insurance provider’s stock valued at $21,737,000 after purchasing an additional 1,183 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of White Mountains Insurance Group by 101.4% in the 1st quarter. Jane Street Group LLC now owns 578 shares of the insurance provider’s stock valued at $1,113,000 after buying an additional 291 shares during the period. Institutional investors and hedge funds own 88.65% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of White Mountains Insurance Group in a research report on Monday, December 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

White Mountains Insurance Group Company Profile

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.