Media headlines about White Mountains Insurance Group (NYSE:WTM) have trended somewhat positive on Tuesday, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. White Mountains Insurance Group earned a news impact score of 0.22 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 47.4236707919214 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Erie Indemnity (ERIE) vs. White Mountains Insurance Group (WTM) Head-To-Head Analysis (americanbankingnews.com)
- White Mountains Insurance Group, Ltd. (WTM) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Selective Insurance Group (SIGI) versus White Mountains Insurance Group (WTM) Financial Contrast (americanbankingnews.com)
- White Mountains Insurance Group Ltd. breached its 50 day moving average in a Bearish Manner : WTM-US : December 6, 2017 (finance.yahoo.com)
White Mountains Insurance Group (WTM) traded up $3.62 during trading on Tuesday, hitting $876.52. 9,255 shares of the stock traded hands, compared to its average volume of 18,847. The company has a market capitalization of $3,255.76, a PE ratio of 80.46 and a beta of 0.53. White Mountains Insurance Group has a twelve month low of $832.10 and a twelve month high of $948.94.
White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings data on Wednesday, November 8th. The insurance provider reported $5.36 earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.41) by $8.77. The business had revenue of $16.20 million during the quarter. White Mountains Insurance Group had a net margin of 69.96% and a return on equity of 1.32%. analysts expect that White Mountains Insurance Group will post -7.55 earnings per share for the current year.
White Mountains Insurance Group announced that its Board of Directors has authorized a share buyback program on Thursday, August 17th that allows the company to buyback 500,000 shares. This buyback authorization allows the insurance provider to purchase shares of its stock through a dutch auction. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.
WTM has been the subject of several recent analyst reports. Zacks Investment Research cut shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. ValuEngine upgraded shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, September 1st.
In related news, Director Angelo Michael Frinquelli sold 100 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $875.00, for a total transaction of $87,500.00. Following the completion of the sale, the director now directly owns 1,641 shares in the company, valued at $1,435,875. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.10% of the company’s stock.
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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 HG Global/BAM and Other Operations. The HG Global/BAM segment consists of the operations of HG Global Ltd. (HG Global) and Build America Mutual Assurance Company (BAM).
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