Janney Montgomery Scott lowered shares of White Mountains Insurance Group (NYSE:WTM) from a buy rating to a neutral rating in a research report released on Friday morning, TheFlyOnTheWall.com reports.
Shares of White Mountains Insurance Group (NYSE:WTM) opened at 593.82 on Friday. White Mountains Insurance Group has a 52-week low of $523.00 and a 52-week high of $615.88. The stock’s 50-day moving average is $597.9 and its 200-day moving average is $584.5. The company has a market cap of $3.667 billion and a price-to-earnings ratio of 13.90.
White Mountains Insurance Group (NYSE:WTM) last announced its earnings results on Monday, October 28th. The company reported $9.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $3.78 by $5.48. On average, analysts predict that White Mountains Insurance Group will post $26.95 earnings per share for the current fiscal year.
A number of other firms have also recently commented on WTM. Analysts at Zacks downgraded shares of White Mountains Insurance Group from an outperform rating to a neutral rating in a research note to investors on Tuesday, December 31st. They now have a $609.80 price target on the stock.
White Mountains Insurance Group, Ltd. conducts its businesses through its property and casualty insurance and reinsurance subsidiaries.
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