• S&P 500: 1,351.95
  • Change: 0.15%
$474.86 6.76 (+1.44%)
2/9/2012 4:00 PM

White Mountains Insurance Group, Ltd. (NYSE:WTM)

CAPS Rating: 4 out of 5

An exempted Bermuda limited liability company whose principal businesses are conducted through its property and casualty insurance and reinsurance subsidiaries and affiliates.

Current Price $474.86 Mkt Cap $3.78B
Open $0.00 P/E Ratio 32.40
Prev. Close $468.10 Div. (Yield) 1.00 (0.30%)
Daily Range $467.31 - $475.91 Volume 9,915
52-Wk Range $343.63 - $474.00 Avg. Daily Vol. 0

News & Discussion Boards

Caps

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All Players

364 Outperform
22 Underperform
 

All-Star Players

125 Outperform
3 Underperform
 

Wall Street

4 Outperform
0 Underperform
 

Top WTM Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

TMFJMo (77.22)
Submitted February 18, 2011

Just too undervalued at this point. Trading at 0.8 times book value, solid management has grown book value at 10% CAGR over the past decade. Conservative for sure, made it through the financial crisis in one piece, lots of fixed income investments.… More

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inceinc (39.79)
Submitted October 07, 2008

High P/E ratio, weak earnings growth, Buffet selling...thats enough right there.

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WTM VS S&P 500 (SPY)

Recent Community Commentary

Read the most recent pitches from players about WTM.

Recs

0
Member Avatar kcanant (99.85) Submitted: 1/10/2012 12:29:45 PM : Outperform Start Price: $444.00 WTM Score: +0.94

White Mountains is a Bermuda-domiciled financial services holding company with business interests in property and casualty insurance and reinsurance.

WTM usually trades between 1X and 1.9X book depending on where in the insurance cycle we are.
Right now (10 January 2012) book is listed as $451.42 and WTM is trading at $457. So, it's trading
towards the low end of the range based on the LISTED book value.

Here's the point:
On 18 May 2011 White Mountains announced:
White Mountains Insurance Group, Ltd. (NYSE: WTM) today announced it has signed a definitive agreement to sell its Esurance and Answer Financial businesses to The Allstate Corporation (NYSE: ALL) for an amount in cash equal to $700 million plus the tangible book value at closing of the entities being sold. Esurance sells personal auto insurance directly to customers online and through call centers. Answer Financial is one of the largest independent personal insurance agencies in the United States. White Mountains expects that the transaction will increase its adjusted book value by approximately $80 per share.
and on 7 Oct 2011 White Mountains announced that the sail had been completed.

This added book value of $80 per share hasn't been added to the listed book value yet. The current actual book value is about ($451 + $80) $531 per share. Currently WTM is trading at (457/531) .86X book value.
This is, of course, crazy. Why is it trading so low?
The annual report should come out in the end of February and they will post their book value on the handy graph on their
website:http://www.whitemountains.com/default.cfm
and the share price will rise to $531 or so.
It's a "sure thing". If anybody offers you a "sure thing" in the market, you should run (not walk) away.
That noted, I'm in on CAPS and I'm in with real $.

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Recs

0
Member Avatar WilliamCrook2003 (74.46) Submitted: 11/11/2011 7:52:34 PM : Outperform Start Price: $429.97 WTM Score: +3.17

Share price appreciation

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Recs

0
Member Avatar eksummers620 (70.83) Submitted: 9/30/2011 9:51:56 PM : Outperform Start Price: $405.51 WTM Score: -3.23

Insurance companies aren't valued correctly and this book value is too low

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View All 57 Pitches »

Leaderboard

Find the members with the highest scoring picks in WTM.

Score Leader

FromTheBottom

FromTheBottom (98.30) Score: +112.19

The Score Leader is the player with the highest score across all their picks in WTM.

Top
Pick 		Member Name Member
Rating 		Start
Date 		Call Time
Frame 		Start
Price 		Stock
Gain 		Index
Gain 		Score Commentary
FromTheBottom 98.30 3/16/2009 Outperform 5Y $163.08 +191.18% +79.00% +112.19 0 Comment
MKArch 99.29 4/7/2009 Outperform 5Y $174.02 +172.88% +66.44% +106.44 0 Comment
pinchfist 55.55 4/27/2009 Outperform 3M $182.97 +159.53% +59.51% +100.03 0 Comment
Evildoers 62.97 4/27/2009 Outperform NS $182.97 +159.53% +59.51% +100.03 0 Comment
Cab53RobertMsnG 74.62 3/18/2009 Outperform NS $172.03 +176.04% +77.04% +98.99 0 Comment
afrescue 99.53 4/17/2009 Outperform 5Y $192.73 +146.38% +56.37% +90.02 0 Comment
countrybuffett 61.96 6/4/2009 Outperform 5Y $210.12 +125.99% +45.71% +80.28 1 Comment
ArkyInvestor 98.17 6/5/2009 Outperform 5Y $211.72 +124.28% +45.18% +79.10 0 Comment
redkat103 67.20 5/12/2009 11/24/2009 Outperform 1Y $212.82 +123.13% +49.27% +73.86 0 Comment
mcaa51 78.91 5/12/2009 Outperform 5Y $212.45 +123.52% +51.73% +71.78 0 Comment
View Complete Scorecard »

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

Player Name Player
Rating		 Start
Date		 Call Time
Frame		 Start
Price		 Stock
Gain		 S&P
Gain		 Score End Date Commentary
TrackUltraLong 88.71 11/7/2011 Outperform NS $423.29 +12.18% +7.95% +4.23 1 Comment
TrackDodgeCox 93.97 3/31/2008 Outperform NS $472.06 -25.01% -13.07% -11.94 3/31/2010 @ $353.99 1 Comment
TrackWhitman < 20 9/30/2007 Outperform NS $513.20 -8.69% -14.86% +6.17 8/29/2008 @ $468.60 1 Comment
TrackSwensen 25.27 9/30/2007 Outperform NS $515.50 -0.71% -4.17% +3.46 12/31/2007 @ $511.82 1 Comment
TrackChrisDavis 89.82 9/30/2007 Outperform NS $506.98 -6.34% -7.05% +0.72 1 Comment
TrackBerkowitz 97.22 9/30/2007 Outperform NS $506.98 -6.34% -7.05% +0.72 3 Comments
TrackJHoenig < 20 10/28/2006 Outperform 3W $552.52 -14.06% +4.16% -18.21 0 Comment

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