White Mountains Insurance Group, Ltd. Buyback
OLI recorded this information on 11/18/2016
Company:
White Mountains Insurance Group, Ltd.
Buyback:
WTM buyback
Share Amount Authorized:
875,000
Buyback Details:
White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that its Board of Directors authorised the Company to repurchase up to an additional 500,000 common shares, from time to time, subject to market conditions. This authorisation is in addition to the roughly 375,000 shares remaining under the Company's existing share repurchase authorization.
White Mountains Insurance Group conducts its business primarily in four areas: municipal bond insurance, specialty insurance distribution, capital solutions for asset management firms, and other operations. Co.'s municipal bond insurance business is conducted through its subsidiary HG Global Ltd. and its reinsurance subsidiary HG Re Ltd. (collectively, HG Global). HG Global funds the startup of and provides reinsurance to Build America Mutual Assurance Company, a mutual municipal bond insurance company. Co.'s specialty insurance distribution business is conducted through its subsidiary NSM Insurance HoldCo, LLC and its subsidiaries. Co. provides capital solutions for asset management firms.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: WTM Stock Forecast Based on Zacks ABR data; powered by Xignite |
