White Mountains Insurance Group (NYSE:WTM) Hits New 52-Week High – Here’s Why

Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) hit a new 52-week high on Tuesday . The company traded as high as $2,030.40 and last traded at $2,014.50, with a volume of 3456 shares changing hands. The stock had previously closed at $1,996.99.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of White Mountains Insurance Group in a report on Wednesday, November 19th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

White Mountains Insurance Group Trading Up 0.8%

The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 25.23 and a beta of 0.37. The business’s 50 day moving average price is $1,859.50 and its 200-day moving average price is $1,816.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings results on Thursday, November 6th. The insurance provider reported $72.21 EPS for the quarter, topping the consensus estimate of $57.00 by $15.21. White Mountains Insurance Group had a net margin of 8.34% and a return on equity of 9.17%. The business had revenue of $864.20 million during the quarter.

Hedge Funds Weigh In On White Mountains Insurance Group

Several large investors have recently made changes to their positions in the business. Wedbush Securities Inc. increased its stake in shares of White Mountains Insurance Group by 2.9% during the 2nd quarter. Wedbush Securities Inc. now owns 211 shares of the insurance provider’s stock worth $379,000 after purchasing an additional 6 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of White Mountains Insurance Group by 6.1% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 105 shares of the insurance provider’s stock valued at $189,000 after acquiring an additional 6 shares during the last quarter. Bank of Nova Scotia lifted its holdings in White Mountains Insurance Group by 3.1% in the 3rd quarter. Bank of Nova Scotia now owns 202 shares of the insurance provider’s stock worth $338,000 after purchasing an additional 6 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in White Mountains Insurance Group by 3.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 240 shares of the insurance provider’s stock valued at $401,000 after purchasing an additional 7 shares during the last quarter. Finally, CWM LLC raised its position in shares of White Mountains Insurance Group by 34.8% in the second quarter. CWM LLC now owns 31 shares of the insurance provider’s stock valued at $56,000 after purchasing an additional 8 shares during the period. Institutional investors own 88.65% of the company’s stock.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services.