Wall Street Zen cut shares of White Mountains Insurance Group (NYSE:WTM – Free Report) from a hold rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.
Separately, Weiss Ratings upgraded White Mountains Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
View Our Latest Analysis on White Mountains Insurance Group
White Mountains Insurance Group Stock Down 2.2%
White Mountains Insurance Group stock opened at $2,244.30 on Friday. The company has a market capitalization of $5.36 billion, a P/E ratio of 5.94 and a beta of 0.28. The firm’s fifty day simple moving average is $2,120.24 and its 200-day simple moving average is $2,142.11. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.15. White Mountains Insurance Group has a 1-year low of $1,870.00 and a 1-year high of $2,378.94.
White Mountains Insurance Group (NYSE:WTM – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The insurance provider reported $38.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $35.65. The business had revenue of $641.10 million during the quarter, compared to analyst estimates of $641.10 million. White Mountains Insurance Group had a net margin of 26.86% and a return on equity of 3.33%. Sell-side analysts forecast that White Mountains Insurance Group will post 106.20 earnings per share for the current fiscal year.
Hedge Funds Weigh In On White Mountains Insurance Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WTM. First Command Advisory Services Inc. acquired a new position in White Mountains Insurance Group in the 3rd quarter valued at $26,000. AlphaCore Capital LLC bought a new position in White Mountains Insurance Group in the 3rd quarter worth $2,065,000. Leuthold Group LLC raised its holdings in White Mountains Insurance Group by 13.3% in the 3rd quarter. Leuthold Group LLC now owns 1,251 shares of the insurance provider’s stock worth $2,510,000 after acquiring an additional 147 shares during the period. Allspring Global Investments Holdings LLC lifted its position in White Mountains Insurance Group by 11.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,229 shares of the insurance provider’s stock worth $40,722,000 after acquiring an additional 2,113 shares during the last quarter. Finally, Chapman Investment Management LLC lifted its position in White Mountains Insurance Group by 200.0% during the 3rd quarter. Chapman Investment Management LLC now owns 143 shares of the insurance provider’s stock worth $287,000 after acquiring an additional 286 shares during the last quarter. Institutional investors and hedge funds own 88.65% of the company’s stock.
White Mountains Insurance Group Company Profile
White Mountains Insurance Group, Ltd. is a Bermuda-based holding company that owns and manages businesses in the property and casualty insurance, reinsurance, insurance services and asset management sectors. Rather than operating as a single traditional insurer, the company invests in and supports a portfolio of specialty businesses.
Its insurance-related operations have included specialty insurance and reinsurance platforms serving commercial and personal lines, program administrators, and municipal bond insurance.
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