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

White Mountains Insurance Group, Ltd. (NYSE:WTM) shares reached a new 52-week high on Wednesday . The company traded as high as $2,023.00 and last traded at $2,023.00, with a volume of 866 shares. The stock had previously closed at $2,004.53.

White Mountains Insurance Group Price Performance

The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 7.97 and a beta of 0.43. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.10. The company’s fifty day moving average is $1,834.30 and its two-hundred day moving average is $1,783.78.

Institutional Investors Weigh In On White Mountains Insurance Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. OFI Invest Asset Management acquired a new position in shares of White Mountains Insurance Group during the 2nd quarter worth about $526,000. Harbor Capital Advisors Inc. grew its holdings in White Mountains Insurance Group by 282.1% during the second quarter. Harbor Capital Advisors Inc. now owns 1,192 shares of the insurance provider’s stock valued at $2,166,000 after purchasing an additional 880 shares during the period. Reinhart Partners LLC. increased its stake in White Mountains Insurance Group by 3.9% in the third quarter. Reinhart Partners LLC. now owns 39,369 shares of the insurance provider’s stock valued at $66,778,000 after purchasing an additional 1,490 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in White Mountains Insurance Group in the third quarter worth $502,000. Finally, Tidal Investments LLC bought a new position in shares of White Mountains Insurance Group during the first quarter worth $859,000. 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.