White Mountains Insurance Group (NYSE:WTM) Reaches New 52-Week High – Time to Buy?

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

Analyst Ratings Changes

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

White Mountains Insurance Group Price Performance

The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. The company has a market cap of $5.14 billion, a PE ratio of 25.23 and a beta of 0.37. The stock has a fifty day simple moving average of $1,859.50 and a two-hundred day simple moving average of $1,816.01.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings data on Thursday, November 6th. The insurance provider reported $72.21 EPS for the quarter, beating 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 firm had revenue of $864.20 million during the quarter.

Hedge Funds Weigh In On White Mountains Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of WTM. Cooke & Bieler LP lifted its holdings in shares of White Mountains Insurance Group by 40.5% during the 3rd quarter. Cooke & Bieler LP now owns 107,851 shares of the insurance provider’s stock worth $180,275,000 after acquiring an additional 31,070 shares during the period. Norges Bank purchased a new position in White Mountains Insurance Group during the second quarter worth approximately $54,759,000. Fiduciary Management Inc. WI boosted its holdings in shares of White Mountains Insurance Group by 46.2% in the 1st quarter. Fiduciary Management Inc. WI now owns 71,795 shares of the insurance provider’s stock valued at $138,264,000 after purchasing an additional 22,681 shares during the last quarter. Nuveen LLC purchased a new stake in shares of White Mountains Insurance Group during the 1st quarter valued at $14,964,000. Finally, UBS Group AG grew its stake in shares of White Mountains Insurance Group by 141.1% during the 3rd quarter. UBS Group AG now owns 12,085 shares of the insurance provider’s stock valued at $20,200,000 after buying an additional 7,073 shares during the period. Hedge funds and other 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.