White Mountains Insurance Group (NYSE:WTM) Shares Cross Above 200 Day Moving Average – Here’s What Happened

White Mountains Insurance Group, Ltd. (NYSE:WTM)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2,140.19 and traded as high as $2,239.95. White Mountains Insurance Group shares last traded at $2,213.5770, with a volume of 12,572 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WTM. Weiss Ratings lowered shares of White Mountains Insurance Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Zacks Research upgraded shares of White Mountains Insurance Group to a “hold” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen lowered shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

White Mountains Insurance Group Stock Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 5.44 and a beta of 0.29. The company has a fifty day moving average price of $2,094.91 and a two-hundred day moving average price of $2,140.19.

White Mountains Insurance Group (NYSE:WTM) last announced its earnings results on Wednesday, May 6th. The insurance provider reported ($12.59) earnings per share for the quarter, missing the consensus estimate of ($4.00) by ($8.59). White Mountains Insurance Group had a net margin of 28.44% and a return on equity of 9.19%. The firm had revenue of $517.80 million for the quarter, compared to the consensus estimate of $515.40 million. As a group, equities research analysts expect that White Mountains Insurance Group, Ltd. will post 134 EPS for the current year.

Hedge Funds Weigh In On White Mountains Insurance Group

Several hedge funds have recently made changes to their positions in WTM. Legacy Wealth Asset Management LLC raised its holdings in shares of White Mountains Insurance Group by 2.5% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 329 shares of the insurance provider’s stock worth $682,000 after purchasing an additional 8 shares in the last quarter. Reinhart Partners LLC. lifted its stake in White Mountains Insurance Group by 19.0% during the second quarter. Reinhart Partners LLC. now owns 44,480 shares of the insurance provider’s stock valued at $92,265,000 after purchasing an additional 7,106 shares during the last quarter. GAMMA Investing LLC boosted its holdings in White Mountains Insurance Group by 23.3% during the second quarter. GAMMA Investing LLC now owns 249 shares of the insurance provider’s stock worth $516,000 after buying an additional 47 shares in the last quarter. Edgestream Partners L.P. boosted its holdings in White Mountains Insurance Group by 491.7% during the first quarter. Edgestream Partners L.P. now owns 3,130 shares of the insurance provider’s stock worth $6,876,000 after buying an additional 2,601 shares in the last quarter. Finally, Amundi acquired a new position in White Mountains Insurance Group in the first quarter worth approximately $1,351,000. 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 diversified insurance and financial services holding company organized in 1985 and headquartered in Hamilton, Bermuda. The company operates through a portfolio of insurance, reinsurance and specialty finance businesses, offering a blend of underwriting expertise and investment management to institutional clients worldwide. As a publicly traded entity on the New York Stock Exchange (NYSE: WTM), White Mountains seeks to generate long-term shareholder value by combining disciplined capital management with strategic acquisitions and organic growth initiatives.

Through its principal operating subsidiaries—most notably Sirius International Insurance Group, Ltd.