White Mountains Insurance Group (NYSE:WTM) Stock Rating Cut to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded White Mountains Insurance Group from “hold” to “sell.” Ratings elsewhere are mixed: Weiss raised its rating to “buy,” and MarketBeat reports a “Moderate Buy” consensus.
• The insurer reported quarterly EPS of $38.15, above the $2.50 analyst consensus cited in the article; revenue of $641.1 million matched estimates.
• WTM shares opened at $2,244.30, within a reported 12-month range of $1,870 to $2,378.94. Institutional investors and hedge funds hold 88.65% of the stock.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised White Mountains Insurance Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, October 9th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

White Mountains Insurance Group Price Performance

Shares of WTM stock opened at $2,244.30 on Friday. White Mountains Insurance Group has a 12 month low of $1,870.00 and a 12 month high of $2,378.94. The stock has a 50 day moving average of $2,120.24 and a two-hundred day moving average of $2,142.11. The company has a market capitalization of $5.36 billion, a P/E ratio of 5.94 and a beta of 0.28. 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 (NYSE:WTM - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The insurance provider reported $38.15 EPS for the quarter, beating analysts' consensus estimates of $2.50 by $35.65. White Mountains Insurance Group had a net margin of 29.29% and a return on equity of 5.11%. The company had revenue of $641.10 million for the quarter, compared to analyst estimates of $641.10 million. As a group, equities analysts expect that White Mountains Insurance Group will post 106.20 EPS for the current year.

Institutional Investors Weigh In On White Mountains Insurance Group

Large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of White Mountains Insurance Group in the 2nd quarter valued at $244,393,000. Wallace Capital Management Inc. bought a new position in White Mountains Insurance Group in the second quarter worth approximately $166,010,000. Bank of America Corp DE purchased a new stake in White Mountains Insurance Group during the 2nd quarter worth approximately $51,893,000. Boussard & Gavaudan Gestion Sas purchased a new stake in shares of White Mountains Insurance Group during the 2nd quarter worth approximately $24,460,000. Finally, Bank of New York Mellon Corp purchased a new position in White Mountains Insurance Group in the 2nd quarter valued at about $17,440,000. 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 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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