White Mountains Insurance Group (NYSE:WTM) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded White Mountains Insurance Group from “buy” to “hold,” while Weiss Ratings recently upgraded it to “buy.” The stock has a “Moderate Buy” consensus rating based on one Buy and one Hold rating.
• WTM opened at $2,031.39, with a $4.86 billion market capitalization, a 4.62 price-to-earnings ratio, and a 52-week range of $1,648 to $2,333.
• Institutional investors and hedge funds own 88.65% of the company; Bank of America acquired an approximately $51.9 million stake, while Sei Investments increased its holdings by 40.2%.

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

Separately, Weiss Ratings raised shares of White Mountains Insurance Group from a "hold (c+)" rating to a "buy (b)" rating in a research report on Wednesday, August 12th. One research 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.com, White Mountains Insurance Group has a consensus rating of "Moderate Buy".

White Mountains Insurance Group Stock Performance

WTM opened at $2,031.39 on Friday. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 4.62 and a beta of 0.30. The business's 50-day moving average price is $2,112.01 and its two-hundred day moving average price is $2,137.81. White Mountains Insurance Group has a 1 year low of $1,648.00 and a 1 year high of $2,333.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.74 and a quick ratio of 0.74.

Hedge Funds Weigh In On White Mountains Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of WTM. Bank of America Corp DE acquired a new stake in White Mountains Insurance Group during the second quarter worth approximately $51,893,000. The Manufacturers Life Insurance Company acquired a new position in White Mountains Insurance Group in the 2nd quarter valued at $1,279,000. Public Employees Retirement System of Ohio acquired a new position in White Mountains Insurance Group in the 2nd quarter valued at $1,495,000. Allianz Asset Management GmbH bought a new stake in shares of White Mountains Insurance Group during the 2nd quarter valued at $1,750,000. Finally, Sei Investments Co. grew its holdings in shares of White Mountains Insurance Group by 40.2% during the 1st quarter. Sei Investments Co. now owns 11,098 shares of the insurance provider's stock worth $24,382,000 after purchasing an additional 3,182 shares in the last quarter. 88.65% of the stock is currently owned by institutional investors and hedge funds.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based financial services holding company that owns and manages businesses primarily focused on property and casualty insurance and reinsurance. The company operates through subsidiaries and affiliated businesses rather than functioning as a traditional single-line insurer.

Its activities have included specialty insurance and reinsurance, insurance program management, and municipal bond insurance. White Mountains also owns or invests in businesses involved in asset management and other insurance-related financial services, including specialty managing general agents and investment-management platforms.

White Mountains serves customers and business partners primarily in the United States, while its Bermuda domicile and reinsurance operations provide an international platform.

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