White Mountains Insurance Group (NYSE:WTM) Reaches New 12-Month High - Still a Buy?

Key Points

• White Mountains Insurance Group hit a new 52-week high, trading as high as $2,339.84 and last changing hands near $2,344, up from its prior close of $2,317.42.
• Analyst sentiment remains moderately positive: one analyst rates the stock Buy and another Hold, producing a consensus “Moderate Buy” rating after mixed rating changes.
• Institutional investors own 88.65% of the company, with several firms increasing their positions during the third quarter, while the stock has a $5.57 billion market capitalization and a low 5.30 price-to-earnings ratio.

White Mountains Insurance Group, Ltd. (NYSE:WTM - Get Free Report) reached a new 52-week high during trading on Tuesday. The stock traded as high as $2,339.84 and last traded at $2,344.0050, with a volume of 5,501 shares. The stock had previously closed at $2,317.42.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on WTM shares. Wall Street Zen cut shares of White Mountains Insurance Group from a "buy" rating to a "hold" rating in a report on Saturday, September 26th. Weiss Ratings raised shares of White Mountains Insurance Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

White Mountains Insurance Group Price Performance

The business has a fifty day moving average price of $2,106.97 and a 200 day moving average price of $2,137.34. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 5.30 and a beta of 0.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.74 and a current ratio of 0.74.

Institutional Trading of White Mountains Insurance Group

Large investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC boosted its position in White Mountains Insurance Group by 16.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 166 shares of the insurance provider's stock worth $334,000 after purchasing an additional 24 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of White Mountains Insurance Group by 13.2% during the third quarter. Chicago Partners Investment Group LLC now owns 592 shares of the insurance provider's stock worth $1,317,000 after purchasing an additional 69 shares in the last quarter. Summit Wealth Group LLC Co. acquired a new stake in shares of White Mountains Insurance Group in the 3rd quarter worth about $566,000. State of Wyoming acquired a new stake in White Mountains Insurance Group during the 3rd quarter worth about $179,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of White Mountains Insurance Group by 518.8% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 990 shares of the insurance provider's stock worth $1,986,000 after purchasing an additional 830 shares during the last quarter. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.