White Mountains Insurance Group (NYSE:WTM) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• White Mountains Insurance Group shares moved above their 200-day moving average, reaching $2,177.63 before last trading at approximately $2,168.10, up 0.4%.
• Analyst sentiment is mixed but leans positive: one analyst rates the stock Buy and another Hold, resulting in a “Moderate Buy” consensus.
• Institutional investors and hedge funds own 88.65% of the company’s shares, while the stock has a $5.18 billion market capitalization and a low 0.28 beta.

White Mountains Insurance Group, Ltd. (NYSE:WTM - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $2,123.24 and traded as high as $2,177.63. White Mountains Insurance Group shares last traded at $2,168.0960, with a volume of 16,986 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on WTM shares. Weiss Ratings upgraded shares of White Mountains Insurance Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 9th. Wall Street Zen cut White Mountains Insurance Group from a "buy" rating to a "hold" rating in a report on Saturday, September 26th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

White Mountains Insurance Group Trading Up 0.4%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.74 and a current ratio of 0.74. The business has a fifty day simple moving average of $2,083.55 and a 200 day simple moving average of $2,123.24. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 4.93 and a beta of 0.28.

Hedge Funds Weigh In On White Mountains Insurance Group

Institutional investors and hedge funds have recently modified their holdings of the business. Gables Capital Management Inc. bought a new stake in White Mountains Insurance Group during the second quarter worth about $31,000. Global Assets Advisory LLC acquired a new stake in White Mountains Insurance Group during the first quarter worth about $33,000. Keating Financial Advisory Services Inc. bought a new position in White Mountains Insurance Group in the 2nd quarter valued at about $44,000. Versant Capital Management Inc increased its holdings in White Mountains Insurance Group by 45.8% in the 3rd quarter. Versant Capital Management Inc now owns 35 shares of the insurance provider's stock valued at $70,000 after buying an additional 11 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in White Mountains Insurance Group in the 2nd quarter valued at about $83,000. 88.65% of the stock is currently owned by institutional investors and hedge funds.

About White Mountains Insurance Group

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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