Wall Street Zen Upgrades White Mountains Insurance Group (NYSE:WTM) to Hold

Key Points

• Wall Street Zen upgraded White Mountains Insurance Group from “sell” to “hold,” while other firms also improved their ratings; MarketBeat reports a consensus “Moderate Buy” rating.
• WTM shares opened at $2,135.74, with a 12-month range of $1,648 to $2,333 and a market capitalization of approximately $5.10 billion.
• Institutional investors own 88.65% of the company, with several firms recently establishing or increasing positions in the insurance and financial services holding company.

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

A number of other research firms have also recently weighed in on WTM. Weiss Ratings raised shares of White Mountains Insurance Group from a "hold (c+)" rating to a "buy (b)" rating in a research note on Wednesday. Zacks Research raised White Mountains Insurance Group to a "hold" rating in a report on Wednesday, May 27th. 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 currently has a consensus rating of "Moderate Buy".

White Mountains Insurance Group Price Performance

Shares of WTM stock opened at $2,135.74 on Friday. White Mountains Insurance Group has a 12 month low of $1,648.00 and a 12 month high of $2,333.00. The company has a market capitalization of $5.10 billion, a P/E ratio of 4.86 and a beta of 0.29. The stock has a 50 day moving average of $2,112.56 and a two-hundred day moving average of $2,152.22. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.15.

Institutional Investors Weigh In On White Mountains Insurance Group

Large investors have recently made changes to their positions in the company. Lecap Asset Management Ltd. acquired a new position in White Mountains Insurance Group in the fourth quarter valued at about $707,000. M&T Bank Corp acquired a new position in White Mountains Insurance Group in the fourth quarter worth $38,545,000. Sei Investments Co. grew its holdings in shares of White Mountains Insurance Group by 40.2% during the first 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 during the last quarter. Amundi bought a new stake in shares of White Mountains Insurance Group during the first quarter worth $1,351,000. Finally, Quantinno Capital Management LP increased its stake in shares of White Mountains Insurance Group by 34.6% in the first quarter. Quantinno Capital Management LP now owns 9,784 shares of the insurance provider's stock valued at $21,495,000 after buying an additional 2,513 shares in 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 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.

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