Weiss Ratings Upgrades White Mountains Insurance Group (NYSE:WTM) to "Buy (B-)"

Key Points

• Weiss Ratings has upgraded White Mountains Insurance Group (NYSE: WTM) from a "hold (C+)" to a "buy (B-)" rating, reflecting improved market sentiment.
• Despite the upgrade, White Mountains' stock price dipped by 0.1% to $1,902.99 during trading, with a 52-week range between $1,648.00 and $2,023.00.
• Institutional investors own approximately 88.65% of White Mountains Insurance Group's stock, with several large investors increasing their stakes recently.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) was upgraded by Weiss Ratings from a "hold (c+)" rating to a "buy (b-)" rating in a report issued on Wednesday,Weiss Ratings reports.

White Mountains Insurance Group Stock Down 0.1%

Shares of NYSE:WTM traded down $2.24 during trading hours on Wednesday, hitting $1,902.99. The company's stock had a trading volume of 22,964 shares, compared to its average volume of 21,830. White Mountains Insurance Group has a 52 week low of $1,648.00 and a 52 week high of $2,023.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 23.85 and a beta of 0.31. The firm's fifty day moving average price is $1,782.37 and its 200 day moving average price is $1,785.94.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WTM. Farther Finance Advisors LLC raised its stake in shares of White Mountains Insurance Group by 134.7% during the 1st quarter. Farther Finance Advisors LLC now owns 392 shares of the insurance provider's stock worth $746,000 after acquiring an additional 225 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of White Mountains Insurance Group by 25.8% during the 1st quarter. Harbor Capital Advisors Inc. now owns 3,058 shares of the insurance provider's stock worth $5,889,000 after acquiring an additional 627 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of White Mountains Insurance Group by 43.4% during the 1st quarter. GAMMA Investing LLC now owns 76 shares of the insurance provider's stock worth $146,000 after acquiring an additional 23 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of White Mountains Insurance Group by 6.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 173 shares of the insurance provider's stock worth $333,000 after acquiring an additional 11 shares in the last quarter. Finally, Hengehold Capital Management LLC raised its stake in shares of White Mountains Insurance Group by 31.9% during the 1st quarter. Hengehold Capital Management LLC now owns 434 shares of the insurance provider's stock worth $836,000 after acquiring an additional 105 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., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services.

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