White Mountains Insurance Group, Ltd. (NYSE:WTM) Sees Large Increase in Short Interest

Key Points

• White Mountains Insurance Group saw a 79.8% increase in short interest during July, with total short interest reaching 60,600 shares as of July 15th.
• The company's stock opened at $1,785.15, and its 52-week range is between $1,666.22 and $2,023.00, indicating significant price fluctuations over the year.
• In the latest earnings report, White Mountains reported a loss of ($20.50) per share, missing the consensus estimate by $6.50, alongside a revenue of $472.20 million.

White Mountains Insurance Group, Ltd. (NYSE:WTM - Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 60,600 shares, agrowthof79.8% from the June 30th total of 33,700 shares. Based on an average daily volume of 20,700 shares, the days-to-cover ratio is presently 2.9 days. Currently,2.4% of the shares of the company are short sold. Currently,2.4% of the shares of the company are short sold. Based on an average daily volume of 20,700 shares, the days-to-cover ratio is presently 2.9 days.

White Mountains Insurance Group Stock Performance

Shares of WTM stock opened at $1,785.15 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.78. White Mountains Insurance Group has a fifty-two week low of $1,666.22 and a fifty-two week high of $2,023.00. The stock's 50-day moving average is $1,784.06 and its two-hundred day moving average is $1,815.41. The firm has a market cap of $4.59 billion, a P/E ratio of 164.53 and a beta of 0.37.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last announced its earnings results on Wednesday, May 7th. The insurance provider reported ($20.50) earnings per share for the quarter, missing the consensus estimate of ($14.00) by ($6.50). White Mountains Insurance Group had a net margin of 1.29% and a return on equity of 5.01%. The business had revenue of $472.20 million for the quarter.

Institutional Investors Weigh In On White Mountains Insurance Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in shares of White Mountains Insurance Group by 276,054.7% in the 1st quarter. GAMMA Investing LLC now owns 146,362 shares of the insurance provider's stock worth $281,865,000 after purchasing an additional 146,309 shares during the last quarter. Cooke & Bieler LP boosted its position in shares of White Mountains Insurance Group by 40.5% in the 2nd quarter. Cooke & Bieler LP now owns 76,781 shares of the insurance provider's stock worth $137,877,000 after purchasing an additional 22,129 shares during the last quarter. Fiduciary Management Inc. WI boosted its position in shares of White Mountains Insurance Group by 46.2% in the 1st quarter. Fiduciary Management Inc. WI now owns 71,795 shares of the insurance provider's stock worth $138,264,000 after purchasing an additional 22,681 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of White Mountains Insurance Group by 8.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 62,466 shares of the insurance provider's stock worth $120,298,000 after purchasing an additional 4,711 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its holdings in White Mountains Insurance Group by 11.0% during the first quarter. Reinhart Partners LLC. now owns 42,478 shares of the insurance provider's stock worth $81,804,000 after acquiring an additional 4,206 shares in the last quarter. 88.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded White Mountains Insurance Group from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th.

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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