White Mountains Insurance Group, Ltd. (NYSE:WTM) Sees Large Growth 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 recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 60,600 shares, anincreaseof79.8% 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. Approximately2.4% of the shares of the company are sold short. Approximately2.4% of the shares of the company are sold short. 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

WTM traded up $6.65 on Friday, hitting $1,757.00. The company's stock had a trading volume of 24,358 shares, compared to its average volume of 22,059. White Mountains Insurance Group has a 12 month low of $1,666.22 and a 12 month high of $2,023.00. The firm has a market cap of $4.52 billion, a P/E ratio of 22.01 and a beta of 0.37. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.13. The company's 50 day simple moving average is $1,783.11 and its 200-day simple moving average is $1,813.56.

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 (EPS) for the quarter, missing the consensus estimate of ($14.00) by ($6.50). White Mountains Insurance Group had a return on equity of 9.24% and a net margin of 8.34%. The company had revenue of $472.20 million during the quarter.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On White Mountains Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Private Trust Co. NA lifted its position in White Mountains Insurance Group by 87.5% during the first quarter. Private Trust Co. NA now owns 15 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 7 shares during the period. Fifth Third Bancorp raised its stake in White Mountains Insurance Group by 183.3% during the 2nd quarter. Fifth Third Bancorp now owns 17 shares of the insurance provider's stock valued at $31,000 after buying an additional 11 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in White Mountains Insurance Group by 325.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider's stock valued at $33,000 after buying an additional 13 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of White Mountains Insurance Group by 90.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 21 shares of the insurance provider's stock valued at $40,000 after buying an additional 10 shares during the period. Finally, Huntington National Bank boosted its stake in shares of White Mountains Insurance Group by 57.1% in the 4th quarter. Huntington National Bank now owns 22 shares of the insurance provider's stock worth $43,000 after buying an additional 8 shares during the last quarter. 88.65% of the stock is owned by hedge funds and other institutional investors.

About White Mountains Insurance Group

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.