White Mountains Insurance Group (NYSE:WTM) Shares Gap Up - Still a Buy?

Key Points

• White Mountains Insurance Group shares experienced a significant jump, opening at $1,784.78 after closing at $1,664.56 the previous day, with the latest trade at $1,820.06.
• Analysts have given the stock a current average rating of "Hold", with Weiss Ratings reaffirming a "hold (c+)" rating on September 27th.
• Institutional investors own 88.65% of the company, with notable acquisitions including a new position from Norges Bank valued at approximately $54.76 million.

White Mountains Insurance Group, Ltd. (NYSE:WTM - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $1,664.56, but opened at $1,784.78. White Mountains Insurance Group shares last traded at $1,820.06, with a volume of 17,725 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of White Mountains Insurance Group in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, White Mountains Insurance Group currently has an average rating of "Hold".

White Mountains Insurance Group Stock Performance

The company has a market capitalization of $4.75 billion, a P/E ratio of 23.07 and a beta of 0.31. The stock's fifty day moving average price is $1,777.46 and its 200-day moving average price is $1,786.54. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81.

Institutional Trading of White Mountains Insurance Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of White Mountains Insurance Group during the 2nd quarter worth approximately $54,759,000. Fiduciary Management Inc. WI grew its position in shares of White Mountains Insurance Group by 46.2% in the first quarter. Fiduciary Management Inc. WI now owns 71,795 shares of the insurance provider's stock valued at $138,264,000 after purchasing an additional 22,681 shares during the last quarter. Cooke & Bieler LP increased its position in White Mountains Insurance Group by 40.5% during the second quarter. Cooke & Bieler LP now owns 76,781 shares of the insurance provider's stock worth $137,877,000 after acquiring an additional 22,129 shares during the period. Nuveen LLC bought a new stake in shares of White Mountains Insurance Group in the first quarter valued at approximately $14,964,000. Finally, Jane Street Group LLC boosted its stake in shares of White Mountains Insurance Group by 950.3% in the second quarter. Jane Street Group LLC now owns 6,071 shares of the insurance provider's stock valued at $10,902,000 after buying an additional 5,493 shares during the period. Institutional investors own 88.65% of the company's stock.

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.

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