White Mountains Insurance Group (NYSE:WTM) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of White Mountains Insurance Group (NYSE:WTM) from a buy rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

White Mountains Insurance Group Price Performance

White Mountains Insurance Group stock opened at $2,014.91 on Friday. White Mountains Insurance Group has a 1 year low of $1,648.00 and a 1 year high of $2,333.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a 50 day moving average price of $2,108.04 and a 200 day moving average price of $2,136.24. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 4.59 and a beta of 0.30.

Hedge Funds Weigh In On White Mountains Insurance Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its holdings in shares of White Mountains Insurance Group by 17.1% in the second quarter. Tidal Investments LLC now owns 1,578 shares of the insurance provider’s stock valued at $3,272,000 after purchasing an additional 230 shares in the last quarter. Squarepoint Ops LLC acquired a new position in White Mountains Insurance Group during the second quarter valued at $1,876,000. Allianz Asset Management GmbH purchased a new stake in White Mountains Insurance Group in the 2nd quarter worth about $1,750,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in White Mountains Insurance Group in the 2nd quarter worth about $332,000. Finally, Midwest Professional Planners LTD. boosted its position in White Mountains Insurance Group by 194.7% during the 2nd quarter. Midwest Professional Planners LTD. now owns 1,164 shares of the insurance provider’s stock worth $2,413,000 after acquiring an additional 769 shares during the period. 88.65% of the stock is currently owned by hedge funds and other institutional investors.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based financial services holding company that owns and manages businesses primarily focused on property and casualty insurance and reinsurance. The company operates through subsidiaries and affiliated businesses rather than functioning as a traditional single-line insurer.

Its activities have included specialty insurance and reinsurance, insurance program management, and municipal bond insurance. White Mountains also owns or invests in businesses involved in asset management and other insurance-related financial services, including specialty managing general agents and investment-management platforms.

White Mountains serves customers and business partners primarily in the United States, while its Bermuda domicile and reinsurance operations provide an international platform.