White Mountains Insurance Group (NYSE:WTM) Reaches New 12-Month High – Still a Buy?

White Mountains Insurance Group, Ltd. (NYSE:WTM) shares hit a new 52-week high on Tuesday. The company traded as high as $2,339.84 and last traded at $2,344.0050, with a volume of 5,501 shares. The stock had previously closed at $2,317.42.

Wall Street Analyst Weigh In

WTM has been the topic of several recent analyst reports. Wall Street Zen downgraded White Mountains Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. Weiss Ratings upgraded shares of White Mountains Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

White Mountains Insurance Group Stock Down 3.6%

The firm has a market cap of $5.47 billion, a PE ratio of 5.21 and a beta of 0.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.74 and a quick ratio of 0.74. The business has a fifty day moving average price of $2,114.78 and a two-hundred day moving average price of $2,139.96.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings data on Thursday, November 5th. The insurance provider reported ($17.71) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($20.21). White Mountains Insurance Group had a return on equity of 5.11% and a net margin of 29.29%. The business had revenue of $641.10 million during the quarter, compared to analysts’ expectations of $934.41 million. On average, analysts anticipate that White Mountains Insurance Group, Ltd. will post 106.20 EPS for the current fiscal year.

Institutional Trading of White Mountains Insurance Group

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE purchased a new position in White Mountains Insurance Group during the second quarter valued at approximately $51,893,000. Allianz Asset Management GmbH acquired a new position in White Mountains Insurance Group in the 2nd quarter valued at approximately $1,750,000. Public Employees Retirement System of Ohio purchased a new stake in White Mountains Insurance Group in the 2nd quarter worth approximately $1,495,000. The Manufacturers Life Insurance Company purchased a new stake in White Mountains Insurance Group in the 2nd quarter worth approximately $1,279,000. Finally, Legal & General Group Plc purchased a new stake in White Mountains Insurance Group in the 2nd quarter worth approximately $4,680,000. 88.65% of the stock is owned by hedge funds and other institutional investors.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based holding company that owns and manages businesses in the property and casualty insurance, reinsurance, insurance services and asset management sectors. Rather than operating as a single traditional insurer, the company invests in and supports a portfolio of specialty businesses.

Its insurance-related operations have included specialty insurance and reinsurance platforms serving commercial and personal lines, program administrators, and municipal bond insurance.