White Mountains Insurance Group (NYSE:WTM) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of White Mountains Insurance Group (NYSE:WTM) from a hold rating to a buy rating in a research note published on Saturday morning.

Separately, Weiss Ratings upgraded shares of White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b+)” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

White Mountains Insurance Group Price Performance

Shares of NYSE WTM opened at $2,172.65 on Friday. White Mountains Insurance Group has a 1-year low of $1,648.00 and a 1-year high of $2,264.70. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.89 and a quick ratio of 0.75. The business’s fifty day moving average price is $2,118.79 and its two-hundred day moving average price is $1,974.00. The firm has a market capitalization of $5.37 billion, a PE ratio of 5.03 and a beta of 0.32.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings results on Friday, February 6th. The insurance provider reported $39.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $379.45 by ($339.68). The firm had revenue of $1.60 billion for the quarter. White Mountains Insurance Group had a net margin of 29.62% and a return on equity of 8.12%.

White Mountains Insurance Group Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Monday, March 16th will be given a dividend of $1.00 per share. This represents a yield of 4.0%. The ex-dividend date is Monday, March 16th. White Mountains Insurance Group’s payout ratio is 0.23%.

Insider Activity

In other news, Director Philip A. Gelston sold 165 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $2,048.51, for a total transaction of $338,004.15. Following the transaction, the director directly owned 1,568 shares of the company’s stock, valued at approximately $3,212,063.68. This trade represents a 9.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On White Mountains Insurance Group

A number of institutional investors and hedge funds have recently bought and sold shares of WTM. Miller Global Investments LLC bought a new stake in shares of White Mountains Insurance Group during the 4th quarter worth about $25,000. Torren Management LLC bought a new position in shares of White Mountains Insurance Group in the fourth quarter valued at approximately $27,000. Smartleaf Asset Management LLC increased its stake in shares of White Mountains Insurance Group by 100.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 14 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 7 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of White Mountains Insurance Group by 325.0% during the first quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 13 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new stake in White Mountains Insurance Group during the fourth quarter worth approximately $39,000. Institutional investors own 88.65% of the company’s stock.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based diversified insurance and financial services holding company organized in 1985 and headquartered in Hamilton, Bermuda. The company operates through a portfolio of insurance, reinsurance and specialty finance businesses, offering a blend of underwriting expertise and investment management to institutional clients worldwide. As a publicly traded entity on the New York Stock Exchange (NYSE: WTM), White Mountains seeks to generate long-term shareholder value by combining disciplined capital management with strategic acquisitions and organic growth initiatives.

Through its principal operating subsidiaries—most notably Sirius International Insurance Group, Ltd.