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

Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) hit a new 52-week high on Wednesday . The company traded as high as $2,249.80 and last traded at $2,217.92, with a volume of 7367 shares traded. The stock had previously closed at $2,223.42.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of White Mountains Insurance Group in a research report on Monday, December 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

White Mountains Insurance Group Stock Down 0.2%

The company has a market cap of $5.64 billion, a P/E ratio of 5.13 and a beta of 0.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.75 and a quick ratio of 0.75. The company’s 50-day moving average is $2,095.31 and its two-hundred day moving average is $1,952.39.

White Mountains Insurance Group (NYSE:WTM) last issued its earnings results on Friday, February 6th. The insurance provider reported $39.77 EPS for the quarter, missing the consensus estimate of $379.45 by ($339.68). White Mountains Insurance Group had a net margin of 29.62% and a return on equity of 8.41%. The business had revenue of $674.40 million for the quarter.

Insider Buying and Selling

In other White Mountains Insurance Group news, Director Philip A. Gelston sold 165 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $2,048.51, for a total value of $338,004.15. Following the transaction, the director owned 1,568 shares of the company’s stock, valued at approximately $3,212,063.68. This represents a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On White Mountains Insurance Group

Institutional investors have recently made changes to their positions in the business. Gendell Jeffrey L bought a new position in White Mountains Insurance Group in the fourth quarter worth approximately $67,578,000. Norges Bank bought a new position in White Mountains Insurance Group in the 4th quarter worth $66,879,000. Cooke & Bieler LP lifted its position in White Mountains Insurance Group by 40.5% during the third quarter. Cooke & Bieler LP now owns 107,851 shares of the insurance provider’s stock valued at $180,275,000 after purchasing an additional 31,070 shares in the last quarter. M&T Bank Corp bought a new stake in White Mountains Insurance Group during the fourth quarter valued at about $38,545,000. Finally, River Road Asset Management LLC increased its position in White Mountains Insurance Group by 10.3% in the fourth quarter. River Road Asset Management LLC now owns 120,880 shares of the insurance provider’s stock worth $251,192,000 after buying an additional 11,292 shares in the last quarter. 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.