White Mountains Insurance Group (NYSE:WTM) Reaches New 52-Week High – Should You Buy?

Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) hit a new 52-week high during mid-day trading 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 changing hands. The stock had previously closed at $2,317.42.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WTM. Wall Street Zen cut shares of White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. Weiss Ratings upgraded White Mountains Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

White Mountains Insurance Group Stock Performance

The firm has a market cap of $5.57 billion, a P/E ratio of 5.30 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 stock’s 50 day moving average is $2,106.97 and its two-hundred day moving average is $2,137.34.

Hedge Funds Weigh In On White Mountains Insurance Group

A number of institutional investors have recently added to or reduced their stakes in WTM. BlackRock Inc. bought a new position in White Mountains Insurance Group in the second quarter worth about $244,393,000. Cooke & Bieler LP grew its holdings in shares of White Mountains Insurance Group by 2.4% in the third quarter. Cooke & Bieler LP now owns 87,203 shares of the insurance provider’s stock worth $174,972,000 after acquiring an additional 2,083 shares during the period. Wallace Capital Management Inc. bought a new position in shares of White Mountains Insurance Group in the 2nd quarter worth approximately $166,010,000. Reinhart Partners LLC. raised its stake in White Mountains Insurance Group by 19.0% during the 2nd quarter. Reinhart Partners LLC. now owns 44,480 shares of the insurance provider’s stock worth $92,265,000 after acquiring an additional 7,106 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of White Mountains Insurance Group during the second quarter worth $51,893,000. 88.65% of the stock is currently owned by 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.