White Mountains Insurance Group (NYSE:WTM) Sets New 1-Year High – Here’s What Happened

Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) reached a new 52-week high on Wednesday . The stock traded as high as $2,265.80 and last traded at $2,255.65, with a volume of 4034 shares. The stock had previously closed at $2,215.73.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Weiss Ratings upgraded White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b+)” rating in a research report on Monday, March 2nd. Wall Street Zen downgraded shares of White Mountains Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

White Mountains Insurance Group Price Performance

The company has a market cap of $5.64 billion, a PE ratio of 5.27 and a beta of 0.35. The stock has a fifty day moving average price of $2,175.00 and a 200-day moving average price of $2,036.63. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.89 and a quick ratio of 0.89.

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

White Mountains Insurance Group Dividend Announcement

The business also recently declared an annual dividend, which was paid on Wednesday, March 25th. Stockholders of record on Monday, March 16th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a dividend yield of 5.0%. White Mountains Insurance Group’s dividend payout ratio is 0.23%.

Institutional Investors Weigh In On White Mountains Insurance Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Legacy Wealth Asset Management LLC increased its holdings in White Mountains Insurance Group by 1.6% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 313 shares of the insurance provider’s stock worth $650,000 after buying an additional 5 shares during the last quarter. NewEdge Wealth LLC grew its position in White Mountains Insurance Group by 4.3% in the fourth quarter. NewEdge Wealth LLC now owns 122 shares of the insurance provider’s stock worth $254,000 after acquiring an additional 5 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its position in White Mountains Insurance Group by 10.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 55 shares of the insurance provider’s stock worth $114,000 after acquiring an additional 5 shares in the last quarter. Wedbush Securities Inc. increased its stake in shares of White Mountains Insurance Group by 2.2% during the 4th quarter. Wedbush Securities Inc. now owns 229 shares of the insurance provider’s stock worth $476,000 after purchasing an additional 5 shares during the last quarter. Finally, Clearstead Advisors LLC increased its stake in shares of White Mountains Insurance Group by 19.4% during the 4th quarter. Clearstead Advisors LLC now owns 37 shares of the insurance provider’s stock worth $77,000 after purchasing an additional 6 shares during the last quarter. 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 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.