White Mountains Insurance Group (NYSE:WTM) Reaches New 1-Year High – Still a Buy?

by · The Cerbat Gem

White Mountains Insurance Group, Ltd. (NYSE:WTM – Get Free Report)’s share price reached a new 52-week high on Friday . The company traded as high as $1,899.91 and last traded at $1,899.91, with a volume of 2864 shares traded. The stock had previously closed at $1,884.61.

White Mountains Insurance Group Stock Down 0.5 %

The company has a market capitalization of $4.81 billion, a PE ratio of 8.48 and a beta of 0.43. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The firm has a 50 day simple moving average of $1,766.01 and a two-hundred day simple moving average of $1,761.85.

White Mountains Insurance Group (NYSE:WTM – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The insurance provider reported ($2.74) earnings per share for the quarter. The firm had revenue of $455.60 million during the quarter. White Mountains Insurance Group had a net margin of 21.40% and a return on equity of 7.62%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WTM. Hexagon Capital Partners LLC increased its position in White Mountains Insurance Group by 250.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 14 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 10 shares during the period. Fidelis Capital Partners LLC acquired a new position in White Mountains Insurance Group during the first quarter worth $34,000. UMB Bank n.a. raised its position in White Mountains Insurance Group by 40.0% in the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 8 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of White Mountains Insurance Group in the second quarter valued at about $82,000. Finally, GAMMA Investing LLC boosted its holdings in White Mountains Insurance Group by 104.2% during the third quarter. GAMMA Investing LLC now owns 49 shares of the insurance provider’s stock worth $83,000 after buying an additional 25 shares in the last quarter. 88.65% of the stock is owned by hedge funds and other institutional investors.

White Mountains Insurance Group Company Profile

(Get Free Report)

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services.

Featured Stories