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

White Mountains Insurance Group, Ltd. (NYSE:WTM) reached a new 52-week high during trading on Tuesday . The company traded as high as $2,143.25 and last traded at $2,080.50, with a volume of 2439 shares changing hands. The stock had previously closed at $2,075.53.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of White Mountains Insurance Group in a research note on Monday, December 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, White Mountains Insurance Group currently has a consensus rating of “Hold”.

White Mountains Insurance Group Stock Performance

The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.14. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 38.18 and a beta of 0.36. The stock’s 50 day moving average is $1,980.70 and its two-hundred day moving average is $1,860.16.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings results on Thursday, November 6th. The insurance provider reported $72.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $57.00 by $15.21. The firm had revenue of $864.20 million for the quarter. White Mountains Insurance Group had a return on equity of 7.19% and a net margin of 5.63%.

Insider Activity at White Mountains Insurance Group

In related news, Director Philip A. Gelston sold 165 shares of the 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 completion of the sale, the director directly owned 1,568 shares of the company’s stock, valued at $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 available through this link. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On White Mountains Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp lifted its stake in shares of White Mountains Insurance Group by 183.3% in the second quarter. Fifth Third Bancorp now owns 17 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 11 shares during the period. Geneos Wealth Management Inc. increased its holdings in White Mountains Insurance Group by 325.0% in the first quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider’s stock valued at $33,000 after buying an additional 13 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of White Mountains Insurance Group during the 3rd quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of White Mountains Insurance Group by 90.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 21 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 10 shares during the period. Finally, Steph & Co. acquired a new stake in shares of White Mountains Insurance Group in the 2nd quarter worth approximately $47,000. 88.65% of the stock is owned by institutional investors and hedge funds.

About White Mountains Insurance Group

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.