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

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of White Mountains Insurance Group in a research report on Monday, December 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

White Mountains Insurance Group Stock Performance

The company has a market capitalization 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 quick ratio of 0.75 and a current ratio of 0.75. The business’s fifty day simple moving average is $2,095.31 and its 200-day simple 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $379.45 by ($339.68). The firm had revenue of $674.40 million during the quarter. White Mountains Insurance Group had a return on equity of 8.41% and a net margin of 29.62%.

Insider Buying and Selling at White Mountains Insurance Group

In related news, Director Philip A. Gelston sold 165 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $2,048.51, for a total value of $338,004.15. Following the completion of the transaction, the director directly owned 1,568 shares of the company’s stock, valued at approximately $3,212,063.68. This trade represents a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On White Mountains Insurance Group

A number of institutional investors and hedge funds have recently made changes to their positions in WTM. Gendell Jeffrey L bought a new stake in shares of White Mountains Insurance Group in the 4th quarter worth about $67,578,000. Norges Bank bought a new position in shares of White Mountains Insurance Group during the 4th quarter valued at approximately $66,879,000. Cooke & Bieler LP lifted its position in White Mountains Insurance Group by 40.5% in the third quarter. Cooke & Bieler LP now owns 107,851 shares of the insurance provider’s stock worth $180,275,000 after buying an additional 31,070 shares during the last quarter. M&T Bank Corp bought a new stake in White Mountains Insurance Group in the fourth quarter worth $38,545,000. Finally, River Road Asset Management LLC increased its position in White Mountains Insurance Group by 10.3% during the fourth quarter. River Road Asset Management LLC now owns 120,880 shares of the insurance provider’s stock valued at $251,192,000 after acquiring an additional 11,292 shares during the last quarter. 88.65% of the stock is owned by hedge funds and other institutional investors.

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.