White Mountains Insurance Group (NYSE:WTM) Stock Price Breaks Above Two Hundred Day Moving Average – Here’s Why

White Mountains Insurance Group, Ltd. (NYSE:WTM)’s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $2,123.24 and traded as high as $2,177.63. White Mountains Insurance Group shares last traded at $2,168.0960, with a volume of 16,986 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WTM shares. Weiss Ratings upgraded shares of White Mountains Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. 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. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

White Mountains Insurance Group Price Performance

The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $2,085.60 and a 200-day moving average of $2,123.50. The firm has a market capitalization of $5.27 billion, a P/E ratio of 5.03 and a beta of 0.28.

Hedge Funds Weigh In On White Mountains Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of WTM. Gables Capital Management Inc. bought a new stake in shares of White Mountains Insurance Group during the 2nd quarter valued at $31,000. Global Assets Advisory LLC acquired a new stake in shares of White Mountains Insurance Group during the 1st quarter worth $33,000. Keating Financial Advisory Services Inc. bought a new position in shares of White Mountains Insurance Group in the second quarter worth $44,000. Versant Capital Management Inc increased its position in shares of White Mountains Insurance Group by 45.8% in the third quarter. Versant Capital Management Inc now owns 35 shares of the insurance provider’s stock worth $70,000 after purchasing an additional 11 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of White Mountains Insurance Group in the second quarter worth $83,000. 88.65% of the stock is currently owned by institutional investors and hedge funds.

About White Mountains Insurance Group

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.