White Mountains Insurance Group (NYSE:WTM) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of White Mountains Insurance Group (NYSE:WTM) to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

Several other equities research analysts also recently issued reports on the company. Weiss Ratings downgraded White Mountains Insurance Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, May 7th. Wall Street Zen downgraded White Mountains Insurance Group from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

White Mountains Insurance Group Stock Performance

Shares of White Mountains Insurance Group stock opened at $2,084.15 on Wednesday. White Mountains Insurance Group has a 52 week low of $1,648.00 and a 52 week high of $2,333.00. The business’s fifty day simple moving average is $2,195.61 and its 200-day simple moving average is $2,122.00. The firm has a market cap of $5.17 billion, a PE ratio of 5.13 and a beta of 0.32. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.14.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings results on Wednesday, May 6th. The insurance provider reported ($12.59) EPS for the quarter, missing the consensus estimate of ($4.00) by ($8.59). The firm had revenue of $517.80 million for the quarter, compared to analysts’ expectations of $515.40 million. White Mountains Insurance Group had a return on equity of 9.19% and a net margin of 28.44%. Equities analysts forecast that White Mountains Insurance Group will post 115 earnings per share for the current year.

Institutional Investors Weigh In On White Mountains Insurance Group

Several large investors have recently bought and sold shares of the stock. Edgestream Partners L.P. increased its holdings in White Mountains Insurance Group by 491.7% during the 1st quarter. Edgestream Partners L.P. now owns 3,130 shares of the insurance provider’s stock worth $6,876,000 after purchasing an additional 2,601 shares during the period. Amundi purchased a new stake in White Mountains Insurance Group during the 1st quarter worth about $1,351,000. California State Teachers Retirement System increased its holdings in White Mountains Insurance Group by 17.5% during the 1st quarter. California State Teachers Retirement System now owns 2,887 shares of the insurance provider’s stock worth $6,343,000 after purchasing an additional 430 shares during the period. Royal Bank of Canada increased its holdings in White Mountains Insurance Group by 8.9% during the 1st quarter. Royal Bank of Canada now owns 1,195 shares of the insurance provider’s stock worth $2,626,000 after purchasing an additional 98 shares during the period. Finally, Empowered Funds LLC increased its holdings in White Mountains Insurance Group by 1,342.7% during the 1st quarter. Empowered Funds LLC now owns 1,284 shares of the insurance provider’s stock worth $2,821,000 after purchasing an additional 1,195 shares during the period. Hedge funds and other institutional investors own 88.65% of the company’s stock.

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.