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

White Mountains Insurance Group, Ltd. (NYSE:WTM)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2,134.63 and traded as high as $2,198.87. White Mountains Insurance Group shares last traded at $2,163.3530, with a volume of 14,273 shares traded.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Weiss Ratings cut shares of White Mountains Insurance Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Zacks Research upgraded shares of White Mountains Insurance Group to a “hold” rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen downgraded White Mountains Insurance Group from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

White Mountains Insurance Group Stock Up 0.7%

The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 5.37 and a beta of 0.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 0.79. The firm’s 50-day simple moving average is $2,092.90 and its two-hundred day simple moving average is $2,135.57.

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 company had revenue of $517.80 million for the quarter, compared to the consensus estimate of $515.40 million. White Mountains Insurance Group had a net margin of 28.44% and a return on equity of 9.19%. On average, sell-side analysts expect that White Mountains Insurance Group, Ltd. will post 115 EPS for the current fiscal year.

Institutional Investors Weigh In On White Mountains Insurance Group

Several institutional investors have recently modified their holdings of WTM. Gendell Jeffrey L bought a new stake in shares of White Mountains Insurance Group in the 4th quarter valued at about $67,578,000. Norges Bank acquired a new stake in White Mountains Insurance Group during the 4th quarter worth $66,879,000. M&T Bank Corp bought a new position in White Mountains Insurance Group during the fourth quarter worth about $38,545,000. River Road Asset Management LLC lifted its holdings 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 worth $251,192,000 after acquiring an additional 11,292 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of White Mountains Insurance Group by 109,257.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,655 shares of the insurance provider’s stock valued at $15,907,000 after purchasing an additional 7,648 shares during the period. Institutional investors and hedge funds own 88.65% of the company’s stock.

White Mountains Insurance Group Company Profile

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.