White Mountains Insurance Group (NYSE:WTM) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of White Mountains Insurance Group (NYSE:WTM) from a sell rating to a hold rating in a report released on Saturday.

Other equities analysts also recently issued research reports about the stock. Zacks Research raised shares of White Mountains Insurance Group to a “hold” rating in a research note on Wednesday, May 27th. 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. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

White Mountains Insurance Group Stock Up 1.5%

Shares of NYSE WTM opened at $2,209.32 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 5.43 and a beta of 0.29. White Mountains Insurance Group has a 12 month low of $1,648.00 and a 12 month high of $2,333.00. The stock has a 50-day moving average price of $2,101.82 and a two-hundred day moving average price of $2,144.50.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings results on Wednesday, May 6th. The insurance provider reported ($12.59) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.00) by ($8.59). The company had revenue of $517.80 million during the quarter, compared to analyst estimates of $515.40 million. White Mountains Insurance Group had a net margin of 28.44% and a return on equity of 9.19%. As a group, analysts forecast that White Mountains Insurance Group will post 134 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Gendell Jeffrey L bought a new position in shares of White Mountains Insurance Group during the fourth quarter valued at $67,578,000. Norges Bank bought a new stake in shares of White Mountains Insurance Group in the fourth quarter worth $66,879,000. M&T Bank Corp bought a new stake in shares of White Mountains Insurance Group in the fourth quarter worth $38,545,000. River Road Asset Management LLC increased its holdings in White Mountains Insurance Group by 10.3% in 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 purchasing an additional 11,292 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in White Mountains Insurance Group by 109,257.1% in the fourth 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.

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.