Wall Street Zen Upgrades White Mountains Insurance Group (NYSE:WTM) to “Buy”

White Mountains Insurance Group (NYSE:WTM) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other research analysts have also weighed in on WTM. Weiss Ratings raised shares of White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Zacks Research raised White Mountains Insurance Group to a “hold” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, White Mountains Insurance Group presently has an average rating of “Moderate Buy”.

White Mountains Insurance Group Stock Down 0.1%

Shares of NYSE:WTM opened at $2,100.96 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $2,142.10 and a two-hundred day moving average of $2,154.08. The stock has a market cap of $5.02 billion, a P/E ratio of 4.78 and a beta of 0.30. White Mountains Insurance Group has a 52-week low of $1,648.00 and a 52-week high of $2,333.00.

Hedge Funds Weigh In On White Mountains Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its position in shares of White Mountains Insurance Group by 198,189.9% in the second quarter. California State Teachers Retirement System now owns 5,724,630 shares of the insurance provider’s stock valued at $11,869,391,000 after acquiring an additional 5,721,743 shares in the last quarter. BlackRock Inc. purchased a new stake in White Mountains Insurance Group in the second quarter valued at approximately $244,393,000. Wallace Capital Management Inc. acquired a new stake in shares of White Mountains Insurance Group during the 2nd quarter worth $166,010,000. Gendell Jeffrey L acquired a new position in shares of White Mountains Insurance Group in the 4th quarter valued at about $67,578,000. Finally, Norges Bank purchased a new stake in White Mountains Insurance Group during the fourth quarter worth approximately $66,879,000. 88.65% of the stock is owned by institutional investors and hedge funds.

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.