White Mountains Insurance Group (NYSE:WTM) Sets New 12-Month High – Here’s What Happened

White Mountains Insurance Group, Ltd. (NYSE:WTM) hit a new 52-week high during trading on Friday . The stock traded as high as $2,212.28 and last traded at $2,228.7480, with a volume of 1745 shares. The stock had previously closed at $2,126.57.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of White Mountains Insurance Group in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, White Mountains Insurance Group currently has an average rating of “Hold”.

White Mountains Insurance Group Stock Performance

The business’s 50-day simple moving average is $2,056.51 and its 200 day simple moving average is $1,913.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $5.63 billion, a P/E ratio of 40.73 and a beta of 0.36.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings results on Friday, February 6th. The insurance provider reported $39.77 EPS for the quarter. White Mountains Insurance Group had a return on equity of 7.19% and a net margin of 5.63%.

Insider Activity

In other news, Director Philip A. Gelston sold 165 shares of White Mountains Insurance Group stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $2,048.51, for a total value of $338,004.15. Following the completion of the transaction, the director owned 1,568 shares in the company, valued at approximately $3,212,063.68. The trade was a 9.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is owned by insiders.

Institutional Trading of White Mountains Insurance Group

A number of institutional investors have recently bought and sold shares of the stock. Covestor Ltd increased its position in White Mountains Insurance Group by 246.4% during the fourth quarter. Covestor Ltd now owns 97 shares of the insurance provider’s stock valued at $204,000 after acquiring an additional 69 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of White Mountains Insurance Group by 22.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 536 shares of the insurance provider’s stock worth $1,114,000 after purchasing an additional 98 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in White Mountains Insurance Group by 2.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 261 shares of the insurance provider’s stock valued at $542,000 after purchasing an additional 7 shares during the last quarter. Allworth Financial LP lifted its stake in White Mountains Insurance Group by 22.9% in the fourth quarter. Allworth Financial LP now owns 43 shares of the insurance provider’s stock worth $89,000 after purchasing an additional 8 shares during the last quarter. Finally, Swiss Life Asset Management Ltd bought a new stake in White Mountains Insurance Group in the fourth quarter worth about $243,000. 88.65% of the stock is currently owned by institutional investors.

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.