White Mountains Insurance Group (NYSE:WTM) Stock Passes Above 200 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 $2,005.92 and traded as high as $2,220.56. White Mountains Insurance Group shares last traded at $2,209.7040, with a volume of 16,453 shares changing hands.

Analysts Set New Price Targets

WTM has been the topic of several research reports. Wall Street Zen raised White Mountains Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Weiss Ratings raised shares of White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b+)” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

White Mountains Insurance Group Stock Performance

The business’s 50-day moving average price is $2,155.36 and its 200-day moving average price is $2,008.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of $5.48 billion, a P/E ratio of 5.13 and a beta of 0.32.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings data on Friday, February 6th. The insurance provider reported $39.77 EPS for the quarter, missing the consensus estimate of $379.45 by ($339.68). The company had revenue of $1.60 billion during the quarter. White Mountains Insurance Group had a return on equity of 8.12% and a net margin of 29.62%.

White Mountains Insurance Group Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, March 25th. Stockholders of record on Monday, March 16th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a dividend yield of 5.0%. White Mountains Insurance Group’s dividend payout ratio (DPR) is 0.23%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. raised its stake in White Mountains Insurance Group by 36.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 300 shares of the insurance provider’s stock worth $624,000 after acquiring an additional 80 shares during the period. Corient Private Wealth LLC increased its stake in shares of White Mountains Insurance Group by 51.5% in the fourth quarter. Corient Private Wealth LLC now owns 906 shares of the insurance provider’s stock worth $1,882,000 after purchasing an additional 308 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of White Mountains Insurance Group by 335.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 61 shares of the insurance provider’s stock worth $127,000 after purchasing an additional 47 shares in the last quarter. River Road Asset Management LLC raised its position in shares of White Mountains Insurance Group by 10.3% during the 4th 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, Kera Capital Partners Inc. purchased a new position in shares of White Mountains Insurance Group during the 4th quarter valued at $233,000. 88.65% of the stock is currently owned by institutional investors.

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.