White Mountains Insurance Group (NYSE:WTM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of White Mountains Insurance Group (NYSE:WTM) from a hold rating to a buy rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings upgraded shares of White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b+)” rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

White Mountains Insurance Group Stock Down 0.9%

Shares of WTM opened at $2,145.30 on Friday. White Mountains Insurance Group has a 52-week low of $1,648.00 and a 52-week high of $2,264.70. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $2,120.20 and a two-hundred day simple moving average of $1,977.12. The company has a market capitalization of $5.30 billion, a PE ratio of 4.96 and a beta of 0.32.

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

White Mountains Insurance Group Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Monday, March 16th will be paid a $1.00 dividend. This represents a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, March 16th. White Mountains Insurance Group’s dividend payout ratio is 0.23%.

Insider Buying and Selling at White Mountains Insurance Group

In other news, Director Philip A. Gelston sold 165 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $2,048.51, for a total transaction of $338,004.15. Following the completion of the transaction, the director directly owned 1,568 shares in the company, valued at approximately $3,212,063.68. This represents a 9.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Cooke & Bieler LP lifted its holdings in shares of White Mountains Insurance Group by 40.5% in the 3rd quarter. Cooke & Bieler LP now owns 107,851 shares of the insurance provider’s stock worth $180,275,000 after acquiring an additional 31,070 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in White Mountains Insurance Group in the 3rd quarter valued at approximately $2,950,000. Allspring Global Investments Holdings LLC increased its holdings in White Mountains Insurance Group by 7.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 31,698 shares of the insurance provider’s stock valued at $52,318,000 after purchasing an additional 2,113 shares during the last quarter. Mraz Amerine & Associates Inc. raised its position in White Mountains Insurance Group by 4.8% in the third quarter. Mraz Amerine & Associates Inc. now owns 22,606 shares of the insurance provider’s stock valued at $37,787,000 after purchasing an additional 1,030 shares during the period. Finally, Regency Capital Management Inc. DE purchased a new stake in White Mountains Insurance Group in the third quarter valued at approximately $1,356,000. 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.