White Mountains Insurance Group (NYSE:WTM) Stock Rating Upgraded by Zacks Research

White Mountains Insurance Group (NYSE:WTM) was upgraded by equities researchers at Zacks Research to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other research firms have also weighed in on WTM. Wall Street Zen lowered shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded White Mountains Insurance Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, White Mountains Insurance Group presently has a consensus rating of “Moderate Buy”.

White Mountains Insurance Group Stock Down 0.8%

NYSE:WTM opened at $2,084.15 on Wednesday. White Mountains Insurance Group has a 1-year low of $1,648.00 and a 1-year high of $2,333.00. The company has a 50-day moving average of $2,195.61 and a 200 day moving average of $2,122.00. The firm has a market cap of $5.17 billion, a PE ratio of 5.13 and a beta of 0.32. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.79 and a quick ratio of 0.79.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings data 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). White Mountains Insurance Group had a return on equity of 9.19% and a net margin of 28.44%.The business had revenue of $517.80 million during the quarter, compared to analysts’ expectations of $515.40 million. As a group, research analysts anticipate that White Mountains Insurance Group will post 115 EPS for the current fiscal year.

Institutional Trading of White Mountains Insurance Group

Several hedge funds have recently modified their holdings of WTM. JPMorgan Chase & Co. boosted its position in shares of White Mountains Insurance Group by 86.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,322 shares of the insurance provider’s stock worth $7,224,000 after purchasing an additional 1,999 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of White Mountains Insurance Group in the 3rd quarter worth $2,950,000. Mraz Amerine & Associates Inc. boosted its position in shares of White Mountains Insurance Group by 4.8% in the 3rd quarter. Mraz Amerine & Associates Inc. now owns 22,606 shares of the insurance provider’s stock worth $37,787,000 after purchasing an additional 1,030 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of White Mountains Insurance Group by 83.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,100 shares of the insurance provider’s stock worth $1,839,000 after purchasing an additional 500 shares in the last quarter. Finally, Triad Investment Management acquired a new stake in shares of White Mountains Insurance Group in the 4th quarter worth $5,294,000. 88.65% of the stock is owned by hedge funds and other 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.