White Mountains Insurance Group (NYSE:WTM) Upgraded to Buy 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 report released on Saturday,Wall Street Zen reports.

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

White Mountains Insurance Group Stock Down 0.5%

Shares of NYSE WTM opened at $2,100.96 on Friday. White Mountains Insurance Group has a 1 year low of $1,648.00 and a 1 year high of $2,333.00. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 4.78 and a beta of 0.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.74 and a current ratio of 0.74. The stock’s 50-day simple moving average is $2,142.10 and its 200-day simple moving average is $2,154.33.

Institutional Investors Weigh In On White Mountains Insurance Group

A number of institutional investors have recently modified their holdings of WTM. Smartleaf Asset Management LLC grew its stake in White Mountains Insurance Group by 100.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 14 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 7 shares in the last quarter. Gables Capital Management Inc. acquired a new stake in White Mountains Insurance Group during the second quarter valued at approximately $31,000. Global Assets Advisory LLC acquired a new stake in White Mountains Insurance Group during the first quarter valued at approximately $33,000. Geneos Wealth Management Inc. lifted its holdings in White Mountains Insurance Group by 325.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider’s stock worth $33,000 after buying an additional 13 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in White Mountains Insurance Group during the 4th quarter worth approximately $39,000. 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.