Wall Street Zen Downgrades White Mountains Insurance Group (NYSE:WTM) to Hold

White Mountains Insurance Group (NYSE:WTM) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

White Mountains Insurance Group Price Performance

WTM opened at $2,031.39 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.74 and a quick ratio of 0.74. White Mountains Insurance Group has a 1 year low of $1,648.00 and a 1 year high of $2,333.00. The stock’s 50 day simple moving average is $2,112.01 and its 200 day simple moving average is $2,137.76. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 4.62 and a beta of 0.30.

Hedge Funds Weigh In On White Mountains Insurance Group

A number of hedge funds and other institutional investors have recently made changes to their positions in WTM. Bank of America Corp DE purchased a new position in White Mountains Insurance Group during the 2nd quarter valued at $51,893,000. The Manufacturers Life Insurance Company purchased a new position in shares of White Mountains Insurance Group during the second quarter valued at about $1,279,000. Public Employees Retirement System of Ohio bought a new position in White Mountains Insurance Group in the second quarter worth about $1,495,000. Allianz Asset Management GmbH bought a new position in White Mountains Insurance Group in the second quarter worth about $1,750,000. Finally, Sei Investments Co. lifted its holdings in White Mountains Insurance Group by 40.2% in the first quarter. Sei Investments Co. now owns 11,098 shares of the insurance provider’s stock worth $24,382,000 after buying an additional 3,182 shares during the period. Institutional investors own 88.65% of the company’s stock.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based financial services holding company that owns and manages businesses primarily focused on property and casualty insurance and reinsurance. The company operates through subsidiaries and affiliated businesses rather than functioning as a traditional single-line insurer.

Its activities have included specialty insurance and reinsurance, insurance program management, and municipal bond insurance. White Mountains also owns or invests in businesses involved in asset management and other insurance-related financial services, including specialty managing general agents and investment-management platforms.

White Mountains serves customers and business partners primarily in the United States, while its Bermuda domicile and reinsurance operations provide an international platform.