White Mountains Insurance Group (NYSE:WTM) Shares Cross Above 200 Day Moving Average – Here’s Why

White Mountains Insurance Group, Ltd. (NYSE:WTM)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 traded.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Weiss Ratings raised White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b+)” rating in a research report on Monday, March 2nd. Wall Street Zen raised White Mountains Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

White Mountains Insurance Group Price Performance

The firm has a market cap of $5.46 billion, a P/E ratio of 5.11 and a beta of 0.32. The business’s fifty day simple moving average is $2,149.70 and its 200-day simple moving average is $2,005.92. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.14.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings results on Friday, February 6th. The insurance provider reported $39.77 EPS for the quarter, missing analysts’ consensus estimates 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 will be paid on Wednesday, March 25th. Investors of record on Monday, March 16th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a yield of 5.0%. White Mountains Insurance Group’s dividend payout ratio is 0.23%.

Institutional Inflows and Outflows

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