White Mountains Insurance Group (NYSE:WTM) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

White Mountains Insurance Group, Ltd. (NYSE:WTM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2,134.63 and traded as high as $2,198.87. White Mountains Insurance Group shares last traded at $2,163.3530, with a volume of 14,273 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WTM. Zacks Research raised White Mountains Insurance Group to a “hold” rating in a research report on Wednesday, May 27th. 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. Finally, Weiss Ratings cut shares of White Mountains Insurance Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

White Mountains Insurance Group Trading Down 0.1%

The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $5.37 billion, a PE ratio of 5.32 and a beta of 0.29. The stock has a 50 day moving average price of $2,094.91 and a 200-day moving average price of $2,134.63.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings data on Wednesday, May 6th. The insurance provider reported ($12.59) EPS for the quarter, missing analysts’ consensus estimates of ($4.00) by ($8.59). White Mountains Insurance Group had a net margin of 28.44% and a return on equity of 9.19%. The firm had revenue of $517.80 million for the quarter, compared to analysts’ expectations of $515.40 million. Sell-side analysts expect that White Mountains Insurance Group, Ltd. will post 115 earnings per share for the current year.

Institutional Trading of White Mountains Insurance Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WTM. Integrated Wealth Concepts LLC boosted its stake in shares of White Mountains Insurance Group by 19.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 163 shares of the insurance provider’s stock worth $314,000 after acquiring an additional 27 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of White Mountains Insurance Group by 17.2% in the 1st quarter. NewEdge Advisors LLC now owns 170 shares of the insurance provider’s stock worth $327,000 after purchasing an additional 25 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in White Mountains Insurance Group by 54.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,259 shares of the insurance provider’s stock worth $8,202,000 after purchasing an additional 1,504 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in White Mountains Insurance Group by 11.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,287 shares of the insurance provider’s stock worth $21,737,000 after purchasing an additional 1,183 shares during the period. Finally, Jane Street Group LLC lifted its position in White Mountains Insurance Group by 101.4% during the first quarter. Jane Street Group LLC now owns 578 shares of the insurance provider’s stock valued at $1,113,000 after purchasing an additional 291 shares in the last quarter. 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.