White Mountains Insurance Group (NYSE:WTM) Rating Increased to Hold at Wall Street Zen

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

A number of other equities analysts also recently commented on the stock. Zacks Research raised shares of White Mountains Insurance Group to a “hold” rating in a report on Wednesday, May 27th. Weiss Ratings lowered shares of White Mountains Insurance Group from a “buy (b)” rating to a “buy (b-)” rating in a research 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.com, the company currently has a consensus rating of “Moderate Buy”.

White Mountains Insurance Group Price Performance

Shares of NYSE:WTM opened at $2,209.32 on Friday. The business’s 50 day moving average is $2,101.82 and its 200-day moving average is $2,144.50. 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 firm has a market capitalization of $5.48 billion, a PE ratio of 5.43 and a beta of 0.29. White Mountains Insurance Group has a 1-year low of $1,648.00 and a 1-year high of $2,333.00.

White Mountains Insurance Group (NYSE:WTM) last issued its earnings results on Wednesday, May 6th. The insurance provider reported ($12.59) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $517.80 million during the quarter, compared to the consensus estimate of $515.40 million. Sell-side analysts predict that White Mountains Insurance Group will post 134 earnings per share for the current year.

Institutional Investors Weigh In On White Mountains Insurance Group

Several large investors have recently made changes to their positions in the company. NewEdge Wealth LLC increased its position in shares of White Mountains Insurance Group by 4.3% during the 4th quarter. NewEdge Wealth LLC now owns 122 shares of the insurance provider’s stock worth $254,000 after purchasing an additional 5 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its stake in White Mountains Insurance Group by 10.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 55 shares of the insurance provider’s stock worth $114,000 after buying an additional 5 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of White Mountains Insurance Group by 2.2% during the fourth quarter. Wedbush Securities Inc. now owns 229 shares of the insurance provider’s stock worth $476,000 after buying an additional 5 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of White Mountains Insurance Group by 19.4% in the fourth quarter. Clearstead Advisors LLC now owns 37 shares of the insurance provider’s stock valued at $77,000 after acquiring an additional 6 shares during the last quarter. Finally, Bank of Nova Scotia boosted its holdings in shares of White Mountains Insurance Group by 3.1% in the 3rd quarter. Bank of Nova Scotia now owns 202 shares of the insurance provider’s stock worth $338,000 after acquiring an additional 6 shares in the last quarter. 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.