White Mountains Insurance Group (NYSE:WTM) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of White Mountains Insurance Group (NYSE:WTM) from a hold rating to a sell rating in a report issued on Sunday morning.

Other equities research analysts have also recently issued research reports about the company. Zacks Research upgraded White Mountains Insurance Group to a “hold” rating in a report on Wednesday, May 27th. Weiss Ratings lowered White Mountains Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

White Mountains Insurance Group Stock Up 0.9%

WTM stock opened at $2,119.46 on Friday. The company has a market cap of $5.26 billion, a P/E ratio of 5.21 and a beta of 0.29. White Mountains Insurance Group has a 52 week low of $1,648.00 and a 52 week high of $2,333.00. The company’s 50-day moving average price is $2,101.82 and its 200 day moving average price is $2,149.11. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14.

White Mountains Insurance Group (NYSE:WTM) last issued its earnings results on Wednesday, May 6th. The insurance provider reported ($12.59) earnings per share for the quarter, missing the consensus estimate of ($4.00) by ($8.59). The company had revenue of $517.80 million for the quarter, compared to analyst estimates of $515.40 million. White Mountains Insurance Group had a return on equity of 9.19% and a net margin of 28.44%. On average, research analysts expect that White Mountains Insurance Group will post 134 earnings per share for the current fiscal year.

Hedge Funds Weigh In On White Mountains Insurance Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gendell Jeffrey L acquired a new stake in White Mountains Insurance Group in the 4th quarter valued at $67,578,000. Norges Bank acquired a new stake in shares of White Mountains Insurance Group in the fourth quarter valued at about $66,879,000. M&T Bank Corp purchased a new stake in shares of White Mountains Insurance Group during the 4th quarter valued at about $38,545,000. River Road Asset Management LLC lifted its position in White Mountains Insurance Group by 10.3% during the 4th quarter. River Road Asset Management LLC now owns 120,880 shares of the insurance provider’s stock worth $251,192,000 after acquiring an additional 11,292 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in White Mountains Insurance Group by 109,257.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,655 shares of the insurance provider’s stock worth $15,907,000 after acquiring an additional 7,648 shares during the period. Institutional investors and hedge funds own 88.65% of the company’s stock.

White Mountains Insurance Group Company Profile

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.