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

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

Separately, Weiss Ratings upgraded shares of White Mountains Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

White Mountains Insurance Group Stock Performance

Shares of WTM stock opened at $2,244.30 on Friday. White Mountains Insurance Group has a 12-month low of $1,870.00 and a 12-month high of $2,378.94. The stock has a 50 day simple moving average of $2,120.24 and a 200-day simple moving average of $2,142.11. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 5.94 and a beta of 0.28. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.15.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings data on Thursday, November 5th. The insurance provider reported $38.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $35.65. The business had revenue of $641.10 million during the quarter, compared to analyst estimates of $641.10 million. White Mountains Insurance Group had a net margin of 29.29% and a return on equity of 5.11%. On average, equities analysts forecast that White Mountains Insurance Group will post 106.20 EPS for the current year.

Institutional Trading of White Mountains Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in White Mountains Insurance Group during the 2nd quarter worth approximately $244,393,000. Cooke & Bieler LP lifted its position in White Mountains Insurance Group by 2.4% in the 3rd quarter. Cooke & Bieler LP now owns 87,203 shares of the insurance provider’s stock valued at $174,972,000 after acquiring an additional 2,083 shares in the last quarter. Wallace Capital Management Inc. purchased a new position in shares of White Mountains Insurance Group during the second quarter valued at about $166,010,000. Reinhart Partners LLC. boosted its stake in shares of White Mountains Insurance Group by 19.0% during the 2nd quarter. Reinhart Partners LLC. now owns 44,480 shares of the insurance provider’s stock worth $92,265,000 after purchasing an additional 7,106 shares during the period. Finally, Bank of America Corp DE purchased a new stake in shares of White Mountains Insurance Group in the second quarter valued at approximately $51,893,000. Institutional investors own 88.65% of the company’s stock.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is a Bermuda-based holding company that owns and manages businesses in the property and casualty insurance, reinsurance, insurance services and asset management sectors. Rather than operating as a single traditional insurer, the company invests in and supports a portfolio of specialty businesses.

Its insurance-related operations have included specialty insurance and reinsurance platforms serving commercial and personal lines, program administrators, and municipal bond insurance.