White Mountains Insurance Group (NYSE:WTM) Stock Rating Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of White Mountains Insurance Group (NYSE:WTM) from a buy rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, White Mountains Insurance Group presently has an average rating of “Moderate Buy”.

White Mountains Insurance Group Stock Up 0.1%

WTM stock opened at $2,031.39 on Friday. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 4.62 and a beta of 0.30. 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 has a 12 month low of $1,648.00 and a 12 month high of $2,333.00. The firm has a 50-day moving average of $2,112.01 and a two-hundred day moving average of $2,137.81.

Hedge Funds Weigh In On White Mountains Insurance Group

Institutional investors and hedge funds have recently bought and sold shares of the company. River Road Asset Management LLC grew its stake in shares of White Mountains Insurance Group by 10.3% in the 4th quarter. River Road Asset Management LLC now owns 120,880 shares of the insurance provider’s stock valued at $251,192,000 after buying an additional 11,292 shares during the period. BlackRock Inc. purchased a new stake in shares of White Mountains Insurance Group during the 2nd quarter valued at approximately $244,393,000. Wallace Capital Management Inc. purchased a new stake in shares of White Mountains Insurance Group during the 2nd quarter valued at approximately $166,010,000. Reinhart Partners LLC. lifted its holdings in White Mountains Insurance Group by 19.0% in the second quarter. Reinhart Partners LLC. now owns 44,480 shares of the insurance provider’s stock valued at $92,265,000 after acquiring an additional 7,106 shares during the last quarter. Finally, Norges Bank acquired a new position in White Mountains Insurance Group in the fourth quarter valued at approximately $66,879,000. 88.65% of the stock is currently owned by institutional investors and hedge funds.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based financial services holding company that owns and manages businesses primarily focused on property and casualty insurance and reinsurance. The company operates through subsidiaries and affiliated businesses rather than functioning as a traditional single-line insurer.

Its activities have included specialty insurance and reinsurance, insurance program management, and municipal bond insurance. White Mountains also owns or invests in businesses involved in asset management and other insurance-related financial services, including specialty managing general agents and investment-management platforms.

White Mountains serves customers and business partners primarily in the United States, while its Bermuda domicile and reinsurance operations provide an international platform.