Zacks: White Mountains Insurance Group Ltd (NYSE:WTM) Given Average Rating of “Hold” by Brokerages

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White Mountains Insurance Group Ltd (NYSE:WTM) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Zacks has also assigned White Mountains Insurance Group an industry rank of 171 out of 255 based on the ratings given to its competitors.

Separately, ValuEngine cut White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.

WTM traded up $0.14 during midday trading on Friday, reaching $1,111.84. The company’s stock had a trading volume of 877 shares, compared to its average volume of 14,745. The company has a fifty day simple moving average of $1,089.73 and a 200 day simple moving average of $1,060.55. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.37 and a current ratio of 1.37. White Mountains Insurance Group has a twelve month low of $832.88 and a twelve month high of $1,114.90.

White Mountains Insurance Group (NYSE:WTM) last released its earnings results on Wednesday, November 6th. The insurance provider reported ($1.61) earnings per share (EPS) for the quarter. The business had revenue of $37.20 million during the quarter. White Mountains Insurance Group had a net margin of 29.84% and a negative return on equity of 1.24%.

A number of large investors have recently made changes to their positions in the stock. First Trust Advisors LP grew its stake in shares of White Mountains Insurance Group by 4,280.7% in the third quarter. First Trust Advisors LP now owns 20,239 shares of the insurance provider’s stock worth $21,858,000 after purchasing an additional 19,777 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in White Mountains Insurance Group in the second quarter worth $18,525,000. Wells Fargo & Company MN lifted its stake in White Mountains Insurance Group by 14.4% in the second quarter. Wells Fargo & Company MN now owns 74,622 shares of the insurance provider’s stock worth $76,224,000 after purchasing an additional 9,417 shares during the last quarter. State Street Corp lifted its stake in White Mountains Insurance Group by 10.5% in the third quarter. State Street Corp now owns 61,686 shares of the insurance provider’s stock worth $66,621,000 after purchasing an additional 5,843 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in White Mountains Insurance Group by 300.0% in the third quarter. California Public Employees Retirement System now owns 6,692 shares of the insurance provider’s stock worth $7,227,000 after purchasing an additional 5,019 shares during the last quarter. Institutional investors own 86.89% of the company’s stock.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurances services in the United States. The company operates through four segments: HG Global/BAM, NSM, MediaAlpha and Other Operations. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services.

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