White Mountains Insurance Group (NYSE:WTM) Reaches New 52-Week High – Still a Buy?

White Mountains Insurance Group, Ltd. (NYSE:WTM) shares reached a new 52-week high on Thursday . The stock traded as high as $1,958.94 and last traded at $1,958.56, with a volume of 2585 shares traded. The stock had previously closed at $1,944.99.

White Mountains Insurance Group Trading Up 1.4 %

The company has a fifty day moving average of $1,805.17 and a 200-day moving average of $1,778.84. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 7.70 and a beta of 0.43. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.10.

Institutional Investors Weigh In On White Mountains Insurance Group

A number of institutional investors have recently modified their holdings of WTM. Hexagon Capital Partners LLC lifted its position in shares of White Mountains Insurance Group by 250.0% during the second quarter. Hexagon Capital Partners LLC now owns 14 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 10 shares in the last quarter. UMB Bank n.a. boosted its holdings in White Mountains Insurance Group by 40.0% in the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 8 shares during the period. Family Firm Inc. purchased a new stake in White Mountains Insurance Group during the 2nd quarter worth about $82,000. GAMMA Investing LLC raised its position in White Mountains Insurance Group by 104.2% in the 3rd quarter. GAMMA Investing LLC now owns 49 shares of the insurance provider’s stock valued at $83,000 after purchasing an additional 25 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of White Mountains Insurance Group during the second quarter worth about $93,000. 88.65% of the stock is owned by institutional investors and hedge funds.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. 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.