White Mountains Insurance Group (NYSE:WTM) Hits New 1-Year High – What’s Next?

White Mountains Insurance Group, Ltd. (NYSE:WTM) shares hit a new 52-week high on Thursday . The stock traded as high as $1,900.71 and last traded at $1,880.30, with a volume of 2422 shares traded. The stock had previously closed at $1,885.69.

White Mountains Insurance Group Trading Down 0.6 %

The stock has a market capitalization of $4.82 billion, a P/E ratio of 9.81 and a beta of 0.43. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average price is $1,782.30 and its 200-day moving average price is $1,769.95.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings results on Wednesday, August 7th. The insurance provider reported ($2.74) earnings per share (EPS) for the quarter. The company had revenue of $455.60 million during the quarter. White Mountains Insurance Group had a net margin of 21.40% and a return on equity of 7.62%.

Hedge Funds Weigh In On White Mountains Insurance Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in WTM. BNP Paribas Financial Markets grew its position in shares of White Mountains Insurance Group by 34.2% in the 1st quarter. BNP Paribas Financial Markets now owns 153 shares of the insurance provider’s stock worth $275,000 after buying an additional 39 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in White Mountains Insurance Group in the first quarter worth $255,000. Fidelis Capital Partners LLC acquired a new position in shares of White Mountains Insurance Group during the first quarter worth $34,000. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of White Mountains Insurance Group by 24.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 315 shares of the insurance provider’s stock valued at $565,000 after purchasing an additional 62 shares during the last quarter. Finally, Equity Investment Corp acquired a new position in White Mountains Insurance Group during the 1st quarter valued at about $219,000. Hedge funds and other institutional investors own 88.65% of the company’s stock.

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.