White Mountains Insurance Group (NYSE:WTM) Reaches New 12-Month High at $1,855.00

White Mountains Insurance Group, Ltd. (NYSE:WTM)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $1,855.00 and last traded at $1,840.52, with a volume of 3237 shares traded. The stock had previously closed at $1,823.74.

Wall Street Analyst Weigh In

WTM has been the subject of several research analyst reports. StockNews.com lowered White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. TheStreet upgraded White Mountains Insurance Group from a “c+” rating to a “b” rating in a research note on Wednesday, January 17th.

White Mountains Insurance Group Stock Up 0.1 %

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average is $1,761.09 and its 200-day moving average is $1,612.99. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 9.21 and a beta of 0.42.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $27.14 earnings per share for the quarter. White Mountains Insurance Group had a net margin of 23.50% and a return on equity of 4.08%. The business had revenue of $453.80 million for the quarter.

White Mountains Insurance Group Dividend Announcement

The business also recently declared an annual dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 11th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a yield of 0.06%. White Mountains Insurance Group’s payout ratio is currently 0.50%.

Institutional Trading of White Mountains Insurance Group

A number of large investors have recently bought and sold shares of WTM. Invesco Ltd. grew its stake in White Mountains Insurance Group by 40.1% in the 3rd quarter. Invesco Ltd. now owns 6,563 shares of the insurance provider’s stock valued at $9,816,000 after buying an additional 1,877 shares in the last quarter. Morgan Stanley lifted its holdings in White Mountains Insurance Group by 0.5% during the 3rd quarter. Morgan Stanley now owns 202,923 shares of the insurance provider’s stock worth $303,512,000 after purchasing an additional 914 shares in the last quarter. QRG Capital Management Inc. bought a new position in White Mountains Insurance Group in the 3rd quarter worth about $776,000. Envestnet Asset Management Inc. grew its holdings in White Mountains Insurance Group by 67.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 12,083 shares of the insurance provider’s stock valued at $18,072,000 after buying an additional 4,875 shares in the last quarter. Finally, UBS Group AG lifted its stake in White Mountains Insurance Group by 51.0% in the 3rd quarter. UBS Group AG now owns 1,770 shares of the insurance provider’s stock worth $2,647,000 after purchasing an additional 598 shares in the last quarter. 88.65% of the stock is owned by hedge funds and other institutional investors.

About White Mountains Insurance Group

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.