White Mountains Insurance Group (NYSE:WTM – Get Rating) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.
Separately, TheStreet upgraded White Mountains Insurance Group from a “c” rating to a “b-” rating in a research report on Monday, June 6th.
Price Performance of White Mountains Insurance Group
Shares of WTM stock traded up $6.16 on Monday, reaching $1,371.01. 17,069 shares of the company’s stock were exchanged, compared to its average volume of 15,363. The stock has a fifty-day moving average of $1,265.71 and a 200-day moving average of $1,168.19. White Mountains Insurance Group has a twelve month low of $978.51 and a twelve month high of $1,373.98. The firm has a market cap of $3.99 billion, a PE ratio of -8.84 and a beta of 0.43. The company has a quick ratio of 0.69, a current ratio of 0.69, and a debt-to-equity ratio of 0.18.
Insiders place their bets
In other White Mountains Insurance Group news, CAO Michaela Hildreth sold 100 shares of the business’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $1,270.94, for a total transaction of $127,094.00. Following the sale, the chief accounting officer now directly owns 1,563 shares in the company, valued at $1,986,479.22. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. 2.57% of the shares are owned by company insiders.
Institutional Trading of the White Mountains Insurance Group
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. purchased a new stake in shares of White Mountains Insurance Group during the second quarter valued at approximately $30,000. Quent Capital LLC bought a new stake in shares of White Mountains Insurance Group during the fourth quarter worth about $42,000. Ronald Blue Trust Inc. purchased a new stake in shares of White Mountains Insurance Group during the second quarter valued at approximately $47,000. Sageworth Trust Co of South Dakota boosted its holdings in shares of White Mountains Insurance Group by 100.0% during the second quarter. Sageworth Trust Co of South Dakota now owns 42 shares of the insurance provider’s stock valued at $52,000 after buying an additional 21 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of White Mountains Insurance Group during the 1st quarter worth about $70,000. Hedge funds and other institutional investors own 88.95% of the company’s shares.
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 in five segments: HG Global/BAM, Ark, NSM, Kudu and Other Operations. The HG Global/BAM segment provides insurance for municipal bonds issued to finance public purposes, such as schools, utilities and transportation facilities, as well as reinsurance protection services.
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