White Mountains Insurance Group (NYSE:WTM) Reaches New 52-Week High at $1,229.01

White Mountains Insurance Group, Ltd. (NYSE:WTMGet Rating) hit a new 52-week high during trading on Wednesday . The stock traded as high as $1,229.01 and last traded at $1,225.34, with a volume of 402 shares changing hands. The stock had previously closed at $1,190.38.

Separately, StockNews.com raised shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 17th.

The firm has a market cap of $3.64 billion, a price-to-earnings ratio of -22.48 and a beta of 0.49. The firm’s 50 day moving average is $1,099.06 and its 200-day moving average is $1,059.20. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.72 and a current ratio of 0.72.

White Mountains Insurance Group (NYSE:WTMGet Rating) last posted its earnings results on Friday, May 6th. The insurance provider reported $7.64 earnings per share for the quarter. The company had revenue of $338.50 million for the quarter.

The company also recently disclosed an annual dividend, which was paid on Wednesday, March 23rd. Stockholders of record on Monday, March 14th were paid a $1.00 dividend. This represents a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, March 11th. White Mountains Insurance Group’s payout ratio is -1.86%.

A number of institutional investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd grew its position in shares of White Mountains Insurance Group by 30.3% in the fourth quarter. Qube Research & Technologies Ltd now owns 5,927 shares of the insurance provider’s stock valued at $6,009,000 after purchasing an additional 1,380 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in White Mountains Insurance Group by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 150,113 shares of the insurance provider’s stock valued at $160,565,000 after buying an additional 6,541 shares during the last quarter. Goldman Sachs Group Inc. increased its position in White Mountains Insurance Group by 41.5% in the 3rd quarter. Goldman Sachs Group Inc. now owns 8,843 shares of the insurance provider’s stock worth $9,459,000 after buying an additional 2,595 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of White Mountains Insurance Group by 2.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,362 shares of the insurance provider’s stock worth $7,464,000 after buying an additional 153 shares during the last quarter. Finally, Royce & Associates LP boosted its position in shares of White Mountains Insurance Group by 89.2% in the fourth quarter. Royce & Associates LP now owns 13,046 shares of the insurance provider’s stock valued at $13,227,000 after acquiring an additional 6,149 shares during the period. 88.95% of the stock is owned by hedge funds and other institutional investors.

White Mountains Insurance Group Company Profile (NYSE:WTM)

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