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

White Mountains Insurance Group, Ltd. (NYSE:WTM)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $1,932.81 and last traded at $1,932.81, with a volume of 817 shares changing hands. The stock had previously closed at $1,923.43.

White Mountains Insurance Group Price Performance

The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $4.92 billion, a PE ratio of 7.61 and a beta of 0.43. The stock’s 50-day moving average is $1,791.60 and its two-hundred day moving average is $1,775.79.

Institutional Trading of White Mountains Insurance Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Select Equity Group L.P. boosted its position in White Mountains Insurance Group by 18.9% in the 2nd quarter. Select Equity Group L.P. now owns 59,361 shares of the insurance provider’s stock valued at $107,886,000 after buying an additional 9,430 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in White Mountains Insurance Group by 44.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 22,555 shares of the insurance provider’s stock worth $38,258,000 after acquiring an additional 6,896 shares during the period. Elkhorn Partners Limited Partnership lifted its stake in White Mountains Insurance Group by 32.4% in the first quarter. Elkhorn Partners Limited Partnership now owns 23,600 shares of the insurance provider’s stock worth $42,345,000 after acquiring an additional 5,781 shares during the period. Horizon Kinetics Asset Management LLC increased its position in White Mountains Insurance Group by 422.9% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 7,138 shares of the insurance provider’s stock valued at $12,107,000 after purchasing an additional 5,773 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in shares of White Mountains Insurance Group in the 3rd quarter valued at about $7,585,000. 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.