White Mountains Insurance Group (NYSE:WTM) Hits New 12-Month High – Should You Buy?

White Mountains Insurance Group, Ltd. (NYSE:WTM)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $1,958.94 and last traded at $1,958.56, with a volume of 2585 shares trading hands. The stock had previously closed at $1,944.99.

White Mountains Insurance Group Trading Up 0.9 %

The company has a market cap of $5.11 billion, a price-to-earnings ratio of 7.87 and a beta of 0.43. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $1,810.39 and its two-hundred day simple moving average is $1,780.17.

Hedge Funds Weigh In On White Mountains Insurance Group

Several large investors have recently bought and sold shares of WTM. River Road Asset Management LLC boosted its position in shares of White Mountains Insurance Group by 1.6% in the 3rd quarter. River Road Asset Management LLC now owns 118,206 shares of the insurance provider’s stock valued at $200,501,000 after purchasing an additional 1,886 shares during the period. Wallace Capital Management Inc. boosted its holdings in shares of White Mountains Insurance Group by 1.3% in the third quarter. Wallace Capital Management Inc. now owns 82,366 shares of the insurance provider’s stock valued at $139,708,000 after acquiring an additional 1,062 shares during the period. Select Equity Group L.P. increased its holdings in shares of 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 acquiring an additional 9,430 shares during the period. State Street Corp increased its holdings in shares of White Mountains Insurance Group by 5.2% in the 3rd quarter. State Street Corp now owns 54,877 shares of the insurance provider’s stock valued at $93,082,000 after acquiring an additional 2,714 shares during the period. Finally, Geode Capital Management LLC grew its position in White Mountains Insurance Group by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 39,844 shares of the insurance provider’s stock worth $67,603,000 after purchasing an additional 273 shares during the last quarter. Institutional investors and hedge funds 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.