White Mountains Insurance Group (NYSE:WTM) Upgraded at StockNews.com

StockNews.com upgraded shares of White Mountains Insurance Group (NYSE:WTM) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

White Mountains Insurance Group Stock Up 1.5%

Shares of WTM opened at $1,796.00 on Tuesday. 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 stock has a market capitalization of $4.62 billion, a PE ratio of 19.96 and a beta of 0.34. The firm’s 50 day moving average is $1,803.11 and its 200-day moving average is $1,868.29. White Mountains Insurance Group has a 12 month low of $1,666.22 and a 12 month high of $2,023.00.

White Mountains Insurance Group (NYSE:WTM) last issued its earnings results on Wednesday, May 7th. The insurance provider reported ($20.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($14.00) by ($6.50). White Mountains Insurance Group had a net margin of 10.29% and a return on equity of 10.56%. The company had revenue of $472.20 million during the quarter.

White Mountains Insurance Group Announces Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 17th were issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a yield of 0.05%. White Mountains Insurance Group’s payout ratio is 9.22%.

Hedge Funds Weigh In On White Mountains Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Arizona State Retirement System increased its position in shares of White Mountains Insurance Group by 0.9% during the fourth quarter. Arizona State Retirement System now owns 746 shares of the insurance provider’s stock worth $1,451,000 after acquiring an additional 7 shares in the last quarter. AMG National Trust Bank lifted its stake in shares of White Mountains Insurance Group by 1.2% during the 4th quarter. AMG National Trust Bank now owns 572 shares of the insurance provider’s stock valued at $1,104,000 after buying an additional 7 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of White Mountains Insurance Group by 5.4% during the 4th quarter. Russell Investments Group Ltd. now owns 137 shares of the insurance provider’s stock valued at $266,000 after buying an additional 7 shares in the last quarter. Main Street Financial Solutions LLC lifted its stake in White Mountains Insurance Group by 0.7% in the 4th quarter. Main Street Financial Solutions LLC now owns 1,009 shares of the insurance provider’s stock worth $1,963,000 after purchasing an additional 7 shares in the last quarter. Finally, GeoWealth Management LLC lifted its stake in White Mountains Insurance Group by 26.9% in the 4th quarter. GeoWealth Management LLC now owns 33 shares of the insurance provider’s stock worth $64,000 after purchasing an additional 7 shares in 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.