White Mountains Insurance Group (NYSE:WTM) Hits New 12-Month High – Here’s Why

White Mountains Insurance Group, Ltd. (NYSE:WTM)’s stock price hit a new 52-week high on Friday . The company traded as high as $1,899.91 and last traded at $1,899.91, with a volume of 2864 shares trading hands. The stock had previously closed at $1,884.61.

White Mountains Insurance Group Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $4.85 billion, a P/E ratio of 8.53 and a beta of 0.43. The stock’s 50-day moving average is $1,762.57 and its 200 day moving average is $1,761.13.

White Mountains Insurance Group (NYSE:WTM) last issued its quarterly earnings results on Wednesday, August 7th. The insurance provider reported ($2.74) EPS for the quarter. The company had revenue of $455.60 million during the quarter. White Mountains Insurance Group had a return on equity of 7.62% and a net margin of 21.40%.

Institutional Investors Weigh In On White Mountains Insurance Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hexagon Capital Partners LLC boosted its position in shares of White Mountains Insurance Group by 250.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 14 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 10 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of White Mountains Insurance Group in the first quarter worth approximately $34,000. UMB Bank n.a. lifted its stake in White Mountains Insurance Group by 40.0% in the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 8 shares during the period. Family Firm Inc. acquired a new stake in White Mountains Insurance Group in the second quarter valued at approximately $82,000. Finally, GAMMA Investing LLC increased its stake in White Mountains Insurance Group by 104.2% during the 3rd quarter. GAMMA Investing LLC now owns 49 shares of the insurance provider’s stock valued at $83,000 after purchasing an additional 25 shares in the last quarter. 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.