White Mountains Insurance Group (NYSE:WTM) Sets New 52-Week High – Still a Buy?

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

White Mountains Insurance Group Stock Down 0.2 %

The firm has a 50-day moving average price of $1,794.83 and a two-hundred day moving average price of $1,776.78. The company has a market capitalization of $4.93 billion, a P/E ratio of 7.60 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.

Institutional Trading of White Mountains Insurance Group

Hedge funds have recently bought and sold shares of the stock. OFI Invest Asset Management acquired a new stake in shares of White Mountains Insurance Group during the 2nd quarter worth approximately $526,000. Harbor Capital Advisors Inc. boosted its stake in White Mountains Insurance Group by 282.1% during the second quarter. Harbor Capital Advisors Inc. now owns 1,192 shares of the insurance provider’s stock worth $2,166,000 after buying an additional 880 shares in the last quarter. Reinhart Partners LLC. increased its holdings in White Mountains Insurance Group by 3.9% in the 3rd quarter. Reinhart Partners LLC. now owns 39,369 shares of the insurance provider’s stock valued at $66,778,000 after buying an additional 1,490 shares during the period. Lecap Asset Management Ltd. acquired a new position in shares of White Mountains Insurance Group in the 3rd quarter valued at $502,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of White Mountains Insurance Group by 2,125.0% during the 1st quarter. Russell Investments Group Ltd. now owns 356 shares of the insurance provider’s stock worth $639,000 after acquiring an additional 340 shares during the period. 88.65% of the stock is owned by institutional investors.

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.