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

White Mountains Insurance Group, Ltd. (NYSE:WTM) hit a new 52-week high on Wednesday . The company traded as high as $2,023.00 and last traded at $2,023.00, with a volume of 866 shares. The stock had previously closed at $2,004.53.

White Mountains Insurance Group Stock Performance

The stock has a fifty day simple moving average of $1,834.30 and a 200-day simple moving average of $1,783.78. The stock has a market cap of $5.17 billion, a P/E ratio of 7.97 and a beta of 0.43. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.76 and a current ratio of 0.76.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Hexagon Capital Partners LLC boosted its position in White Mountains Insurance Group by 250.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 14 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 10 shares during the last quarter. UMB Bank n.a. lifted its position in shares of 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 purchasing an additional 8 shares in the last quarter. Family Firm Inc. bought a new position in White Mountains Insurance Group in the second quarter valued at $82,000. GAMMA Investing LLC grew its position in White Mountains Insurance Group by 104.2% in the third 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. Finally, Quarry LP bought a new stake in White Mountains Insurance Group during the 2nd quarter worth about $93,000. 88.65% of the stock is currently 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.