White Mountains Insurance Group (NYSE:WTM) Reaches New 1-Year High – Still a Buy?

Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) hit a new 52-week high 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 Stock Performance

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 stock has a fifty day moving average price of $1,810.39 and a 200-day moving average price of $1,780.17. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 7.87 and a beta of 0.43.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. River Road Asset Management LLC increased its holdings 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 in the last quarter. Wallace Capital Management Inc. grew its holdings in shares of White Mountains Insurance Group by 1.3% in the 3rd quarter. Wallace Capital Management Inc. now owns 82,366 shares of the insurance provider’s stock worth $139,708,000 after acquiring an additional 1,062 shares during the period. Select Equity Group L.P. increased its stake in 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 purchasing an additional 9,430 shares in the last quarter. State Street Corp raised its holdings in White Mountains Insurance Group by 5.2% during the third quarter. State Street Corp now owns 54,877 shares of the insurance provider’s stock worth $93,082,000 after purchasing an additional 2,714 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in White Mountains Insurance Group by 0.7% during the third 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 in the last quarter. 88.65% of the stock is owned by hedge funds and other institutional investors.

About White Mountains Insurance Group

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.