White Mountains Insurance Group (NYSE:WTM) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of White Mountains Insurance Group (NYSE:WTM) from a hold rating to a sell rating in a research note released on Sunday morning.

Several other brokerages have also commented on WTM. Weiss Ratings lowered White Mountains Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Zacks Research raised shares of White Mountains Insurance Group to a “hold” rating in a research note on Wednesday, May 27th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, White Mountains Insurance Group currently has an average rating of “Hold”.

White Mountains Insurance Group Price Performance

WTM stock opened at $2,101.60 on Friday. The firm has a 50 day moving average of $2,103.01 and a 200-day moving average of $2,148.47. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. White Mountains Insurance Group has a 12 month low of $1,648.00 and a 12 month high of $2,333.00. The firm has a market capitalization of $5.21 billion, a P/E ratio of 5.17 and a beta of 0.29.

White Mountains Insurance Group (NYSE:WTM) last posted its earnings results on Wednesday, May 6th. The insurance provider reported ($12.59) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.00) by ($8.59). The firm had revenue of $517.80 million for the quarter, compared to the consensus estimate of $515.40 million. White Mountains Insurance Group had a return on equity of 9.19% and a net margin of 28.44%. As a group, sell-side analysts predict that White Mountains Insurance Group will post 134 earnings per share for the current fiscal year.

Institutional Investors Weigh In On White Mountains Insurance Group

A number of hedge funds have recently made changes to their positions in WTM. Torren Management LLC bought a new position in shares of White Mountains Insurance Group during the fourth quarter valued at about $27,000. Smartleaf Asset Management LLC increased its holdings in shares of White Mountains Insurance Group by 100.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 14 shares of the insurance provider’s stock worth $29,000 after buying an additional 7 shares during the period. Global Assets Advisory LLC bought a new stake in shares of White Mountains Insurance Group in the 1st quarter valued at about $33,000. Geneos Wealth Management Inc. lifted its stake in shares of White Mountains Insurance Group by 325.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 13 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in White Mountains Insurance Group during the 4th quarter valued at about $39,000. 88.65% of the stock is currently owned by institutional investors.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based diversified insurance and financial services holding company organized in 1985 and headquartered in Hamilton, Bermuda. The company operates through a portfolio of insurance, reinsurance and specialty finance businesses, offering a blend of underwriting expertise and investment management to institutional clients worldwide. As a publicly traded entity on the New York Stock Exchange (NYSE: WTM), White Mountains seeks to generate long-term shareholder value by combining disciplined capital management with strategic acquisitions and organic growth initiatives.

Through its principal operating subsidiaries—most notably Sirius International Insurance Group, Ltd.