White Mountains Insurance Group (NYSE:WTM) Sets New 12-Month High – Still a Buy?

White Mountains Insurance Group, Ltd. (NYSE:WTM)’s share price 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 changing hands. The stock had previously closed at $2,004.53.

White Mountains Insurance Group Trading Up 0.9 %

The company has a debt-to-equity ratio of 0.10, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $5.20 billion, a PE ratio of 7.93 and a beta of 0.43. The stock has a 50-day moving average price of $1,827.79 and a two-hundred day moving average price of $1,782.16.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. raised its stake in White Mountains Insurance Group by 17.6% during the third quarter. Franklin Resources Inc. now owns 354 shares of the insurance provider’s stock valued at $654,000 after purchasing an additional 53 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of White Mountains Insurance Group by 14.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 855 shares of the insurance provider’s stock valued at $1,450,000 after acquiring an additional 111 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in White Mountains Insurance Group by 14.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,080 shares of the insurance provider’s stock worth $1,832,000 after acquiring an additional 136 shares during the last quarter. Geode Capital Management LLC raised 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 valued at $67,603,000 after purchasing an additional 273 shares during the period. Finally, Barclays PLC lifted its stake in shares of White Mountains Insurance Group by 101.9% in the 3rd quarter. Barclays PLC now owns 1,151 shares of the insurance provider’s stock valued at $1,953,000 after purchasing an additional 581 shares during the last quarter. 88.65% of the stock is currently owned by 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.