White Mountains Insurance Group, Ltd. (WTM) Upgraded to “Strong-Buy” by Zacks Investment Research

White Mountains Insurance Group, Ltd. (WTM) Upgraded to “Strong-Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) from a hold rating to a strong-buy rating in a report released on Thursday morning. They currently have $1,026.00 price objective on the stock.

According to Zacks, “White Mountains Insurance Group, Ltd. is engaged in the business of property and casualty insurance and reinsurance. “

White Mountains Insurance Group (NYSE:WTM) traded down 1.10% on Thursday, reaching $890.00. 19,814 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $856.05 and a 200 day moving average price of $834.76. The firm has a market cap of $4.00 billion, a PE ratio of 6.54 and a beta of 0.48. White Mountains Insurance Group has a one year low of $689.31 and a one year high of $914.06.

In related news, Chairman Raymond Joseph Rene Barrette sold 2,000 shares of White Mountains Insurance Group stock in a transaction on Monday, December 12th. The shares were sold at an average price of $867.89, for a total value of $1,735,780.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 6.30% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position in shares of White Mountains Insurance Group by 0.9% in the third quarter. Principal Financial Group Inc. now owns 152,584 shares of the company’s stock worth $126,644,000 after buying an additional 1,293 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of White Mountains Insurance Group by 5.2% in the third quarter. BlackRock Fund Advisors now owns 48,646 shares of the company’s stock worth $40,376,000 after buying an additional 2,411 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of White Mountains Insurance Group by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 45,870 shares of the company’s stock worth $38,621,000 after buying an additional 324 shares during the last quarter. Atlanta Capital Management Co. L L C raised its position in shares of White Mountains Insurance Group by 12.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 44,856 shares of the company’s stock worth $37,769,000 after buying an additional 4,925 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of White Mountains Insurance Group by 5.9% in the third quarter. Wells Fargo & Company MN now owns 34,424 shares of the company’s stock worth $28,572,000 after buying an additional 1,915 shares during the last quarter. Institutional investors own 86.06% of the company’s stock.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is an insurance holding company. The Company’s segments include OneBeacon, HG Global/BAM and Other Operations. Its principal businesses are conducted through its insurance, reinsurance and insurance services subsidiaries and affiliates. Its OneBeacon segment consists of OneBeacon Insurance Group, Ltd., which owns a family of property and casualty insurance companies (collectively, OneBeacon).

Get a free copy of the Zacks research report on White Mountains Insurance Group (WTM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Related posts

Leave a Comment