White Mountains Insurance Group (NYSE:WTM) Hits New 12-Month High – What’s Next?

White Mountains Insurance Group, Ltd. (NYSE:WTM) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $1,932.81 and last traded at $1,932.81, with a volume of 817 shares. The stock had previously closed at $1,923.43.

White Mountains Insurance Group Price Performance

The firm’s 50-day moving average is $1,791.60 and its 200-day moving average is $1,775.79. 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 company has a market capitalization of $4.92 billion, a P/E ratio of 7.61 and a beta of 0.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WTM. BNP Paribas Financial Markets lifted its position in shares of White Mountains Insurance Group by 34.2% in the first quarter. BNP Paribas Financial Markets now owns 153 shares of the insurance provider’s stock worth $275,000 after buying an additional 39 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of White Mountains Insurance Group in the first quarter valued at $255,000. Envestnet Portfolio Solutions Inc. increased its position in White Mountains Insurance Group by 24.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 315 shares of the insurance provider’s stock worth $565,000 after purchasing an additional 62 shares during the last quarter. Sei Investments Co. increased its position in White Mountains Insurance Group by 19.5% in the first quarter. Sei Investments Co. now owns 2,418 shares of the insurance provider’s stock worth $4,338,000 after purchasing an additional 395 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in White Mountains Insurance Group by 2,125.0% during the first quarter. Russell Investments Group Ltd. now owns 356 shares of the insurance provider’s stock valued at $639,000 after purchasing an additional 340 shares in 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.