15 Highest-Priced Stocks Right Now

9. White Mountains Insurance Group, Ltd. (NYSE:WTM)

Share Price on February 14: $1,826.18

White Mountains Insurance Group, Ltd. (NYSE:WTM) is a Bermuda-domiciled financial services holding company that owns and manages a broad range of businesses, including insurers, brokerages, investment advisors, financial guarantors, and service companies. It is among the highest-priced stocks right now, with its share price rising by 7.5% over the last six months.

On February 7, the company reported mixed results for the fourth quarter of fiscal 2024, with adjusted book value per share down 3% during the quarter, driven by mark-to-market declines in White Mountains Insurance Group, Ltd. (NYSE:WTM)’s investment portfolio. However, for the full year, the value increased by 8% amid strength in the company’s operating businesses and positive returns in its investment portfolio.

It was an impressive quarter for the Ark/WM Outrigger segment, which produced a combined ratio of 77% and reported a 14% year-over-year increase in gross written premiums. HG Global also saw robust primary market volume, while it was another strong quarter for Bamboo, with significant improvements in managed premiums and adjusted EBITDA from last year. Despite a tough quarter for Kudu due to high interest rates and currency factors, the segment delivered solid results for the year, with its portfolio value crossing the $1 billion mark.

White Mountains Insurance Group, Ltd. (NYSE:WTM)’s undeployed capital stood at $700 million, which can be leveraged for strategic opportunities ahead. The company is optimistic for fiscal 2025 and is eyeing profitable growth with the rate environment moderating.

According to Insider Monkey’s database for Q3 2024, 18 hedge funds held a stake in White Mountains Insurance Group, Ltd. (NYSE:WTM), down slightly from 19 at the end of the second quarter. The London Company Small Cap Strategy stated the following regarding WTM in its Q3 2024 investor letter:

White Mountains Insurance Group, Ltd. (NYSE:WTM) – Shares of WTM underperformed the market during 3Q. The company generates much of its income from P&C insurance, and the stock tends to track growth in book value over time. Separately, WTM has a good track record of creating value via capital allocation (buying and selling businesses) decisions, so transactions like the sale of NSM Insurance Group and also movements in its underlying investments can meaningfully impact shares. We remain confident in management’s ability to deliver outsized growth in book value per share over time through prudent capital allocation.