117,871 Shares in White Mountains Insurance Group, Ltd. $WTM Purchased by BlackRock Inc.

Key Points

• BlackRock purchased 117,871 shares of White Mountains Insurance Group in the second quarter, valued at approximately $244.4 million and representing a 4.75% stake.
• Institutional investors own 88.65% of WTM’s outstanding shares, with several smaller funds also initiating or increasing positions recently.
• WTM traded down 0.4% to $2,133.41, while analyst sentiment remained favorable overall, with a “Moderate Buy” consensus based on one Buy and one Hold rating.

BlackRock Inc. purchased a new stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 117,871 shares of the insurance provider's stock, valued at approximately $244,393,000. BlackRock Inc. owned 4.75% of White Mountains Insurance Group as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Torren Management LLC bought a new stake in shares of White Mountains Insurance Group in the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC boosted its position in White Mountains Insurance Group by 100.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 14 shares of the insurance provider's stock worth $29,000 after purchasing an additional 7 shares during the period. Global Assets Advisory LLC bought a new stake in shares of White Mountains Insurance Group in the first quarter valued at approximately $33,000. Geneos Wealth Management Inc. boosted its holdings in 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 worth $33,000 after buying an additional 13 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new stake in White Mountains Insurance Group during the 4th quarter valued at $39,000. 88.65% of the stock is currently owned by hedge funds and other institutional investors.

White Mountains Insurance Group Trading Down 0.4%

NYSE WTM opened at $2,133.41 on Thursday. The stock has a 50-day moving average of $2,130.19 and a 200-day moving average of $2,156.33. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.15. White Mountains Insurance Group, Ltd. has a 1-year low of $1,648.00 and a 1-year high of $2,333.00. The firm has a market cap of $5.09 billion, a PE ratio of 4.86 and a beta of 0.29.

Wall Street Analyst Weigh In

WTM has been the subject of several recent research reports. Weiss Ratings upgraded White Mountains Insurance Group from a "hold (c+)" rating to a "buy (b)" rating in a research report on Wednesday, August 12th. Zacks Research upgraded White Mountains Insurance Group to a "hold" rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen raised White Mountains Insurance Group from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

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.

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