Allianz Asset Management GmbH Buys New Holdings in White Mountains Insurance Group, Ltd. $WTM

Key Points

• Allianz Asset Management acquired 844 shares of White Mountains Insurance Group in the second quarter, worth approximately $1.75 million.
• Institutional ownership remains high at 88.65%, with BlackRock, Wallace Capital Management, Norges Bank and others also establishing or increasing positions.
• WTM traded at $2,051.12, while analyst sentiment was generally positive: the stock has a consensus “Moderate Buy” rating from two analysts.

Allianz Asset Management GmbH acquired a new stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 844 shares of the insurance provider's stock, valued at approximately $1,750,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. California State Teachers Retirement System increased its position in shares of White Mountains Insurance Group by 198,189.9% in the second quarter. California State Teachers Retirement System now owns 5,724,630 shares of the insurance provider's stock valued at $11,869,391,000 after acquiring an additional 5,721,743 shares during the period. BlackRock Inc. purchased a new position in shares of White Mountains Insurance Group during the second quarter valued at approximately $244,393,000. Wallace Capital Management Inc. purchased a new position in shares of White Mountains Insurance Group during the second quarter valued at approximately $166,010,000. Gendell Jeffrey L bought a new position in shares of White Mountains Insurance Group during the fourth quarter valued at approximately $67,578,000. Finally, Norges Bank bought a new position in shares of White Mountains Insurance Group during the fourth quarter valued at approximately $66,879,000. Institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Trading Down 0.1%

NYSE WTM opened at $2,051.12 on Thursday. The firm has a market capitalization of $4.90 billion, a PE ratio of 4.67 and a beta of 0.30. The stock's 50 day moving average is $2,141.84 and its 200 day moving average is $2,151.02. White Mountains Insurance Group, Ltd. has a twelve month low of $1,648.00 and a twelve month high of $2,333.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.15.

Wall Street Analyst Weigh In

WTM has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of White Mountains Insurance Group from a "hold (c+)" rating to a "buy (b)" rating in a report on Wednesday, August 12th. Wall Street Zen raised shares of White Mountains Insurance Group from a "hold" rating to a "buy" rating in a research report on Saturday, September 5th. Finally, Zacks Research raised shares of White Mountains Insurance Group to a "hold" rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, White Mountains Insurance Group presently has a consensus 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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