Allspring Global Investments Holdings LLC Acquires 4,728 Shares of White Mountains Insurance Group, Ltd. $WTM

Key Points

• Allspring Global Investments Holdings LLC increased its stake in White Mountains Insurance Group by 19% in the second quarter, owning approximately 1.15% of the company valued at $52.96 million.
• Weiss Ratings upgraded White Mountains Insurance Group from a "hold (c+)" rating to a "buy (b-)" rating, with the stock currently holding a consensus rating of "Buy" among analysts.
• The company has a market capitalization of $4.99 billion and has seen trading fluctuations with a 12-month range between a low of $1,648.00 and a high of $2,023.00.

Allspring Global Investments Holdings LLC boosted its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 19.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,585 shares of the insurance provider's stock after buying an additional 4,728 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.15% of White Mountains Insurance Group worth $52,957,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WTM. Fiduciary Management Inc. WI increased its position in shares of White Mountains Insurance Group by 46.2% during the first quarter. Fiduciary Management Inc. WI now owns 71,795 shares of the insurance provider's stock valued at $138,264,000 after purchasing an additional 22,681 shares during the period. Cooke & Bieler LP increased its position in shares of White Mountains Insurance Group by 60.4% during the first quarter. Cooke & Bieler LP now owns 54,652 shares of the insurance provider's stock valued at $105,249,000 after purchasing an additional 20,582 shares during the period. Nuveen LLC bought a new stake in shares of White Mountains Insurance Group during the first quarter valued at approximately $14,964,000. T. Rowe Price Investment Management Inc. increased its position in shares of White Mountains Insurance Group by 8.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 62,466 shares of the insurance provider's stock valued at $120,298,000 after purchasing an additional 4,711 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of White Mountains Insurance Group by 39.3% during the first quarter. Victory Capital Management Inc. now owns 16,091 shares of the insurance provider's stock valued at $30,988,000 after purchasing an additional 4,543 shares during the period. 88.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded White Mountains Insurance Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, White Mountains Insurance Group currently has a consensus rating of "Buy".

White Mountains Insurance Group Trading Up 1.5%

Shares of WTM opened at $1,932.35 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13. White Mountains Insurance Group, Ltd. has a 12-month low of $1,648.00 and a 12-month high of $2,023.00. The firm has a market capitalization of $4.99 billion, a PE ratio of 24.20 and a beta of 0.31. The stock's fifty day simple moving average is $1,795.30 and its 200-day simple moving average is $1,786.14.

White Mountains Insurance Group Profile

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.

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