American Century Companies Inc. Acquires 1,661 Shares of White Mountains Insurance Group, Ltd. $WTM

Key Points

• American Century Companies Inc. increased its stake in White Mountains Insurance Group by 30.9%, acquiring an additional 1,661 shares worth approximately $13.55 million during the first quarter.
• Other institutional investors also boosted their holdings, with GAMMA Investing LLC leading with a 276,054.7% increase, now owning 146,362 shares valued at $281.87 million.
• White Mountains Insurance Group stock currently trades around $1,827.06, with a recent upgrade from Wall Street Zen changing its rating from "sell" to "hold."

American Century Companies Inc. grew its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 30.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,036 shares of the insurance provider's stock after acquiring an additional 1,661 shares during the quarter. American Century Companies Inc. owned 0.27% of White Mountains Insurance Group worth $13,550,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. acquired a new position in White Mountains Insurance Group in the first quarter valued at about $233,000. Private Trust Co. NA raised its stake in White Mountains Insurance Group by 87.5% in the first quarter. Private Trust Co. NA now owns 15 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 7 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in White Mountains Insurance Group by 6.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 173 shares of the insurance provider's stock valued at $333,000 after purchasing an additional 11 shares in the last quarter. Deutsche Bank AG raised its stake in White Mountains Insurance Group by 120.3% in the fourth quarter. Deutsche Bank AG now owns 337 shares of the insurance provider's stock valued at $655,000 after purchasing an additional 184 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in White Mountains Insurance Group by 5.2% in the first quarter. Envestnet Asset Management Inc. now owns 17,269 shares of the insurance provider's stock valued at $33,257,000 after purchasing an additional 855 shares in the last quarter. Institutional investors own 88.65% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised White Mountains Insurance Group from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th.

White Mountains Insurance Group Trading Down 1.1%

NYSE WTM traded down $19.67 during trading hours on Thursday, reaching $1,825.75. The company's stock had a trading volume of 25,034 shares, compared to its average volume of 28,185. The firm has a fifty day simple moving average of $1,796.22 and a 200-day simple moving average of $1,804.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. White Mountains Insurance Group, Ltd. has a 52 week low of $1,678.87 and a 52 week high of $2,023.00. The stock has a market cap of $4.71 billion, a P/E ratio of 22.87 and a beta of 0.37.

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.