Amundi Makes New Investment in White Mountains Insurance Group, Ltd. $WTM

Key Points

• Amundi initiated a position in White Mountains Insurance Group during the first quarter, buying 615 shares valued at approximately $1.35 million.
• Institutional investors and hedge funds own 88.65% of WTM’s outstanding shares, with several other firms recently adding new or expanded positions.
• White Mountains reported quarterly EPS of -$12.59, missing estimates by $8.59, while analysts maintain an overall “Hold” rating; the stock recently traded at $2,152.55.

Amundi bought a new position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 615 shares of the insurance provider's stock, valued at approximately $1,351,000.

Several other hedge funds have also recently modified their holdings of the stock. Torren Management LLC purchased a new stake in White Mountains Insurance Group in the fourth quarter valued at $27,000. Smartleaf Asset Management LLC boosted its stake 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 buying an additional 7 shares during the period. Global Assets Advisory LLC acquired a new stake in shares of White Mountains Insurance Group during the first quarter valued at about $33,000. Geneos Wealth Management Inc. increased its position in shares of White Mountains Insurance Group by 325.0% during the first quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 13 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of White Mountains Insurance Group in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 88.65% of the company's stock.

White Mountains Insurance Group Stock Performance

NYSE WTM opened at $2,152.55 on Friday. The company's 50-day simple moving average is $2,104.95 and its 200 day simple moving average is $2,150.05. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.14. The stock has a market cap of $5.34 billion, a P/E ratio of 4.90 and a beta of 0.29. White Mountains Insurance Group, Ltd. has a twelve month low of $1,648.00 and a twelve month high of $2,333.00.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The insurance provider reported ($12.59) EPS for the quarter, missing the consensus estimate of ($4.00) by ($8.59). The company had revenue of $517.80 million for the quarter, compared to the consensus estimate of $515.40 million. White Mountains Insurance Group had a net margin of 29.29% and a return on equity of 5.16%. As a group, research analysts forecast that White Mountains Insurance Group, Ltd. will post 134 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on WTM. Weiss Ratings cut White Mountains Insurance Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, July 29th. Zacks Research upgraded shares of White Mountains Insurance Group to a "hold" rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen cut shares of White Mountains Insurance Group from a "hold" rating to a "sell" rating in a research report on Sunday, August 2nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".

White Mountains Insurance Group 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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