Atria Wealth Solutions Inc. Makes New Investment in White Mountains Insurance Group, Ltd. $WTM

Key Points

• Atria Wealth Solutions Inc. has acquired a new stake in White Mountains Insurance Group, purchasing 211 shares valued at approximately $406,000.
• Multiple institutional investors have increased their holdings in White Mountains Insurance Group, resulting in institutional investors owning 88.65% of the stock.
• The company's stock is currently trading at $1,765.61, reflecting a decrease of $78.73, amid a market cap of $4.56 billion and a P/E ratio of 22.11.

Atria Wealth Solutions Inc. bought a new position in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 211 shares of the insurance provider's stock, valued at approximately $406,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. GeoWealth Management LLC lifted its stake in White Mountains Insurance Group by 26.9% during the fourth quarter. GeoWealth Management LLC now owns 33 shares of the insurance provider's stock valued at $64,000 after buying an additional 7 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of White Mountains Insurance Group by 5.4% in the 4th quarter. Russell Investments Group Ltd. now owns 137 shares of the insurance provider's stock valued at $266,000 after acquiring an additional 7 shares in the last quarter. Private Trust Co. NA boosted its stake in White Mountains Insurance Group by 87.5% in the 1st quarter. Private Trust Co. NA now owns 15 shares of the insurance provider's stock worth $29,000 after purchasing an additional 7 shares during the period. Bessemer Group Inc. grew its position in White Mountains Insurance Group by 10.6% during the 1st quarter. Bessemer Group Inc. now owns 94 shares of the insurance provider's stock worth $181,000 after purchasing an additional 9 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in White Mountains Insurance Group by 3.7% during the 1st quarter. Cetera Investment Advisers now owns 252 shares of the insurance provider's stock valued at $485,000 after purchasing an additional 9 shares during the period. 88.65% of the stock is owned by institutional investors and hedge funds.

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 report on Tuesday, May 13th.

White Mountains Insurance Group Stock Up 1.3%

NYSE WTM traded up $23.08 during trading on Tuesday, reaching $1,786.55. 7,485 shares of the company's stock were exchanged, compared to its average volume of 18,866. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. White Mountains Insurance Group, Ltd. has a fifty-two week low of $1,678.87 and a fifty-two week high of $2,023.00. The company's fifty day simple moving average is $1,784.52 and its 200-day simple moving average is $1,808.18. The firm has a market capitalization of $4.60 billion, a PE ratio of 22.41 and a beta of 0.37.

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.