Bank of America Corp DE Purchases Shares of 25,028 White Mountains Insurance Group, Ltd. $WTM

Key Points

• Bank of America purchased 25,028 shares of White Mountains Insurance Group in the second quarter, worth approximately $51.9 million and representing about 1.05% of the company.
• Other institutional investors also increased or initiated positions, while hedge funds and other institutions collectively own 88.65% of White Mountains’ stock.
• White Mountains shares opened at $2,060.63, with a market capitalization of $4.92 billion; analysts’ consensus rating is “Moderate Buy”, following several rating upgrades.

Bank of America Corp DE purchased a new position in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,028 shares of the insurance provider's stock, valued at approximately $51,893,000. Bank of America Corp DE owned approximately 1.05% of White Mountains Insurance Group as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Global Assets Advisory LLC acquired a new stake in White Mountains Insurance Group in the 1st quarter valued at about $33,000. Gables Capital Management Inc. purchased a new position in shares of White Mountains Insurance Group in the 2nd quarter valued at about $31,000. Keating Financial Advisory Services Inc. acquired a new position in shares of White Mountains Insurance Group during the second quarter worth about $44,000. Nomura Asset Management Co. Ltd. grew its position in shares of White Mountains Insurance Group by 83.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 22 shares of the insurance provider's stock worth $46,000 after buying an additional 10 shares in the last quarter. Finally, Clearstead Advisors LLC increased its stake in shares of White Mountains Insurance Group by 19.4% during the fourth quarter. Clearstead Advisors LLC now owns 37 shares of the insurance provider's stock worth $77,000 after buying an additional 6 shares during the period. Hedge funds and other institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Price Performance

White Mountains Insurance Group stock opened at $2,060.63 on Monday. The company has a market cap of $4.92 billion, a P/E ratio of 4.69 and a beta of 0.30. White Mountains Insurance Group, Ltd. has a one year low of $1,648.00 and a one year high of $2,333.00. The business has a fifty day moving average of $2,125.67 and a two-hundred day moving average of $2,143.02. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.74 and a current ratio of 0.74.

Wall Street Analysts Forecast Growth

WTM has been the subject of several recent analyst reports. 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. Zacks Research raised White Mountains Insurance Group to a "hold" rating in a report on Wednesday, May 27th. Finally, Weiss Ratings upgraded White Mountains Insurance Group from a "hold (c+)" rating to a "buy (b)" rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based financial services holding company that owns and manages businesses primarily focused on property and casualty insurance and reinsurance. The company operates through subsidiaries and affiliated businesses rather than functioning as a traditional single-line insurer.

Its activities have included specialty insurance and reinsurance, insurance program management, and municipal bond insurance. White Mountains also owns or invests in businesses involved in asset management and other insurance-related financial services, including specialty managing general agents and investment-management platforms.

White Mountains serves customers and business partners primarily in the United States, while its Bermuda domicile and reinsurance operations provide an international platform.

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