Bank of New York Mellon Corp Makes New $17.44 Million Investment in White Mountains Insurance Group, Ltd. $WTM

Key Points

• Bank of New York Mellon acquired 8,412 shares of White Mountains Insurance Group worth approximately $17.44 million, representing about 0.34% of the company.
• Institutional ownership remains high at 88.65%, with Goldman Sachs, UBS Asset Management, Jane Street and others recently increasing their positions.
• WTM shares opened at $2,102.16, with a market capitalization of $5.02 billion and a price-to-earnings ratio of 4.78. Analysts’ consensus rating is “Moderate Buy,” with one Buy and one Hold rating.

Bank of New York Mellon Corp purchased a new position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,412 shares of the insurance provider's stock, valued at approximately $17,440,000. Bank of New York Mellon Corp owned approximately 0.34% of White Mountains Insurance Group as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its holdings in White Mountains Insurance Group by 19.9% during the first quarter. Integrated Wealth Concepts LLC now owns 163 shares of the insurance provider's stock worth $314,000 after purchasing an additional 27 shares during the last quarter. NewEdge Advisors LLC increased its stake in White Mountains Insurance Group by 17.2% in the 1st quarter. NewEdge Advisors LLC now owns 170 shares of the insurance provider's stock valued at $327,000 after buying an additional 25 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in White Mountains Insurance Group by 54.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,259 shares of the insurance provider's stock valued at $8,202,000 after buying an additional 1,504 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in White Mountains Insurance Group by 11.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,287 shares of the insurance provider's stock worth $21,737,000 after buying an additional 1,183 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in White Mountains Insurance Group by 101.4% during the 1st quarter. Jane Street Group LLC now owns 578 shares of the insurance provider's stock worth $1,113,000 after buying an additional 291 shares in the last quarter. 88.65% of the stock is currently owned by institutional investors and hedge funds.

White Mountains Insurance Group Price Performance

Shares of WTM opened at $2,102.16 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.15. The company's fifty day simple moving average is $2,136.84 and its 200 day simple moving average is $2,156.13. White Mountains Insurance Group, Ltd. has a 1-year low of $1,648.00 and a 1-year high of $2,333.00. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 4.78 and a beta of 0.29.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WTM shares. Wall Street Zen upgraded shares of White Mountains Insurance Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Zacks Research upgraded 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 report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

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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