Boussard & Gavaudan Gestion Sas Purchases New Position in White Mountains Insurance Group, Ltd. $WTM

Key Points

• Boussard & Gavaudan Gestion Sas acquired 11,679 shares of White Mountains Insurance Group in the second quarter, worth approximately $24.46 million. The position represents 1.2% of the firm’s portfolio and 0.49% of WTM’s outstanding shares.
• Institutional ownership remains high at 88.65%, with firms including BlackRock, Wallace Capital Management, State Street and Reinhart Partners also buying or increasing positions.
• Analyst sentiment is generally positive, with WTM carrying a “Moderate Buy” consensus rating. The stock was trading near $2,135.79, with a $5.10 billion market capitalization and a 52-week range of $1,648 to $2,333.

Boussard & Gavaudan Gestion Sas bought a new stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 11,679 shares of the insurance provider's stock, valued at approximately $24,460,000. White Mountains Insurance Group accounts for 1.2% of Boussard & Gavaudan Gestion Sas' holdings, making the stock its 16th biggest position. Boussard & Gavaudan Gestion Sas owned 0.49% of White Mountains Insurance Group as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. River Road Asset Management LLC grew its holdings in White Mountains Insurance Group by 10.3% during the 4th quarter. River Road Asset Management LLC now owns 120,880 shares of the insurance provider's stock worth $251,192,000 after acquiring an additional 11,292 shares in the last quarter. BlackRock Inc. acquired a new position in White Mountains Insurance Group in the second quarter worth $244,393,000. Wallace Capital Management Inc. bought a new stake in shares of White Mountains Insurance Group in the 2nd quarter worth approximately $166,010,000. State Street Corp increased its holdings in shares of White Mountains Insurance Group by 4.2% in the 2nd quarter. State Street Corp now owns 57,241 shares of the insurance provider's stock worth $102,789,000 after acquiring an additional 2,297 shares during the period. Finally, Reinhart Partners LLC. raised its holdings in shares of White Mountains Insurance Group by 19.0% during the second quarter. Reinhart Partners LLC. now owns 44,480 shares of the insurance provider's stock valued at $92,265,000 after buying an additional 7,106 shares during the last quarter. 88.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on WTM shares. Wall Street Zen raised shares of White Mountains Insurance Group from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Zacks Research upgraded shares of White Mountains Insurance Group to a "hold" rating in a report on Wednesday, May 27th. Finally, Weiss Ratings raised shares of White Mountains Insurance Group from a "hold (c+)" rating to a "buy (b)" rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

White Mountains Insurance Group Trading Up 0.4%

WTM stock opened at $2,135.79 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.15. White Mountains Insurance Group, Ltd. has a twelve month low of $1,648.00 and a twelve month high of $2,333.00. The company has a market cap of $5.10 billion, a P/E ratio of 4.86 and a beta of 0.29. The business has a fifty day moving average of $2,134.94 and a 200-day moving average of $2,155.79.

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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