Brandywine Global Investment Management LLC Sells 293 Shares of White Mountains Insurance Group, Ltd. $WTM

Key Points

• Brandywine Global Investment Management LLC has reduced its holdings in White Mountains Insurance Group by 7.5%, now owning approximately 0.14% of the company, valued at $6.98 million.
• Other institutional investors have also made significant changes to their stakes, with holdings by firms such as Private Trust Co. NA increasing by 87.5% during the first quarter.
• White Mountains Insurance Group's stock has decreased by 4.3%, with current trading around $1,765.61 and a market cap of $4.56 billion.

Brandywine Global Investment Management LLC decreased its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 7.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,626 shares of the insurance provider's stock after selling 293 shares during the period. Brandywine Global Investment Management LLC owned 0.14% of White Mountains Insurance Group worth $6,983,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nuveen LLC acquired a new stake in White Mountains Insurance Group during the 1st quarter valued at approximately $14,964,000. Townsquare Capital LLC increased its position in shares of White Mountains Insurance Group by 3.5% during the first quarter. Townsquare Capital LLC now owns 357 shares of the insurance provider's stock worth $688,000 after buying an additional 12 shares during the period. Chicago Partners Investment Group LLC increased its position in shares of White Mountains Insurance Group by 8.1% during the first quarter. Chicago Partners Investment Group LLC now owns 491 shares of the insurance provider's stock worth $877,000 after buying an additional 37 shares during the period. Atria Wealth Solutions Inc. bought a new position in White Mountains Insurance Group during the first quarter worth $406,000. Finally, LPL Financial LLC lifted its holdings in White Mountains Insurance Group by 6.1% in the first quarter. LPL Financial LLC now owns 1,870 shares of the insurance provider's stock valued at $3,602,000 after buying an additional 107 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 upgraded White Mountains Insurance Group from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th.

White Mountains Insurance Group Stock Up 0.4%

NYSE WTM traded up $8.01 during mid-day trading on Friday, hitting $1,849.42. The company's stock had a trading volume of 12,340 shares, compared to its average volume of 19,038. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 23.16 and a beta of 0.37. The company's 50 day simple moving average is $1,788.03 and its 200 day simple moving average is $1,807.96. 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 twelve month low of $1,678.87 and a twelve month high of $2,023.00.

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.