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

Several other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in White Mountains Insurance Group by 276,054.7% in the 1st quarter. GAMMA Investing LLC now owns 146,362 shares of the insurance provider's stock valued at $281,865,000 after acquiring an additional 146,309 shares in the last quarter. Cooke & Bieler LP lifted its stake in White Mountains Insurance Group by 60.4% in the 1st quarter. Cooke & Bieler LP now owns 54,652 shares of the insurance provider's stock valued at $105,249,000 after acquiring an additional 20,582 shares in the last quarter. Reinhart Partners LLC. lifted its stake in White Mountains Insurance Group by 11.0% in the 1st quarter. Reinhart Partners LLC. now owns 42,478 shares of the insurance provider's stock valued at $81,804,000 after acquiring an additional 4,206 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in White Mountains Insurance Group by 0.3% in the 4th quarter. Lord Abbett & CO. LLC now owns 33,116 shares of the insurance provider's stock valued at $64,413,000 after acquiring an additional 104 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of White Mountains Insurance Group by 7.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,857 shares of the insurance provider's stock worth $47,278,000 after purchasing an additional 1,621 shares during the last quarter. Institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Stock Performance

Shares of WTM stock traded up $21.66 during trading on Wednesday, reaching $1,834.75. 26,023 shares of the company's stock were exchanged, compared to its average volume of 19,074. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $4.73 billion, a PE ratio of 22.98 and a beta of 0.37. White Mountains Insurance Group, Ltd. has a twelve month low of $1,678.87 and a twelve month high of $2,023.00. The firm's fifty day moving average price is $1,785.03 and its 200-day moving average price is $1,808.21.

Analyst Upgrades and Downgrades

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 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.