California State Teachers Retirement System reduced its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,761 shares of the insurance provider's stock after selling 126 shares during the period. California State Teachers Retirement System owned approximately 0.12% of White Mountains Insurance Group worth $5,724,630 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Midwest Professional Planners LTD. grew its stake in White Mountains Insurance Group by 194.7% during the 2nd quarter. Midwest Professional Planners LTD. now owns 1,164 shares of the insurance provider's stock valued at $2,413,000 after purchasing an additional 769 shares during the last quarter. BTG Pactual Asset Management US LLC acquired a new position in White Mountains Insurance Group during the second quarter worth about $599,000. Hsbc Holdings PLC raised its position in shares of White Mountains Insurance Group by 130.9% in the 2nd quarter. Hsbc Holdings PLC now owns 217 shares of the insurance provider's stock worth $449,000 after buying an additional 123 shares during the period. Boussard & Gavaudan Gestion Sas purchased a new stake in White Mountains Insurance Group during the 2nd quarter worth approximately $24,460,000. Finally, Beacon Pointe Advisors LLC acquired a new stake in shares of White Mountains Insurance Group in the 2nd quarter worth about $369,000. Hedge funds and other institutional investors own 88.65% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on WTM shares. 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 upgraded shares of White Mountains Insurance Group to a "hold" rating in a research 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 research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy".
Get Our Latest Stock Report on WTM
White Mountains Insurance Group Trading Down 1.0%
Shares of NYSE WTM traded down $20.45 during trading on Tuesday, hitting $2,036.55. 8,333 shares of the company were exchanged, compared to its average volume of 19,338. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.74 and a current ratio of 0.74. White Mountains Insurance Group, Ltd. has a 12-month low of $1,648.00 and a 12-month high of $2,333.00. The firm has a market capitalization of $4.87 billion, a PE ratio of 4.63 and a beta of 0.30. The company has a fifty day moving average price of $2,135.00 and a 200-day moving average price of $2,147.78.
About White Mountains Insurance Group
(
Free Report)
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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