California State Teachers Retirement System Boosts Holdings in White Mountains Insurance Group, Ltd. $WTM

Key Points

• California State Teachers Retirement System dramatically increased its White Mountains Insurance Group stake by 198,189.9% in the second quarter, ending with 5.72 million shares valued at approximately $11.87 billion.
• Institutional ownership remains high at 88.65%, with several firms initiating or expanding positions during the quarter.
• WTM shares opened at $2,053.85, below their 50-day and 200-day moving averages. Analysts maintain a “Moderate Buy” consensus, with recent upgrades from hold to buy.

California State Teachers Retirement System boosted its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 198,189.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,724,630 shares of the insurance provider's stock after purchasing an additional 5,721,743 shares during the quarter. California State Teachers Retirement System owned approximately 239.83% of White Mountains Insurance Group worth $11,869,391,000 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. raised its position in shares of White Mountains Insurance Group by 194.7% during the second quarter. Midwest Professional Planners LTD. now owns 1,164 shares of the insurance provider's stock valued at $2,413,000 after buying an additional 769 shares during the last quarter. BTG Pactual Asset Management US LLC bought a new position in shares of White Mountains Insurance Group during the second quarter worth $599,000. Hsbc Holdings PLC grew its stake in White Mountains Insurance Group by 130.9% during the second quarter. Hsbc Holdings PLC now owns 217 shares of the insurance provider's stock valued at $449,000 after acquiring an additional 123 shares in the last quarter. Boussard & Gavaudan Gestion Sas bought a new stake in White Mountains Insurance Group in the 2nd quarter valued at $24,460,000. Finally, Beacon Pointe Advisors LLC purchased a new stake in White Mountains Insurance Group in the 2nd quarter worth $369,000. 88.65% of the stock is owned by hedge funds and other institutional investors.

White Mountains Insurance Group Stock Performance

Shares of NYSE:WTM opened at $2,053.85 on Wednesday. The firm has a fifty day simple moving average of $2,142.13 and a two-hundred day simple moving average of $2,152.08. White Mountains Insurance Group, Ltd. has a 52 week low of $1,648.00 and a 52 week high of $2,333.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $4.91 billion, a P/E ratio of 4.67 and a beta of 0.30.

Wall Street Analyst Weigh In

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