Charles Schwab Investment Management Inc. Cuts Holdings in White Mountains Insurance Group, Ltd. $WTM

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in White Mountains Insurance Group by 2.6%, now owning 24,706 shares valued at approximately $47.58 million.
• Institutional investors collectively hold 88.65% of White Mountains Insurance Group's stock, indicating strong institutional confidence in the company.
• Recently, shares of White Mountains Insurance Group were upgraded from a "sell" to a "hold" rating by Wall Street Zen.

Charles Schwab Investment Management Inc. lessened its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,706 shares of the insurance provider's stock after selling 657 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.96% of White Mountains Insurance Group worth $47,579,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of WTM. Russell Investments Group Ltd. grew its holdings in White Mountains Insurance Group by 5.4% during the 4th quarter. Russell Investments Group Ltd. now owns 137 shares of the insurance provider's stock valued at $266,000 after buying an additional 7 shares during the last quarter. Invesco Ltd. lifted its stake in shares of White Mountains Insurance Group by 4.9% during the 4th quarter. Invesco Ltd. now owns 4,349 shares of the insurance provider's stock worth $8,459,000 after purchasing an additional 205 shares during the period. Sterling Capital Management LLC lifted its stake in shares of White Mountains Insurance Group by 56.8% during the 4th quarter. Sterling Capital Management LLC now owns 149 shares of the insurance provider's stock worth $290,000 after purchasing an additional 54 shares during the period. Townsquare Capital LLC lifted its stake in shares of White Mountains Insurance Group by 148.2% during the 4th quarter. Townsquare Capital LLC now owns 345 shares of the insurance provider's stock worth $671,000 after purchasing an additional 206 shares during the period. Finally, Barclays PLC lifted its stake in shares of White Mountains Insurance Group by 86.1% during the 4th quarter. Barclays PLC now owns 2,142 shares of the insurance provider's stock worth $4,167,000 after purchasing an additional 991 shares during the period. Institutional investors and hedge funds own 88.65% of the company's stock.

White Mountains Insurance Group Trading Up 0.3%

Shares of WTM traded up $4.9130 during trading hours on Thursday, hitting $1,841.8030. The stock had a trading volume of 20,379 shares, compared to its average volume of 24,988. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $4.75 billion, a P/E ratio of 23.07 and a beta of 0.37. The company's fifty day simple moving average is $1,788.03 and its 200 day simple moving average is $1,807.96. White Mountains Insurance Group, Ltd. has a 12-month low of $1,678.87 and a 12-month high of $2,023.00.

Analyst Ratings Changes

Separately, Wall Street Zen raised White Mountains Insurance Group from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th.

White Mountains Insurance Group Company 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.