Equitable Trust Co. Purchases 234 Shares of White Mountains Insurance Group, Ltd. $WTM

Key Points

• Equitable Trust Co. increased its holdings in White Mountains Insurance Group by 42.3%, acquiring an additional 234 shares, which brought its total to 787 shares valued at approximately $1.41 million.
• Multiple institutional investors have significantly raised their stakes in White Mountains Insurance Group, with increases as high as 325% in share ownership.
• Weiss Ratings upgraded the stock from a "hold" to a "buy" rating, and it currently holds a consensus rating of "Buy" from analysts.

Equitable Trust Co. raised its position in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 42.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 787 shares of the insurance provider's stock after purchasing an additional 234 shares during the period. Equitable Trust Co.'s holdings in White Mountains Insurance Group were worth $1,413,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of WTM. Private Trust Co. NA increased its stake in White Mountains Insurance Group by 87.5% in the first quarter. Private Trust Co. NA now owns 15 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 7 shares in the last quarter. Fifth Third Bancorp increased its stake in White Mountains Insurance Group by 183.3% in the second quarter. Fifth Third Bancorp now owns 17 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 11 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in White Mountains Insurance Group by 325.0% in the first quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 13 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in White Mountains Insurance Group by 90.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 21 shares of the insurance provider's stock valued at $40,000 after purchasing an additional 10 shares in the last quarter. Finally, Steph & Co. bought a new stake in White Mountains Insurance Group in the second quarter valued at approximately $47,000. Institutional investors own 88.65% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of White Mountains Insurance Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".

White Mountains Insurance Group Stock Up 1.5%

Shares of WTM stock opened at $1,932.35 on Wednesday. The firm has a fifty day moving average of $1,795.30 and a 200-day moving average of $1,786.14. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13. White Mountains Insurance Group, Ltd. has a 12-month low of $1,648.00 and a 12-month high of $2,023.00. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 24.20 and a beta of 0.31.

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.

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