Goldman Sachs Group Inc. Acquires 1,504 Shares of White Mountains Insurance Group, Ltd. $WTM

Key Points

• Goldman Sachs Group Inc. increased its stake in White Mountains Insurance Group by 54.6% in the first quarter, owning 4,259 shares worth $8.2 million.
• Institutional investors collectively own 88.65% of White Mountains Insurance Group's stock, indicating strong interest from major financial players.
• White Mountains Insurance Group's shares opened at $1,763.04 with a market cap of $4.55 billion, and a one-year high of $2,023.00.

Goldman Sachs Group Inc. boosted its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 54.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,259 shares of the insurance provider's stock after acquiring an additional 1,504 shares during the quarter. Goldman Sachs Group Inc. owned 0.17% of White Mountains Insurance Group worth $8,202,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of WTM. Ameriprise Financial Inc. grew its holdings in White Mountains Insurance Group by 6.4% during the fourth quarter. Ameriprise Financial Inc. now owns 3,277 shares of the insurance provider's stock valued at $6,374,000 after purchasing an additional 198 shares during the period. Deutsche Bank AG grew its holdings in White Mountains Insurance Group by 120.3% during the fourth quarter. Deutsche Bank AG now owns 337 shares of the insurance provider's stock valued at $655,000 after purchasing an additional 184 shares during the period. Janus Henderson Group PLC grew its holdings in White Mountains Insurance Group by 97.5% during the fourth quarter. Janus Henderson Group PLC now owns 2,416 shares of the insurance provider's stock valued at $4,702,000 after purchasing an additional 1,193 shares during the period. Lazard Asset Management LLC grew its holdings in White Mountains Insurance Group by 836.7% during the fourth quarter. Lazard Asset Management LLC now owns 281 shares of the insurance provider's stock valued at $546,000 after purchasing an additional 251 shares during the period. Finally, Millennium Management LLC grew its holdings in White Mountains Insurance Group by 509.4% during the fourth quarter. Millennium Management LLC now owns 2,401 shares of the insurance provider's stock valued at $4,670,000 after purchasing an additional 2,007 shares during the period. Institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Price Performance

Shares of NYSE WTM traded up $2.50 during mid-day trading on Friday, reaching $1,756.12. The company's stock had a trading volume of 18,432 shares, compared to its average volume of 20,421. The firm has a market capitalization of $4.52 billion, a PE ratio of 21.94 and a beta of 0.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a fifty day moving average of $1,794.07 and a two-hundred day moving average of $1,797.18. White Mountains Insurance Group, Ltd. has a 52 week low of $1,678.87 and a 52 week high of $2,023.00.

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.