Hotchkis & Wiley Capital Management LLC Sells 473 Shares of White Mountains Insurance Group, Ltd. $WTM

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its stake in White Mountains Insurance Group by 6.4%, selling 473 shares, and now owns approximately $13.3 million worth of the company.
• Other institutional investors have increased their positions, with Northwestern Mutual Wealth Management Co. growing its stake by 90.9% during the same period.
• The stock of White Mountains Insurance Group was recently upgraded from a "sell" to a "hold" rating by Wall Street analysts.

Hotchkis & Wiley Capital Management LLC lessened its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,893 shares of the insurance provider's stock after selling 473 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.27% of White Mountains Insurance Group worth $13,275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its position in White Mountains Insurance Group by 87.5% during the first quarter. Private Trust Co. NA now owns 15 shares of the insurance provider's stock valued at $29,000 after acquiring an additional 7 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 during the period. Whipplewood Advisors LLC raised its position in shares of White Mountains Insurance Group by 866.7% in the first quarter. Whipplewood Advisors LLC now owns 29 shares of the insurance provider's stock valued at $56,000 after purchasing an additional 26 shares during the period. GeoWealth Management LLC raised its position in shares of White Mountains Insurance Group by 26.9% in the fourth quarter. GeoWealth Management LLC now owns 33 shares of the insurance provider's stock valued at $64,000 after purchasing an additional 7 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of White Mountains Insurance Group by 36.1% in the first quarter. First Horizon Advisors Inc. now owns 49 shares of the insurance provider's stock valued at $94,000 after purchasing an additional 13 shares during the period. Institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Stock Performance

WTM traded down $19.67 during trading on Thursday, reaching $1,825.75. 25,034 shares of the company's stock were exchanged, compared to its average volume of 19,338. The company has a market capitalization of $4.70 billion, a P/E ratio of 22.87 and a beta of 0.37. The business has a 50 day moving average price of $1,794.68 and a 200 day moving average price of $1,805.17. White Mountains Insurance Group, Ltd. has a fifty-two week low of $1,678.87 and a fifty-two week high of $2,023.00. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13.

Analysts Set New Price Targets

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

About White Mountains Insurance Group

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.