Invesco Ltd. Sells 329 Shares of White Mountains Insurance Group, Ltd. $WTM

Key Points

• Invesco Ltd. has reduced its stake in White Mountains Insurance Group by 7.6%, selling 329 shares in the first quarter, leaving it with 4,020 shares valued at approximately $7.74 million.
• Institutional investors collectively own 88.65% of White Mountains Insurance Group, with notable increases in holdings by firms such as TD Asset Management and LPL Financial.
• Wall Street analysts have upgraded White Mountains Insurance Group from a "sell" to a "hold" rating, indicating a potential positive outlook for the stock.

Invesco Ltd. reduced its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 7.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,020 shares of the insurance provider's stock after selling 329 shares during the quarter. Invesco Ltd. owned 0.16% of White Mountains Insurance Group worth $7,742,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Townsquare Capital LLC lifted its holdings in White Mountains Insurance Group by 3.5% in the first quarter. Townsquare Capital LLC now owns 357 shares of the insurance provider's stock worth $688,000 after buying an additional 12 shares during the period. Chicago Partners Investment Group LLC raised its holdings in White Mountains Insurance Group by 8.1% in the 1st quarter. Chicago Partners Investment Group LLC now owns 491 shares of the insurance provider's stock worth $877,000 after acquiring an additional 37 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new position in White Mountains Insurance Group in the 1st quarter worth approximately $406,000. LPL Financial LLC lifted its holdings in shares of White Mountains Insurance Group by 6.1% during the 1st quarter. LPL Financial LLC now owns 1,870 shares of the insurance provider's stock valued at $3,602,000 after buying an additional 107 shares during the period. Finally, TD Asset Management Inc lifted its holdings in shares of White Mountains Insurance Group by 15.4% during the 1st quarter. TD Asset Management Inc now owns 1,592 shares of the insurance provider's stock valued at $3,066,000 after buying an additional 212 shares during the period. 88.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

White Mountains Insurance Group Price Performance

NYSE WTM opened at $1,827.0630 on Tuesday. 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's fifty day moving average price is $1,790.98 and its 200 day moving average price is $1,804.67. White Mountains Insurance Group, Ltd. has a 1 year low of $1,678.87 and a 1 year high of $2,023.00. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 22.88 and a beta of 0.37.

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.

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