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. trimmed its position in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 7.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,020 shares of the insurance provider's stock after selling 329 shares during the quarter. Invesco Ltd. owned approximately 0.16% of White Mountains Insurance Group worth $7,742,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Private Trust Co. NA raised its holdings in shares of White Mountains Insurance Group by 87.5% in the 1st 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 during the period. Bessemer Group Inc. raised its holdings in shares of White Mountains Insurance Group by 10.6% in the 1st quarter. Bessemer Group Inc. now owns 94 shares of the insurance provider's stock valued at $181,000 after purchasing an additional 9 shares during the period. Cetera Investment Advisers raised its holdings in shares of White Mountains Insurance Group by 3.7% in the 1st quarter. Cetera Investment Advisers now owns 252 shares of the insurance provider's stock valued at $485,000 after purchasing an additional 9 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of White Mountains Insurance Group by 6.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 173 shares of the insurance provider's stock valued at $333,000 after purchasing an additional 11 shares during the period. Finally, Midwest Professional Planners LTD. raised its holdings in shares of White Mountains Insurance Group by 1.9% in the 1st quarter. Midwest Professional Planners LTD. now owns 592 shares of the insurance provider's stock valued at $1,140,000 after purchasing an additional 11 shares during the period. 88.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

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 Stock Performance

White Mountains Insurance Group stock traded up $7.03 during trading hours on Friday, hitting $1,832.42. The company had a trading volume of 20,507 shares, compared to its average volume of 28,813. The firm has a market cap of $4.73 billion, a PE ratio of 22.95 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. White Mountains Insurance Group, Ltd. has a one year low of $1,678.87 and a one year high of $2,023.00. The firm has a 50-day moving average of $1,797.93 and a 200 day moving average of $1,803.83.

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.