Lord Abbett & CO. LLC Cuts Stake in White Mountains Insurance Group, Ltd. $WTM

Key Points

• Lord Abbett & CO. LLC has decreased its stake in White Mountains Insurance Group by 0.8%, selling 265 shares, and now owns approximately 1.28% of the company valued at $63.27 million.
• Several other institutional investors have increased their positions in White Mountains Insurance Group, with Private Trust Co. NA increasing its holdings by 87.5% in the first quarter.
• White Mountains Insurance Group's stock has shown a price range of $1,678.87 to $2,023.00 over the past year, currently trading at $1,845.96.

Lord Abbett & CO. LLC lessened its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 0.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,851 shares of the insurance provider's stock after selling 265 shares during the quarter. Lord Abbett & CO. LLC owned approximately 1.28% of White Mountains Insurance Group worth $63,265,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in WTM. Nuveen LLC purchased a new stake in shares of White Mountains Insurance Group during the first quarter valued at $14,964,000. Townsquare Capital LLC lifted its holdings in White Mountains Insurance Group by 3.5% during the 1st quarter. Townsquare Capital LLC now owns 357 shares of the insurance provider's stock valued at $688,000 after buying an additional 12 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position 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 valued at $877,000 after buying an additional 37 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in White Mountains Insurance Group in the 1st quarter valued at about $406,000. Finally, LPL Financial LLC grew its stake in White Mountains Insurance Group by 6.1% in the 1st quarter. LPL Financial LLC now owns 1,870 shares of the insurance provider's stock worth $3,602,000 after acquiring an additional 107 shares in the last quarter. 88.65% of the stock is currently owned by institutional investors.

White Mountains Insurance Group Stock Up 1.2%

WTM stock traded up $21.66 during trading on Wednesday, reaching $1,834.75. 26,023 shares of the company traded hands, compared to its average volume of 24,381. The business has a 50 day simple moving average of $1,786.58 and a 200 day simple moving average of $1,808.39. White Mountains Insurance Group, Ltd. has a 12 month low of $1,678.87 and a 12 month high of $2,023.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 22.98 and a beta of 0.37.

Wall Street Analyst Weigh In

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.

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.