Millennium Management LLC Increases Stake in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Millennium Management LLC grew its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 509.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,401 shares of the insurance provider's stock after buying an additional 2,007 shares during the period. Millennium Management LLC owned approximately 0.09% of White Mountains Insurance Group worth $4,670,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WTM. Barclays PLC raised its holdings in White Mountains Insurance Group by 101.9% during the 3rd quarter. Barclays PLC now owns 1,151 shares of the insurance provider's stock valued at $1,953,000 after buying an additional 581 shares during the last quarter. Deutsche Bank AG raised its holdings in White Mountains Insurance Group by 120.3% in the 4th quarter. Deutsche Bank AG now owns 337 shares of the insurance provider's stock worth $655,000 after purchasing an additional 184 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in White Mountains Insurance Group by 6.4% in the 4th quarter. Ameriprise Financial Inc. now owns 3,277 shares of the insurance provider's stock worth $6,374,000 after purchasing an additional 198 shares in the last quarter. Lazard Asset Management LLC raised its holdings in White Mountains Insurance Group by 836.7% in the 4th quarter. Lazard Asset Management LLC now owns 281 shares of the insurance provider's stock worth $546,000 after purchasing an additional 251 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in White Mountains Insurance Group by 15.9% in the 4th quarter. Bank of New York Mellon Corp now owns 12,600 shares of the insurance provider's stock worth $24,507,000 after purchasing an additional 1,728 shares in the last quarter. Hedge funds and other institutional investors own 88.65% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded 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 Trading Up 0.5%

NYSE WTM traded up $9.22 during trading on Monday, hitting $1,794.02. The company had a trading volume of 16,513 shares, compared to its average volume of 13,972. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.10. White Mountains Insurance Group, Ltd. has a one year low of $1,666.22 and a one year high of $2,023.00. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 19.94 and a beta of 0.34. The company's fifty day moving average is $1,784.37 and its 200-day moving average is $1,863.55.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last released its earnings results on Wednesday, May 7th. The insurance provider reported ($20.50) earnings per share for the quarter, missing analysts' consensus estimates of ($14.00) by ($6.50). The business had revenue of $472.20 million during the quarter. White Mountains Insurance Group had a return on equity of 10.56% and a net margin of 10.29%.

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.