Nuveen LLC Acquires Shares of 7,770 White Mountains Insurance Group, Ltd. $WTM

Key Points

• Nuveen LLC has invested approximately $14.96 million in White Mountains Insurance Group by acquiring 7,770 shares in the first quarter, representing 0.30% ownership of the company.
• Several institutional investors significantly increased their stakes in White Mountains, with Private Trust Co. NA boosting its holdings by 87.5% and Whipplewood Advisors LLC by 866.7% during the same quarter.
• White Mountains Insurance Group has received an upgrade from a "sell" to a "hold" rating by Wall Street Zen, indicating a more favorable outlook for the stock in the near future.

Nuveen LLC acquired a new position in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,770 shares of the insurance provider's stock, valued at approximately $14,964,000. Nuveen LLC owned 0.30% of White Mountains Insurance Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. Townsquare Capital LLC increased its stake in shares of 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 purchasing an additional 12 shares during the period. Chicago Partners Investment Group LLC increased its stake in shares of White Mountains Insurance Group by 8.1% in the first quarter. Chicago Partners Investment Group LLC now owns 491 shares of the insurance provider's stock worth $877,000 after purchasing an additional 37 shares during the period. Atria Wealth Solutions Inc. bought a new position in shares of White Mountains Insurance Group in the first quarter worth about $406,000. LPL Financial LLC increased its stake in shares of White Mountains Insurance Group by 6.1% in the first quarter. LPL Financial LLC now owns 1,870 shares of the insurance provider's stock worth $3,602,000 after purchasing an additional 107 shares during the period. Finally, TD Asset Management Inc increased its stake in shares of White Mountains Insurance Group by 15.4% in the first quarter. TD Asset Management Inc now owns 1,592 shares of the insurance provider's stock worth $3,066,000 after purchasing an additional 212 shares during the period. 88.65% of the stock is currently owned by institutional investors.

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 report on Tuesday, May 13th.

White Mountains Insurance Group Stock Performance

WTM stock traded up $18.73 during midday trading on Friday, hitting $1,860.14. The stock had a trading volume of 24,089 shares, compared to its average volume of 25,223. White Mountains Insurance Group, Ltd. has a 52 week low of $1,678.87 and a 52 week high of $2,023.00. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $1,789.71 and a 200 day simple moving average of $1,806.92. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 23.30 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.