Nuveen LLC Invests $14.96 Million in 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 purchased a new position in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,770 shares of the insurance provider's stock, valued at approximately $14,964,000. Nuveen LLC owned approximately 0.30% of White Mountains Insurance Group at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WTM. Russell Investments Group Ltd. boosted its holdings in White Mountains Insurance Group by 5.4% in the fourth quarter. Russell Investments Group Ltd. now owns 137 shares of the insurance provider's stock worth $266,000 after purchasing an additional 7 shares during the last quarter. GeoWealth Management LLC increased its holdings in White Mountains Insurance Group by 26.9% in the 4th quarter. GeoWealth Management LLC now owns 33 shares of the insurance provider's stock valued at $64,000 after acquiring an additional 7 shares during the last quarter. Private Trust Co. NA increased its holdings in 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 acquiring an additional 7 shares during the last quarter. Bessemer Group Inc. increased its holdings in 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 acquiring an additional 9 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in 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 acquiring an additional 9 shares during the last quarter. 88.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

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 0.3%

White Mountains Insurance Group stock traded up $4.83 during trading hours on Tuesday, hitting $1,832.88. The company had a trading volume of 27,021 shares, compared to its average volume of 26,358. The firm has a market cap of $4.73 billion, a P/E ratio of 22.96 and a beta of 0.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81. 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 50-day moving average price of $1,792.66 and a two-hundred day moving average price of $1,804.87.

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.