Parsons Capital Management Inc. RI Has $3.40 Million Stake in White Mountains Insurance Group, Ltd. $WTM

Key Points

• Parsons Capital Management Inc. increased its stake in White Mountains Insurance Group by 25.5% during the 2nd quarter, now owning shares valued at approximately $3.4 million.
• Institutional investors and hedge funds collectively own 88.65% of White Mountains Insurance Group's stock, with significant increases in holdings reported from various investment firms.
• The company's stock currently has a market capitalization of $4.25 billion and a P/E ratio of 20.65, reflecting its financial performance and market valuation.

Parsons Capital Management Inc. RI raised its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 25.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,892 shares of the insurance provider's stock after buying an additional 384 shares during the period. Parsons Capital Management Inc. RI owned about 0.07% of White Mountains Insurance Group worth $3,398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Fiduciary Management Inc. WI increased its holdings in shares of White Mountains Insurance Group by 46.2% during the first quarter. Fiduciary Management Inc. WI now owns 71,795 shares of the insurance provider's stock worth $138,264,000 after buying an additional 22,681 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of White Mountains Insurance Group by 8.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 62,466 shares of the insurance provider's stock worth $120,298,000 after buying an additional 4,711 shares in the last quarter. Cooke & Bieler LP grew its stake in shares of White Mountains Insurance Group by 60.4% during the first quarter. Cooke & Bieler LP now owns 54,652 shares of the insurance provider's stock valued at $105,249,000 after purchasing an additional 20,582 shares during the last quarter. Reinhart Partners LLC. grew its stake in shares of White Mountains Insurance Group by 11.0% during the first quarter. Reinhart Partners LLC. now owns 42,478 shares of the insurance provider's stock valued at $81,804,000 after purchasing an additional 4,206 shares during the last quarter. Finally, Select Equity Group L.P. grew its stake in shares of White Mountains Insurance Group by 1.4% during the first quarter. Select Equity Group L.P. now owns 27,999 shares of the insurance provider's stock valued at $53,921,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 88.65% of the company's stock.

White Mountains Insurance Group Price Performance

WTM opened at $1,648.88 on Thursday. White Mountains Insurance Group, Ltd. has a one year low of $1,648.00 and a one year high of $2,023.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The company's 50 day simple moving average is $1,779.80 and its 200-day simple moving average is $1,788.12. The stock has a market capitalization of $4.25 billion, a P/E ratio of 20.65 and a beta of 0.31.

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.

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