Phocas Financial Corp. Invests $11.09 Million in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Phocas Financial Corp. bought a new stake in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,702 shares of the insurance provider's stock, valued at approximately $11,091,000. White Mountains Insurance Group makes up approximately 1.5% of Phocas Financial Corp.'s investment portfolio, making the stock its 12th largest position. Phocas Financial Corp. owned approximately 0.22% of White Mountains Insurance Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WTM. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in White Mountains Insurance Group during the fourth quarter worth $420,000. Forum Financial Management LP grew its position in shares of White Mountains Insurance Group by 14.7% in the fourth quarter. Forum Financial Management LP now owns 1,374 shares of the insurance provider's stock valued at $2,673,000 after purchasing an additional 176 shares during the last quarter. Vise Technologies Inc. grew its position in shares of White Mountains Insurance Group by 21.6% in the fourth quarter. Vise Technologies Inc. now owns 169 shares of the insurance provider's stock valued at $329,000 after purchasing an additional 30 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of White Mountains Insurance Group by 32.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,104 shares of the insurance provider's stock valued at $19,653,000 after purchasing an additional 2,464 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in shares of White Mountains Insurance Group by 32.0% in the fourth quarter. Two Sigma Investments LP now owns 470 shares of the insurance provider's stock valued at $914,000 after purchasing an additional 114 shares during the last quarter. 88.65% of the stock is currently owned by hedge funds and other institutional investors.

White Mountains Insurance Group Stock Performance

Shares of NYSE WTM traded up $0.89 during mid-day trading on Friday, hitting $1,787.08. The company had a trading volume of 21,383 shares, compared to its average volume of 13,978. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.76 and a quick ratio of 0.76. The business's 50-day simple moving average is $1,786.40 and its 200-day simple moving average is $1,865.15. White Mountains Insurance Group, Ltd. has a 12 month low of $1,666.22 and a 12 month high of $2,023.00. The firm has a market cap of $4.60 billion, a P/E ratio of 19.86 and a beta of 0.34.

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 the consensus estimate of ($14.00) by ($6.50). White Mountains Insurance Group had a net margin of 10.29% and a return on equity of 10.56%. The company had revenue of $472.20 million during the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of White Mountains Insurance Group from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th.

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.