Raymond James Financial Inc. Sells 748 Shares of White Mountains Insurance Group, Ltd. $WTM

Key Points

• Raymond James Financial Inc. reduced its stake in White Mountains Insurance Group by 2.3%, selling 748 shares and holding approximately 1.23% of the company valued at $61,094,000.
• Institutional investors collectively own 88.65% of White Mountains Insurance Group stock, with significant increases in holdings from several firms during the first quarter.
• Shares of White Mountains Insurance Group opened at $1,834.75, representing a 1.2% increase in value.

Raymond James Financial Inc. lowered its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,724 shares of the insurance provider's stock after selling 748 shares during the quarter. Raymond James Financial Inc. owned approximately 1.23% of White Mountains Insurance Group worth $61,094,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in WTM. Private Trust Co. NA lifted its holdings in shares of White Mountains Insurance Group by 87.5% in the first quarter. Private Trust Co. NA now owns 15 shares of the insurance provider's stock worth $29,000 after buying an additional 7 shares in the last quarter. Whipplewood Advisors LLC lifted its holdings in shares of White Mountains Insurance Group by 866.7% in the first quarter. Whipplewood Advisors LLC now owns 29 shares of the insurance provider's stock worth $56,000 after buying an additional 26 shares in the last quarter. GeoWealth Management LLC lifted its holdings in shares of White Mountains Insurance Group by 26.9% in the fourth quarter. GeoWealth Management LLC now owns 33 shares of the insurance provider's stock worth $64,000 after buying an additional 7 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of White Mountains Insurance Group by 36.1% in the first quarter. First Horizon Advisors Inc. now owns 49 shares of the insurance provider's stock worth $94,000 after buying an additional 13 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of White Mountains Insurance Group by 66.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 60 shares of the insurance provider's stock worth $117,000 after buying an additional 24 shares in the last quarter. Institutional investors own 88.65% of the company's stock.

Analyst Upgrades and Downgrades

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 Stock Up 1.2%

Shares of White Mountains Insurance Group stock opened at $1,834.75 on Thursday. 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 company's fifty day simple moving average is $1,786.58 and its two-hundred day simple moving average is $1,808.39. The company has a market cap of $4.73 billion, a P/E ratio of 22.98 and a beta of 0.37. White Mountains Insurance Group, Ltd. has a 12-month low of $1,678.87 and a 12-month high of $2,023.00.

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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