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. reduced its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,724 shares of the insurance provider's stock after selling 748 shares during the period. Raymond James Financial Inc. owned 1.23% of White Mountains Insurance Group worth $61,094,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. American Century Companies Inc. lifted its position in shares of White Mountains Insurance Group by 30.9% during the first quarter. American Century Companies Inc. now owns 7,036 shares of the insurance provider's stock valued at $13,550,000 after purchasing an additional 1,661 shares in the last quarter. Ethic Inc. raised its position in White Mountains Insurance Group by 9.6% in the first quarter. Ethic Inc. now owns 591 shares of the insurance provider's stock worth $1,124,000 after acquiring an additional 52 shares during the period. Nuveen LLC bought a new stake in White Mountains Insurance Group in the first quarter worth about $14,964,000. Townsquare Capital LLC raised its position in 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 acquiring an additional 12 shares during the period. Finally, Chicago Partners Investment Group LLC raised its position in 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 acquiring an additional 37 shares during the period. 88.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

White Mountains Insurance Group Stock Performance

WTM traded up $4.83 on Tuesday, hitting $1,832.88. The company's stock had a trading volume of 27,021 shares, compared to its average volume of 26,358. The company's 50 day simple moving average is $1,792.66 and its 200-day simple moving average is $1,804.87. The firm has a market cap of $4.73 billion, a P/E ratio of 22.96 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. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13.

White Mountains Insurance Group Company 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.