Reinhart Partners LLC. Has $74.90 Million Stock Position in White Mountains Insurance Group, Ltd. $WTM

Key Points

• Reinhart Partners LLC decreased its stake in White Mountains Insurance Group by 1.8%, holding 41,694 shares valued at approximately $74.90 million.
• Other institutional investors have significantly increased their holdings, with Private Trust Co. NA and Geneos Wealth Management Inc. raising theirs by 87.5% and 325.0%, respectively, in the first quarter.
• As of the latest report, White Mountains Insurance Group has a market cap of $4.43 billion and a one-year stock price range between $1,678.87 and $2,023.00.

Reinhart Partners LLC. lessened its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,694 shares of the insurance provider's stock after selling 784 shares during the quarter. White Mountains Insurance Group makes up approximately 2.6% of Reinhart Partners LLC.'s portfolio, making the stock its 13th largest holding. Reinhart Partners LLC. owned 1.62% of White Mountains Insurance Group worth $74,898,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in White Mountains Insurance Group by 70.4% during the second quarter. Parallel Advisors LLC now owns 46 shares of the insurance provider's stock valued at $83,000 after acquiring an additional 19 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in White Mountains Insurance Group by 54.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,259 shares of the insurance provider's stock valued at $8,202,000 after purchasing an additional 1,504 shares during the last quarter. Voya Investment Management LLC grew its holdings in White Mountains Insurance Group by 5.9% during the first quarter. Voya Investment Management LLC now owns 524 shares of the insurance provider's stock valued at $1,009,000 after purchasing an additional 29 shares during the last quarter. Strs Ohio acquired a new position in White Mountains Insurance Group during the first quarter valued at approximately $2,205,000. Finally, Geneos Wealth Management Inc. grew its holdings in White Mountains Insurance Group by 325.0% during the first quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 13 shares during the last quarter. Institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Stock Performance

WTM stock traded up $19.63 during midday trading on Friday, hitting $1,773.25. 45,923 shares of the company traded hands, compared to its average volume of 30,306. White Mountains Insurance Group, Ltd. has a twelve month low of $1,678.87 and a twelve 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. The business has a 50 day simple moving average of $1,793.57 and a 200-day simple moving average of $1,796.34. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 22.21 and a beta of 0.38.

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.