Select Equity Group L.P. Boosts Stock Position in White Mountains Insurance Group, Ltd. $WTM

Key Points

• Select Equity Group L.P. increased its stake in White Mountains Insurance Group by 1.4%, holding approximately 27,999 shares valued at about $53.9 million.
• In the first quarter, several institutional investors significantly raised their stakes in White Mountains Insurance Group, with increases up to 866.7% reported.
• Analyst ratings for White Mountains Insurance Group improved, with Wall Street Zen upgrading the company from a "sell" to a "hold" rating.

Select Equity Group L.P. boosted its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,999 shares of the insurance provider's stock after purchasing an additional 400 shares during the quarter. Select Equity Group L.P. owned approximately 1.09% of White Mountains Insurance Group worth $53,921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Northern Trust Corp lifted its stake in White Mountains Insurance Group by 12.1% in the 4th quarter. Northern Trust Corp now owns 18,071 shares of the insurance provider's stock worth $35,149,000 after purchasing an additional 1,957 shares in the last quarter. Algert Global LLC purchased a new stake in shares of White Mountains Insurance Group in the fourth quarter worth $453,000. Ameriprise Financial Inc. raised its position in shares of White Mountains Insurance Group by 6.4% in the fourth quarter. Ameriprise Financial Inc. now owns 3,277 shares of the insurance provider's stock worth $6,374,000 after buying an additional 198 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of White Mountains Insurance Group in the fourth quarter worth $539,000. Finally, Captrust Financial Advisors raised its position in shares of White Mountains Insurance Group by 11.4% in the fourth quarter. Captrust Financial Advisors now owns 597 shares of the insurance provider's stock worth $1,161,000 after buying an additional 61 shares in the last quarter. Institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Price Performance

Shares of WTM stock traded up $7.38 on Friday, reaching $1,781.89. The company's stock had a trading volume of 6,910 shares, compared to its average volume of 20,040. 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, Ltd. has a 12-month low of $1,678.87 and a 12-month high of $2,023.00. The company has a market capitalization of $4.60 billion, a P/E ratio of 22.24 and a beta of 0.38. The stock's 50 day simple moving average is $1,799.88 and its 200-day simple moving average is $1,800.87.

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.