Sendero Wealth Management LLC Acquires 185 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Sendero Wealth Management LLC grew its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 79.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 419 shares of the insurance provider's stock after buying an additional 185 shares during the period. Sendero Wealth Management LLC's holdings in White Mountains Insurance Group were worth $807,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WTM. GAMMA Investing LLC increased its stake in shares of White Mountains Insurance Group by 276,054.7% during the first quarter. GAMMA Investing LLC now owns 146,362 shares of the insurance provider's stock valued at $281,865,000 after purchasing an additional 146,309 shares in the last quarter. Cooke & Bieler LP purchased a new stake in shares of White Mountains Insurance Group in the fourth quarter worth $66,268,000. Raymond James Financial Inc. bought a new position in shares of White Mountains Insurance Group during the fourth quarter valued at $63,160,000. Norges Bank purchased a new position in shares of White Mountains Insurance Group in the 4th quarter worth about $59,661,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of White Mountains Insurance Group in the 4th quarter worth about $45,407,000. 88.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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.

White Mountains Insurance Group Stock Performance

Shares of White Mountains Insurance Group stock traded up $10.75 during trading on Friday, hitting $1,807.61. 12,745 shares of the company's stock traded hands, compared to its average volume of 14,130. 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 stock has a market capitalization of $4.65 billion, a P/E ratio of 20.15 and a beta of 0.34. The business has a 50-day simple moving average of $1,776.68 and a 200-day simple moving average of $1,861.91. White Mountains Insurance Group, Ltd. has a 1 year low of $1,666.22 and a 1 year high of $2,023.00.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The insurance provider reported ($20.50) earnings per share for the quarter, missing analysts' consensus estimates of ($14.00) by ($6.50). The company had revenue of $472.20 million for the quarter. White Mountains Insurance Group had a net margin of 10.29% and a return on equity of 10.56%.

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.