Squarepoint Ops LLC Acquires New Holdings in White Mountains Insurance Group, Ltd. $WTM

Key Points

• Squarepoint Ops LLC initiated a position in White Mountains Insurance Group during the second quarter, purchasing 905 shares worth approximately $1.88 million.
• Institutional ownership remains high at 88.65%, with major investors including California State Teachers Retirement System, River Road Asset Management, BlackRock, Wallace Capital Management, and Reinhart Partners adjusting or initiating positions.
• Analyst sentiment is generally positive: Wall Street Zen and Weiss Ratings upgraded the stock to “buy,” while Zacks Research rated it “hold.” MarketBeat reports a consensus rating of “Moderate Buy.”

Squarepoint Ops LLC bought a new stake in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 905 shares of the insurance provider's stock, valued at approximately $1,876,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. California State Teachers Retirement System lifted its stake in shares of White Mountains Insurance Group by 198,189.9% in the 2nd quarter. California State Teachers Retirement System now owns 5,724,630 shares of the insurance provider's stock valued at $11,869,391,000 after acquiring an additional 5,721,743 shares during the last quarter. River Road Asset Management LLC boosted its holdings in shares of White Mountains Insurance Group by 10.3% during the 4th quarter. River Road Asset Management LLC now owns 120,880 shares of the insurance provider's stock valued at $251,192,000 after acquiring an additional 11,292 shares in the last quarter. BlackRock Inc. bought a new stake in White Mountains Insurance Group during the 2nd quarter worth $244,393,000. Wallace Capital Management Inc. bought a new stake in White Mountains Insurance Group during the 2nd quarter worth $166,010,000. Finally, Reinhart Partners LLC. increased its holdings in White Mountains Insurance Group by 19.0% in the 2nd quarter. Reinhart Partners LLC. now owns 44,480 shares of the insurance provider's stock worth $92,265,000 after purchasing an additional 7,106 shares in the last quarter. Institutional investors own 88.65% of the company's stock.

Analyst Upgrades and Downgrades

WTM has been the topic of several research reports. Wall Street Zen upgraded White Mountains Insurance Group from a "hold" rating to a "buy" rating in a report on Saturday, September 5th. Weiss Ratings raised shares of White Mountains Insurance Group from a "hold (c+)" rating to a "buy (b)" rating in a report on Wednesday, August 12th. Finally, Zacks Research upgraded shares of White Mountains Insurance Group to a "hold" rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

White Mountains Insurance Group Stock Up 0.2%

Shares of WTM opened at $2,056.36 on Tuesday. The stock's 50-day moving average price is $2,135.00 and its two-hundred day moving average price is $2,147.78. White Mountains Insurance Group, Ltd. has a 12 month low of $1,648.00 and a 12 month high of $2,333.00. The company has a market capitalization of $4.91 billion, a PE ratio of 4.68 and a beta of 0.30. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.15.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based financial services holding company that owns and manages businesses primarily focused on property and casualty insurance and reinsurance. The company operates through subsidiaries and affiliated businesses rather than functioning as a traditional single-line insurer.

Its activities have included specialty insurance and reinsurance, insurance program management, and municipal bond insurance. White Mountains also owns or invests in businesses involved in asset management and other insurance-related financial services, including specialty managing general agents and investment-management platforms.

White Mountains serves customers and business partners primarily in the United States, while its Bermuda domicile and reinsurance operations provide an international platform.

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