TD Asset Management Inc Has $3.07 Million Stock Position in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Key Points

• TD Asset Management Inc increased its stake in White Mountains Insurance Group by 15.4%, now holding 1,592 shares valued at approximately $3,066,000.
• Other institutional investors have also significantly raised their positions, with Private Trust Co. NA increasing its holdings by 87.5% in the first quarter.
• Shares of White Mountains Insurance Group have recently been upgraded from a "sell" to a "hold" rating by Wall Street Zen.

TD Asset Management Inc grew its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 15.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,592 shares of the insurance provider's stock after acquiring an additional 212 shares during the quarter. TD Asset Management Inc owned 0.06% of White Mountains Insurance Group worth $3,066,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Private Trust Co. NA raised its stake in shares of White Mountains Insurance Group by 87.5% during the 1st quarter. Private Trust Co. NA now owns 15 shares of the insurance provider's stock worth $29,000 after purchasing an additional 7 shares in the last quarter. Huntington National Bank raised its stake in shares of White Mountains Insurance Group by 57.1% during the 4th quarter. Huntington National Bank now owns 22 shares of the insurance provider's stock worth $43,000 after purchasing an additional 8 shares in the last quarter. Whipplewood Advisors LLC raised its stake in shares of White Mountains Insurance Group by 866.7% during the 1st quarter. Whipplewood Advisors LLC now owns 29 shares of the insurance provider's stock worth $56,000 after purchasing an additional 26 shares in the last quarter. GeoWealth Management LLC raised its stake in White Mountains Insurance Group by 26.9% in the 4th quarter. GeoWealth Management LLC now owns 33 shares of the insurance provider's stock valued at $64,000 after acquiring an additional 7 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in White Mountains Insurance Group by 36.1% in the 1st quarter. First Horizon Advisors Inc. now owns 49 shares of the insurance provider's stock valued at $94,000 after acquiring an additional 13 shares during the period. Institutional investors and hedge funds own 88.65% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded 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

WTM stock traded down $15.45 during trading hours on Friday, hitting $1,772.35. 16,873 shares of the stock were exchanged, compared to its average volume of 24,240. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $4.55 billion, a P/E ratio of 163.35 and a beta of 0.37. The company has a 50-day simple moving average of $1,784.55 and a two-hundred day simple moving average of $1,816.10. White Mountains Insurance Group, Ltd. has a 12 month low of $1,666.22 and a 12 month high of $2,023.00.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The insurance provider reported ($20.50) earnings per share for the quarter, missing the consensus estimate of ($14.00) by ($6.50). The firm had revenue of $472.20 million for the quarter. White Mountains Insurance Group had a return on equity of 5.01% and a net margin of 1.29%.

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.