TD Asset Management Inc Raises 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 stake in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 15.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,592 shares of the insurance provider's stock after buying 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.

Several other hedge funds also recently made changes to their positions in WTM. GAMMA Investing LLC grew its position in shares of White Mountains Insurance Group by 276,054.7% in 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 during the last quarter. Cooke & Bieler LP grew its position in White Mountains Insurance Group by 60.4% in the first quarter. Cooke & Bieler LP now owns 54,652 shares of the insurance provider's stock valued at $105,249,000 after acquiring an additional 20,582 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of White Mountains Insurance Group by 85.3% during the fourth quarter. First Trust Advisors LP now owns 20,218 shares of the insurance provider's stock worth $39,325,000 after buying an additional 9,308 shares in the last quarter. Phocas Financial Corp. acquired a new position in White Mountains Insurance Group in the 4th quarter valued at approximately $11,091,000. Finally, Victory Capital Management Inc. raised its position in shares of White Mountains Insurance Group by 39.3% during the first quarter. Victory Capital Management Inc. now owns 16,091 shares of the insurance provider's stock worth $30,988,000 after acquiring an additional 4,543 shares during the last quarter. 88.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised White Mountains Insurance Group from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th.

White Mountains Insurance Group Stock Up 0.7%

Shares of WTM stock traded up $12.46 on Wednesday, reaching $1,797.47. 21,764 shares of the company were exchanged, compared to its average volume of 18,111. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 165.66 and a beta of 0.37. The company has a 50-day moving average of $1,784.06 and a 200-day moving average of $1,815.41. White Mountains Insurance Group, Ltd. has a one year low of $1,666.22 and a one year high of $2,023.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.78.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last posted its earnings results 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 during the quarter. White Mountains Insurance Group had a net margin of 1.29% and a return on equity of 5.01%.

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.