UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 7,765 Shares of White Mountains Insurance Group, Ltd. $WTM

Key Points

• UBS Asset Management cut its White Mountains Insurance Group position by 99.2% in the second quarter, selling 7,765 shares and retaining just 61 shares valued at approximately $126,000.
• Institutional investors own 88.65% of WTM’s outstanding shares, although other firms reported modest increases in their holdings.
• WTM recently traded at $2,053.18, with a market capitalization of $4.91 billion and a price-to-earnings ratio of 4.67. Analyst sentiment is a “Moderate Buy”, based on one Buy and one Hold rating.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 99.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 61 shares of the insurance provider's stock after selling 7,765 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in White Mountains Insurance Group were worth $126,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. NewEdge Wealth LLC increased its stake in White Mountains Insurance Group by 4.3% during the 4th quarter. NewEdge Wealth LLC now owns 122 shares of the insurance provider's stock valued at $254,000 after purchasing an additional 5 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its stake in shares of White Mountains Insurance Group by 10.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 55 shares of the insurance provider's stock valued at $114,000 after buying an additional 5 shares in the last quarter. Wedbush Securities Inc. lifted its stake in shares of White Mountains Insurance Group by 2.2% in the fourth quarter. Wedbush Securities Inc. now owns 229 shares of the insurance provider's stock valued at $476,000 after buying an additional 5 shares in the last quarter. Clearstead Advisors LLC grew its holdings in shares of White Mountains Insurance Group by 19.4% during the fourth quarter. Clearstead Advisors LLC now owns 37 shares of the insurance provider's stock valued at $77,000 after buying an additional 6 shares during the last quarter. Finally, Bank of Nova Scotia grew its holdings in shares of White Mountains Insurance Group by 3.1% during the third quarter. Bank of Nova Scotia now owns 202 shares of the insurance provider's stock valued at $338,000 after buying an additional 6 shares during the last quarter. Institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Trading Up 0.0%

NYSE WTM opened at $2,053.18 on Monday. The business's fifty day moving average is $2,137.16 and its 200-day moving average is $2,148.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 4.67 and a beta of 0.30. White Mountains Insurance Group, Ltd. has a one year low of $1,648.00 and a one year high of $2,333.00.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WTM shares. Wall Street Zen upgraded shares of White Mountains Insurance Group from a "hold" rating to a "buy" rating in a report on Saturday, September 5th. Weiss Ratings raised White Mountains Insurance Group from a "hold (c+)" rating to a "buy (b)" rating in a report on Wednesday, August 12th. Finally, Zacks Research raised White Mountains Insurance Group to a "hold" rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, White Mountains Insurance Group presently has a consensus rating of "Moderate Buy".

About White Mountains Insurance Group

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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