Vanguard Group Inc. Has $481.68 Million Stock Holdings in White Mountains Insurance Group, Ltd. $WTM

Key Points

• Vanguard Group Inc. reduced its stake in White Mountains Insurance Group by 0.6%, maintaining ownership of 250,116 shares, worth approximately $481.7 million.
• White Mountains Insurance Group shares declined by 4.3% to $1,765.61, with a market capitalization of $4.56 billion and a P/E ratio of 22.11.
• Wall Street Zen upgraded the rating for White Mountains Insurance Group from "sell" to "hold" in a recent analyst report.

Vanguard Group Inc. lessened its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 250,116 shares of the insurance provider's stock after selling 1,623 shares during the quarter. Vanguard Group Inc. owned approximately 9.72% of White Mountains Insurance Group worth $481,676,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of WTM. GAMMA Investing LLC boosted its holdings in 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 boosted its stake in White Mountains Insurance Group by 60.4% in the 1st quarter. Cooke & Bieler LP now owns 54,652 shares of the insurance provider's stock valued at $105,249,000 after buying an additional 20,582 shares in the last quarter. Reinhart Partners LLC. boosted its stake in White Mountains Insurance Group by 11.0% in the 1st quarter. Reinhart Partners LLC. now owns 42,478 shares of the insurance provider's stock valued at $81,804,000 after buying an additional 4,206 shares in the last quarter. Lord Abbett & CO. LLC grew its position in White Mountains Insurance Group by 0.3% in the fourth quarter. Lord Abbett & CO. LLC now owns 33,116 shares of the insurance provider's stock valued at $64,413,000 after acquiring an additional 104 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in White Mountains Insurance Group by 7.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 24,857 shares of the insurance provider's stock worth $47,278,000 after acquiring an additional 1,621 shares in the last quarter. 88.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

White Mountains Insurance Group Price Performance

White Mountains Insurance Group stock traded up $23.48 during trading hours on Tuesday, hitting $1,786.95. 7,516 shares of the stock were exchanged, compared to its average volume of 18,877. The stock has a market capitalization of $4.60 billion, a P/E ratio of 22.38 and a beta of 0.37. The business's 50-day moving average is $1,784.52 and its two-hundred day moving average is $1,808.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81. White Mountains Insurance Group, Ltd. has a 12 month low of $1,678.87 and a 12 month high of $2,023.00.

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.