WCM Investment Management LLC Has $23.36 Million Position in White Mountains Insurance Group, Ltd. $WTM

Key Points

• WCM Investment Management LLC has reduced its stake in White Mountains Insurance Group by 1.1%, now owning approximately $23.36 million in shares.
• Other institutional investors have increased their holdings significantly, with Private Trust Co. NA up by 87.5% and Fifth Third Bancorp up by 183.3% this quarter.
• Weiss Ratings upgraded White Mountains Insurance Group from a "hold" to a "buy" rating, contributing to a consensus "Buy" rating among analysts.

WCM Investment Management LLC cut its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,097 shares of the insurance provider's stock after selling 148 shares during the quarter. WCM Investment Management LLC owned about 0.51% of White Mountains Insurance Group worth $23,364,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Private Trust Co. NA increased its holdings 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 acquiring an additional 7 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of White Mountains Insurance Group by 183.3% during the 2nd quarter. Fifth Third Bancorp now owns 17 shares of the insurance provider's stock worth $31,000 after acquiring an additional 11 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of White Mountains Insurance Group by 325.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider's stock worth $33,000 after acquiring an additional 13 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of White Mountains Insurance Group by 90.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 21 shares of the insurance provider's stock worth $40,000 after acquiring an additional 10 shares during the last quarter. Finally, Steph & Co. acquired a new position in shares of White Mountains Insurance Group during the 2nd quarter worth approximately $47,000. 88.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised White Mountains Insurance Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy".

White Mountains Insurance Group Stock Performance

WTM opened at $1,889.92 on Thursday. The firm has a market cap of $4.87 billion, a P/E ratio of 23.67 and a beta of 0.31. White Mountains Insurance Group, Ltd. has a 52-week low of $1,648.00 and a 52-week high of $2,023.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81. The business's fifty day moving average is $1,797.39 and its 200-day moving average is $1,786.86.

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.

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