White Mountains Insurance Group, Ltd. $WTM Shares Newly Bought by Diversified Management Inc.

Key Points

• Diversified Management Inc. initiated a position in White Mountains Insurance Group during the third quarter, buying 1,021 shares valued at approximately $2.05 million.
• Institutional investors and hedge funds own 88.65% of WTM’s outstanding shares, with several firms recently establishing or increasing positions.
• WTM opened at $2,058.13, with a $4.91 billion market capitalization and a price-to-earnings ratio of 4.68. Analyst sentiment remains a “Moderate Buy,” although some ratings were recently downgraded.

Diversified Management Inc. purchased a new position in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,021 shares of the insurance provider's stock, valued at approximately $2,049,000.

Several other institutional investors have also made changes to their positions in the stock. Global Assets Advisory LLC acquired a new position in White Mountains Insurance Group in the 1st quarter valued at approximately $33,000. Gables Capital Management Inc. acquired a new stake in shares of White Mountains Insurance Group during the 2nd quarter valued at $31,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of White Mountains Insurance Group during the 2nd quarter valued at $44,000. Versant Capital Management Inc grew its holdings in shares of White Mountains Insurance Group by 45.8% during the 3rd quarter. Versant Capital Management Inc now owns 35 shares of the insurance provider's stock valued at $70,000 after acquiring an additional 11 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of White Mountains Insurance Group in the second quarter worth $83,000. 88.65% of the stock is currently owned by institutional investors and hedge funds.

White Mountains Insurance Group Stock Performance

WTM stock opened at $2,058.13 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 4.68 and a beta of 0.28. White Mountains Insurance Group, Ltd. has a 12 month low of $1,830.13 and a 12 month high of $2,333.00. The firm has a 50 day moving average of $2,083.96 and a two-hundred day moving average of $2,126.90.

Analysts Set New Price Targets

Several analysts recently issued reports on WTM shares. Wall Street Zen lowered White Mountains Insurance Group from a "buy" rating to a "hold" rating in a report on Saturday, September 26th. Weiss Ratings downgraded White Mountains Insurance Group from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is a Bermuda-based holding company that owns and manages businesses in the insurance and related financial services industries. Rather than operating as a traditional single-line insurer, the company invests in a portfolio of specialty insurance, reinsurance, and financial services businesses.

White Mountains' operations and investments have included property and casualty insurance and reinsurance businesses, specialty insurance providers, and businesses serving the municipal bond market.

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