T. Rowe Price Investment Management Inc. Purchases 4,711 Shares of White Mountains Insurance Group, Ltd. $WTM

Key Points

• T. Rowe Price Investment Management Inc. increased its holdings in White Mountains Insurance Group by 8.2%, owning 62,466 shares valued at approximately $120.3 million.
• Other institutional investors also altered their positions, with American Century Companies Inc. boosting its stake by 30.9% in the first quarter.
• Wall Street analysts upgraded White Mountains Insurance Group from a "sell" to a "hold" rating on May 13th.

T. Rowe Price Investment Management Inc. boosted its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 8.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,466 shares of the insurance provider's stock after buying an additional 4,711 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 2.43% of White Mountains Insurance Group worth $120,298,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GeoWealth Management LLC lifted its position in White Mountains Insurance Group by 26.9% in the 4th quarter. GeoWealth Management LLC now owns 33 shares of the insurance provider's stock valued at $64,000 after acquiring an additional 7 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in White Mountains Insurance Group by 5.4% in the fourth quarter. Russell Investments Group Ltd. now owns 137 shares of the insurance provider's stock worth $266,000 after purchasing an additional 7 shares during the period. Private Trust Co. NA grew its holdings in shares of White Mountains Insurance Group by 87.5% during the first quarter. Private Trust Co. NA now owns 15 shares of the insurance provider's stock valued at $29,000 after buying an additional 7 shares during the last quarter. Bessemer Group Inc. raised its position in White Mountains Insurance Group by 10.6% in the first quarter. Bessemer Group Inc. now owns 94 shares of the insurance provider's stock worth $181,000 after acquiring an additional 9 shares during the period. Finally, Cetera Investment Advisers increased its holdings in White Mountains Insurance Group by 3.7% in the 1st quarter. Cetera Investment Advisers now owns 252 shares of the insurance provider's stock valued at $485,000 after acquiring an additional 9 shares during the last quarter. 88.65% of the stock is currently owned by institutional investors and hedge funds.

White Mountains Insurance Group Stock Up 0.1%

NYSE WTM traded up $1.69 on Wednesday, reaching $1,837.38. The company had a trading volume of 19,304 shares, compared to its average volume of 19,171. White Mountains Insurance Group, Ltd. has a 1 year low of $1,678.87 and a 1 year high of $2,023.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50-day moving average of $1,792.66 and a 200-day moving average of $1,804.87. The firm has a market capitalization of $4.74 billion, a PE ratio of 23.01 and a beta of 0.37.

Wall Street Analyst Weigh In

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

White Mountains Insurance Group Company Profile

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.