Cove Street Capital LLC Sells 576 Shares of White Mountains Insurance Group, Ltd. $WTM

Key Points

• Cove Street Capital LLC reduced its stake in White Mountains Insurance Group by 54.0%, leaving it with 491 shares valued at approximately $946,000.
• Institutional investors and hedge funds own 88.65% of White Mountains Insurance Group's stock, with several firms increasing their holdings in the first quarter.
• White Mountains Insurance Group's stock saw a 3.6% decline, opening at $1,771.32 with a market capitalization of $4.57 billion.

Cove Street Capital LLC cut its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 54.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 491 shares of the insurance provider's stock after selling 576 shares during the period. White Mountains Insurance Group accounts for approximately 1.5% of Cove Street Capital LLC's holdings, making the stock its 28th biggest holding. Cove Street Capital LLC's holdings in White Mountains Insurance Group were worth $946,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in White Mountains Insurance Group by 66.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 60 shares of the insurance provider's stock worth $117,000 after buying an additional 24 shares during the period. Voya Investment Management LLC raised its holdings in White Mountains Insurance Group by 52.8% during the 4th quarter. Voya Investment Management LLC now owns 495 shares of the insurance provider's stock worth $963,000 after buying an additional 171 shares during the period. Tudor Investment Corp ET AL raised its holdings in White Mountains Insurance Group by 27.0% during the 4th quarter. Tudor Investment Corp ET AL now owns 461 shares of the insurance provider's stock worth $897,000 after buying an additional 98 shares during the period. Northern Trust Corp raised its holdings in White Mountains Insurance Group by 12.1% during the 4th quarter. Northern Trust Corp now owns 18,071 shares of the insurance provider's stock worth $35,149,000 after buying an additional 1,957 shares during the period. Finally, Algert Global LLC acquired a new stake in White Mountains Insurance Group during the 4th quarter worth approximately $453,000. 88.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen raised 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 Stock Performance

Shares of WTM traded up $21.52 during midday trading on Tuesday, reaching $1,788.68. 34,165 shares of the stock were exchanged, compared to its average volume of 19,608. White Mountains Insurance Group, Ltd. has a twelve month low of $1,678.87 and a twelve month high of $2,023.00. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13. The company has a market cap of $4.61 billion, a P/E ratio of 22.40 and a beta of 0.38. The stock's 50 day simple moving average is $1,799.99 and its 200 day simple moving average is $1,801.55.

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.