Cove Street Capital LLC Reduces Holdings in 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 decreased its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 54.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 491 shares of the insurance provider's stock after selling 576 shares during the quarter. White Mountains Insurance Group accounts for approximately 1.5% of Cove Street Capital LLC's holdings, making the stock its 28th biggest position. Cove Street Capital LLC's holdings in White Mountains Insurance Group were worth $946,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of WTM. Tower Research Capital LLC TRC raised its position in White Mountains Insurance Group by 66.7% in 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 last quarter. Voya Investment Management LLC raised its position in White Mountains Insurance Group by 52.8% in 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 last quarter. Tudor Investment Corp ET AL raised its position in White Mountains Insurance Group by 27.0% in 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 last quarter. Northern Trust Corp raised its position in White Mountains Insurance Group by 12.1% in 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 last quarter. Finally, Algert Global LLC purchased a new position in White Mountains Insurance Group in the 4th quarter worth about $453,000. Hedge funds and other institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Stock Performance

White Mountains Insurance Group stock traded down $7.10 during midday trading on Friday, hitting $1,793.41. The stock had a trading volume of 20,905 shares, compared to its average volume of 26,750. The firm's fifty day moving average is $1,800.57 and its two-hundred day moving average is $1,802.41. The company has a market capitalization of $4.63 billion, a PE ratio of 22.46 and a beta of 0.38. White Mountains Insurance Group, Ltd. has a 52-week low of $1,678.87 and a 52-week high of $2,023.00. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

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

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.