White Mountains Insurance Group, Ltd. $WTM Shares Sold by Reinhart Partners LLC.

Key Points

• Reinhart Partners reduced its White Mountains Insurance Group stake by 1.2% in the third quarter, selling 521 shares and retaining 43,959 shares valued at approximately $88.2 million.
• Institutional investors and hedge funds own 88.65% of WTM’s outstanding shares, with several firms initiating or increasing positions during recent quarters.
• WTM has a “Moderate Buy” consensus rating, though one research firm downgraded the stock to “Hold.” Shares opened at $2,062.40, with a market capitalization of $4.93 billion and a 12-month trading range of $1,830.13 to $2,333.00.

Reinhart Partners LLC. trimmed its position in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,959 shares of the insurance provider's stock after selling 521 shares during the quarter. White Mountains Insurance Group comprises 2.1% of Reinhart Partners LLC.'s holdings, making the stock its 18th largest position. Reinhart Partners LLC. owned approximately 1.84% of White Mountains Insurance Group worth $88,203,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Global Assets Advisory LLC purchased a new stake in White Mountains Insurance Group in the first quarter valued at approximately $33,000. Gables Capital Management Inc. purchased a new position in White Mountains Insurance Group during the 2nd quarter worth approximately $31,000. Keating Financial Advisory Services Inc. acquired a new stake in White Mountains Insurance Group during the 2nd quarter valued at approximately $44,000. Versant Capital Management Inc lifted its stake in 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 during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of White Mountains Insurance Group in the 2nd quarter valued at $83,000. Institutional investors and hedge funds own 88.65% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WTM. Wall Street Zen lowered shares of White Mountains Insurance Group from a "buy" rating to a "hold" rating in a research note on Saturday, September 26th. Weiss Ratings lowered shares of White Mountains Insurance Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 25th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

White Mountains Insurance Group Price Performance

Shares of NYSE WTM opened at $2,062.40 on Friday. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 4.69 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's 50 day simple moving average is $2,083.17 and its 200-day simple moving average is $2,126.45. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.74 and a quick ratio of 0.74.

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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