Wellington Management Group LLP Sells 24,488 Shares of White Mountains Insurance Group, Ltd. $WTM

Key Points

• Wellington Management Group LLP has reduced its stake in White Mountains Insurance Group by 49%, owning 25,438 shares valued at approximately $48.9 million as of the end of the 1st quarter.
• Several institutional investors, including Private Trust Co. NA and Whipplewood Advisors LLC, have increased their holdings in White Mountains Insurance Group significantly during the same period.
• The company currently has a market capitalization of $4.80 billion and has recently been upgraded from a "sell" to a "hold" rating by analysts at Wall Street Zen.

Wellington Management Group LLP cut its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 49.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,438 shares of the insurance provider's stock after selling 24,488 shares during the period. Wellington Management Group LLP owned about 0.99% of White Mountains Insurance Group worth $48,989,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its position in White Mountains Insurance Group by 276,054.7% in the 1st quarter. GAMMA Investing LLC now owns 146,362 shares of the insurance provider's stock valued at $281,865,000 after buying an additional 146,309 shares during the last quarter. Cooke & Bieler LP lifted its stake in shares of White Mountains Insurance Group by 60.4% in the 1st quarter. Cooke & Bieler LP now owns 54,652 shares of the insurance provider's stock valued at $105,249,000 after purchasing an additional 20,582 shares during the period. Reinhart Partners LLC. lifted its stake in shares of White Mountains Insurance Group by 11.0% in the 1st quarter. Reinhart Partners LLC. now owns 42,478 shares of the insurance provider's stock valued at $81,804,000 after purchasing an additional 4,206 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of White Mountains Insurance Group by 0.3% in the 4th quarter. Lord Abbett & CO. LLC now owns 33,116 shares of the insurance provider's stock valued at $64,413,000 after purchasing an additional 104 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of White Mountains Insurance Group by 7.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,857 shares of the insurance provider's stock valued at $47,278,000 after purchasing an additional 1,621 shares during the period. 88.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised 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 Down 0.7%

WTM stock traded down $13.44 during trading hours on Thursday, reaching $1,831.98. 18,059 shares of the stock were exchanged, compared to its average volume of 19,296. The firm's 50-day moving average is $1,794.68 and its 200-day moving average is $1,805.17. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 22.95 and a beta of 0.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. White Mountains Insurance Group, Ltd. has a 12 month low of $1,678.87 and a 12 month high of $2,023.00.

White Mountains Insurance Group 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.