AQR Capital Management LLC Lowers Position in White Mountains Insurance Group, Ltd. $WTM

Key Points

• AQR Capital Management LLC reduced its stake in White Mountains Insurance Group by 16.3%, owning 8,492 shares worth approximately $16.2 million at the end of the latest quarter.
• Other institutional investors, such as Private Trust Co. NA and Northwestern Mutual Wealth Management Co., have significantly increased their holdings, with growth rates of 87.5% and 90.9% respectively in the first quarter.
• Wall Street analysts upgraded White Mountains Insurance Group's rating from "sell" to "hold", indicating a positive shift in market sentiment.

AQR Capital Management LLC lessened its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 16.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,492 shares of the insurance provider's stock after selling 1,648 shares during the period. AQR Capital Management LLC owned approximately 0.33% of White Mountains Insurance Group worth $16,221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its holdings in shares of White Mountains Insurance Group by 6.4% in the 4th quarter. Ameriprise Financial Inc. now owns 3,277 shares of the insurance provider's stock worth $6,374,000 after purchasing an additional 198 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of White Mountains Insurance Group in the 4th quarter worth $539,000. Captrust Financial Advisors increased its holdings in shares of White Mountains Insurance Group by 11.4% in the 4th quarter. Captrust Financial Advisors now owns 597 shares of the insurance provider's stock worth $1,161,000 after purchasing an additional 61 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of White Mountains Insurance Group by 120.3% in the 4th quarter. Deutsche Bank AG now owns 337 shares of the insurance provider's stock worth $655,000 after purchasing an additional 184 shares in the last quarter. Finally, Ethic Inc. increased its holdings in shares of White Mountains Insurance Group by 6.9% in the 4th quarter. Ethic Inc. now owns 539 shares of the insurance provider's stock worth $1,048,000 after purchasing an additional 35 shares in the last quarter. Institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Stock Down 0.6%

Shares of White Mountains Insurance Group stock traded down $11.47 on Friday, reaching $1,763.04. The company's stock had a trading volume of 26,557 shares, compared to its average volume of 29,857. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 22.08 and a beta of 0.38. The firm's fifty day simple moving average is $1,799.44 and its two-hundred day simple moving average is $1,800.45. 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 quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13.

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.