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

A number of other hedge funds have also recently modified their holdings of the company. Magnetar Financial LLC purchased a new position in shares of White Mountains Insurance Group in the first quarter valued at about $227,000. WPG Advisers LLC purchased a new position in shares of White Mountains Insurance Group in the first quarter valued at about $75,000. Northwestern Mutual Wealth Management Co. increased its position in shares of White Mountains Insurance Group by 90.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 21 shares of the insurance provider's stock valued at $40,000 after acquiring an additional 10 shares during the period. Douglass Winthrop Advisors LLC purchased a new position in shares of White Mountains Insurance Group in the first quarter valued at about $368,000. Finally, Fiduciary Management Inc. WI increased its position in shares of White Mountains Insurance Group by 46.2% in the first quarter. Fiduciary Management Inc. WI now owns 71,795 shares of the insurance provider's stock valued at $138,264,000 after acquiring an additional 22,681 shares during the period. Hedge funds and other institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Trading Down 2.6%

Shares of WTM stock traded down $46.54 during mid-day trading on Monday, reaching $1,716.27. The stock had a trading volume of 40,379 shares, compared to its average volume of 29,089. The stock's 50-day moving average price is $1,798.12 and its two-hundred day moving average price is $1,799.07. White Mountains Insurance Group, Ltd. has a 52-week low of $1,678.87 and a 52-week high of $2,023.00. The firm has a market capitalization of $4.43 billion, a PE ratio of 21.50 and a beta of 0.38. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13.

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.