White Mountains Insurance Group, Ltd. $WTM Stock Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP cut its White Mountains Insurance Group stake by 56.3% in the second quarter, selling 787 shares and retaining 611 shares valued at approximately $1.27 million.
• Institutional investors collectively own 88.65% of WTM, while several smaller funds recently initiated or increased positions.
• WTM shares opened at $2,031.39, with a $4.86 billion market capitalization and a consensus analyst rating of “Moderate Buy”, despite mixed recent rating changes.

Corient Private Wealth LP lowered its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 56.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 611 shares of the insurance provider's stock after selling 787 shares during the quarter. Corient Private Wealth LP's holdings in White Mountains Insurance Group were worth $1,267,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Global Assets Advisory LLC purchased a new position in White Mountains Insurance Group during the first quarter worth $33,000. Gables Capital Management Inc. bought a new position in White Mountains Insurance Group during the second quarter valued at $31,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of White Mountains Insurance Group in the second quarter valued at $44,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of White Mountains Insurance Group by 83.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 22 shares of the insurance provider's stock worth $46,000 after acquiring an additional 10 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in shares of White Mountains Insurance Group by 19.4% in the 4th quarter. Clearstead Advisors LLC now owns 37 shares of the insurance provider's stock worth $77,000 after acquiring an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Stock Up 0.1%

Shares of NYSE WTM opened at $2,031.39 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $4.86 billion, a PE ratio of 4.62 and a beta of 0.30. The stock's fifty day simple moving average is $2,112.01 and its two-hundred day simple moving average is $2,137.81. White Mountains Insurance Group, Ltd. has a 12-month low of $1,648.00 and a 12-month high of $2,333.00.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WTM. Weiss Ratings raised shares of White Mountains Insurance Group from a "hold (c+)" rating to a "buy (b)" rating in a research note on Wednesday, August 12th. Wall Street Zen cut White Mountains Insurance Group from a "buy" rating to a "hold" rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is a Bermuda-based financial services holding company that owns and manages businesses primarily focused on property and casualty insurance and reinsurance. The company operates through subsidiaries and affiliated businesses rather than functioning as a traditional single-line insurer.

Its activities have included specialty insurance and reinsurance, insurance program management, and municipal bond insurance. White Mountains also owns or invests in businesses involved in asset management and other insurance-related financial services, including specialty managing general agents and investment-management platforms.

White Mountains serves customers and business partners primarily in the United States, while its Bermuda domicile and reinsurance operations provide an international platform.

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