Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 2.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,830 shares of the insurance provider’s stock after acquiring an additional 100 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.08% of White Mountains Insurance Group worth $3,327,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of WTM. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in White Mountains Insurance Group during the 1st quarter worth $114,000. Public Employees Retirement Association of Colorado increased its holdings in White Mountains Insurance Group by 2.2% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 137 shares of the insurance provider’s stock worth $119,000 after purchasing an additional 3 shares during the period. SG Americas Securities LLC increased its holdings in White Mountains Insurance Group by 15.2% during the 1st quarter. SG Americas Securities LLC now owns 174 shares of the insurance provider’s stock worth $153,000 after purchasing an additional 23 shares during the period. Tower Research Capital LLC TRC purchased a new position in White Mountains Insurance Group during the 1st quarter worth $153,000. Finally, Airain ltd purchased a new position in White Mountains Insurance Group during the 2nd quarter worth $220,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

WTM has been the topic of several research reports. Zacks Investment Research upgraded White Mountains Insurance Group from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. ValuEngine upgraded White Mountains Insurance Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th.

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White Mountains Insurance Group, Ltd. (NYSE:WTM) opened at 872.82 on Thursday. The firm’s 50-day moving average price is $860.98 and its 200 day moving average price is $872.89. The stock has a market capitalization of $3.74 billion, a P/E ratio of 37.63 and a beta of 0.52. White Mountains Insurance Group, Ltd. has a 12-month low of $810.52 and a 12-month high of $948.94.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings data on Friday, August 4th. The insurance provider reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $1.66. White Mountains Insurance Group had a return on equity of 1.01% and a net margin of 9.80%. The firm had revenue of $18.50 million for the quarter, compared to analysts’ expectations of $299.20 million. On average, equities analysts anticipate that White Mountains Insurance Group, Ltd. will post ($10.75) EPS for the current year.

White Mountains Insurance Group declared that its board has approved a share repurchase plan on Thursday, August 17th that allows the company to repurchase 500,000 outstanding shares. This repurchase authorization allows the insurance provider to repurchase shares of its stock through a dutch auction. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

White Mountains Insurance Group Profile

White Mountains Insurance Group, Ltd. is a holding company. The Company’s principal businesses are conducted through its insurance subsidiaries and other affiliates. Its segments include OneBeacon, HG Global/BAM and Other Operations. The OneBeacon segment consists of the operations of OneBeacon Insurance Group, Ltd.

Institutional Ownership by Quarter for White Mountains Insurance Group (NYSE:WTM)

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