MML Investors Services LLC purchased a new stake in White Mountains Insurance Group Ltd (NYSE:WTM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 403 shares of the insurance provider’s stock, valued at approximately $377,000.

Other large investors also recently added to or reduced their stakes in the company. Columbia Asset Management purchased a new stake in shares of White Mountains Insurance Group during the 3rd quarter worth about $172,000. Commonwealth Equity Services LLC purchased a new stake in shares of White Mountains Insurance Group during the 2nd quarter worth about $207,000. Signaturefd LLC raised its stake in shares of White Mountains Insurance Group by 77.8% during the 2nd quarter. Signaturefd LLC now owns 240 shares of the insurance provider’s stock worth $218,000 after purchasing an additional 105 shares in the last quarter. Country Club Trust Company n.a. purchased a new stake in shares of White Mountains Insurance Group during the 2nd quarter worth about $220,000. Finally, Pitcairn Co. bought a new position in shares of White Mountains Insurance Group in the 2nd quarter valued at approximately $248,000. Institutional investors and hedge funds own 86.42% of the company’s stock.

A number of research analysts recently weighed in on WTM shares. Zacks Investment Research downgraded White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. ValuEngine raised White Mountains Insurance Group from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th.

Shares of WTM stock opened at $924.38 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.06. White Mountains Insurance Group Ltd has a twelve month low of $786.23 and a twelve month high of $980.89. The company has a market capitalization of $2.96 billion, a P/E ratio of -107.24 and a beta of 0.42.

White Mountains Insurance Group (NYSE:WTM) last released its earnings results on Monday, November 5th. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.37 by ($1.32). White Mountains Insurance Group had a net margin of 3.94% and a return on equity of 0.06%. The business had revenue of $20.40 million during the quarter.

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About White Mountains Insurance Group

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and reinsurance services in the United States. The company operates through HG Global/BAM, MediaAlpha, and Other segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, core governmental functions, and existing transportation facilities.

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

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