Reinhart Partners LLC. decreased its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM – Free Report) by 1.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,959 shares of the insurance provider’s stock after selling 521 shares during the quarter. White Mountains Insurance Group accounts for about 2.1% of Reinhart Partners LLC.’s holdings, making the stock its 18th largest holding. Reinhart Partners LLC.’s holdings in White Mountains Insurance Group were worth $88,203,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of WTM. Global Assets Advisory LLC acquired a new stake in White Mountains Insurance Group in the first quarter valued at approximately $33,000. Gables Capital Management Inc. acquired a new position in shares of White Mountains Insurance Group during the 2nd quarter worth approximately $31,000. Keating Financial Advisory Services Inc. acquired a new position in shares of White Mountains Insurance Group during the 2nd quarter worth approximately $44,000. Versant Capital Management Inc lifted its position in shares of White Mountains Insurance Group by 45.8% during the 3rd quarter. Versant Capital Management Inc now owns 35 shares of the insurance provider’s stock valued at $70,000 after buying an additional 11 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in White Mountains Insurance Group in the 2nd quarter valued at $83,000. Hedge funds and other institutional investors own 88.65% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on WTM. Wall Street Zen cut shares of White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. Weiss Ratings downgraded shares of White Mountains Insurance Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 25th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
White Mountains Insurance Group Stock Up 0.1%
Shares of NYSE:WTM opened at $2,062.40 on Friday. White Mountains Insurance Group, Ltd. has a 52-week low of $1,830.13 and a 52-week high of $2,333.00. The stock has a market cap of $4.93 billion, a P/E ratio of 4.69 and a beta of 0.28. The business has a fifty day moving average of $2,083.17 and a two-hundred day moving average of $2,126.45. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.15.
White Mountains Insurance Group Profile
White Mountains Insurance Group, Ltd. is a Bermuda-based holding company that owns and manages businesses in the insurance and related financial services industries. Rather than operating as a traditional single-line insurer, the company invests in a portfolio of specialty insurance, reinsurance, and financial services businesses.
White Mountains’ operations and investments have included property and casualty insurance and reinsurance businesses, specialty insurance providers, and businesses serving the municipal bond market.
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