282 Shares of White Mountains Insurance Group, Ltd. $WTM Acquired by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. acquired a new position in White Mountains Insurance Group, Ltd. (NYSE:WTM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 282 shares of the insurance provider’s stock, valued at approximately $566,000.

Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE bought a new stake in White Mountains Insurance Group during the 2nd quarter worth approximately $51,893,000. Allianz Asset Management GmbH purchased a new position in White Mountains Insurance Group during the second quarter valued at approximately $1,750,000. Public Employees Retirement System of Ohio bought a new position in shares of White Mountains Insurance Group in the second quarter worth approximately $1,495,000. The Manufacturers Life Insurance Company bought a new position in shares of White Mountains Insurance Group in the second quarter worth approximately $1,279,000. Finally, Legal & General Group Plc bought a new position in shares of White Mountains Insurance Group in the second quarter worth approximately $4,680,000. 88.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on WTM. Weiss Ratings upgraded shares of White Mountains Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. 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. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

White Mountains Insurance Group Stock Performance

NYSE:WTM opened at $2,285.22 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.15. White Mountains Insurance Group, Ltd. has a 12-month low of $1,870.00 and a 12-month high of $2,349.36. The stock has a 50-day moving average price of $2,110.01 and a 200 day moving average price of $2,138.38. The stock has a market capitalization of $5.46 billion, a P/E ratio of 5.20 and a beta of 0.28.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is a Bermuda-based holding company that owns and manages businesses in the property and casualty insurance, reinsurance, insurance services and asset management sectors. Rather than operating as a single traditional insurer, the company invests in and supports a portfolio of specialty businesses.

Its insurance-related operations have included specialty insurance and reinsurance platforms serving commercial and personal lines, program administrators, and municipal bond insurance.