Federated Hermes Inc. Buys 61 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Posted by Defense World Staff on Aug 13th, 2023

Federated Hermes Inc. lifted its position in White Mountains Insurance Group, Ltd. (NYSE:WTM – Free Report) by 0.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,922 shares of the insurance provider’s stock after buying an additional 61 shares during the period. Federated Hermes Inc. owned approximately 0.35% of White Mountains Insurance Group worth $12,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its holdings in White Mountains Insurance Group by 42.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 32,167 shares of the insurance provider’s stock worth $44,310,000 after purchasing an additional 9,569 shares during the period. Autumn Glory Partners LLC lifted its position in shares of White Mountains Insurance Group by 2.5% during the 1st quarter. Autumn Glory Partners LLC now owns 2,040 shares of the insurance provider’s stock valued at $2,810,000 after buying an additional 50 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in White Mountains Insurance Group in the 1st quarter worth approximately $51,000. Sequoia Financial Advisors LLC bought a new stake in White Mountains Insurance Group during the 4th quarter worth approximately $277,000. Finally, Duality Advisers LP purchased a new position in White Mountains Insurance Group during the fourth quarter valued at approximately $1,042,000. Institutional investors own 85.97% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of White Mountains Insurance Group in a report on Thursday, May 18th. They issued a “hold” rating for the company.

Get Our Latest Analysis on White Mountains Insurance Group

White Mountains Insurance Group Stock Up 0.4 %

NYSE WTM opened at $1,567.87 on Friday. The stock has a market cap of $4.01 billion, a PE ratio of 3.92 and a beta of 0.42. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 0.14. White Mountains Insurance Group, Ltd. has a 12 month low of $1,172.00 and a 12 month high of $1,617.00. The stock’s 50 day moving average is $1,466.10 and its 200 day moving average is $1,438.95.

Insider Buying and Selling

In related news, Director Mountains Insurance Grou White purchased 5,916,816 shares of White Mountains Insurance Group stock in a transaction on Friday, June 30th. The shares were bought at an average cost of $10.00 per share, for a total transaction of $59,168,160.00. Following the acquisition, the director now owns 22,856,814 shares in the company, valued at approximately $228,568,140. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.57% of the stock is owned by company insiders.

About White Mountains Insurance Group

(Free Report)

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through five segments: HG Global/BAM, Ark, NSM, Kudu, and Other Operations. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services.