New York State Teachers Retirement System purchased a new position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 141 shares of the insurance provider’s stock, valued at approximately $196,000.
Other large investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of White Mountains Insurance Group by 140.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 24 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 14 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of White Mountains Insurance Group in the 1st quarter valued at $51,000. Quantbot Technologies LP acquired a new position in shares of White Mountains Insurance Group in the 1st quarter valued at $70,000. Harbor Capital Advisors Inc. acquired a new position in shares of White Mountains Insurance Group in the 2nd quarter valued at $90,000. Finally, Tower Research Capital LLC TRC increased its position in shares of White Mountains Insurance Group by 73.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 78 shares of the insurance provider’s stock valued at $102,000 after acquiring an additional 33 shares during the period. 86.67% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on White Mountains Insurance Group in a research report on Thursday, October 5th. They issued a “hold” rating on the stock.
White Mountains Insurance Group Price Performance
Shares of WTM opened at $1,451.89 on Friday. The business’s 50-day moving average is $1,527.88 and its two-hundred day moving average is $1,476.59. The company has a market capitalization of $3.72 billion, a P/E ratio of 3.63 and a beta of 0.43. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.85 and a current ratio of 0.85. White Mountains Insurance Group, Ltd. has a fifty-two week low of $1,276.05 and a fifty-two week high of $1,617.00.
White Mountains Insurance Group (NYSE:WTM – Get Free Report) last announced its quarterly earnings results on Monday, August 7th. The insurance provider reported $4.13 earnings per share for the quarter. The company had revenue of $367.00 million for the quarter. White Mountains Insurance Group had a return on equity of 1.38% and a net margin of 65.14%.
About White Mountains Insurance Group
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.
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