Wallace Capital Management Inc. Acquires New Shares in White Mountains Insurance Group, Ltd. $WTM

Wallace Capital Management Inc. acquired a new position in White Mountains Insurance Group, Ltd. (NYSE:WTM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 80,067 shares of the insurance provider’s stock, valued at approximately $166,010,000. White Mountains Insurance Group makes up approximately 18.2% of Wallace Capital Management Inc.’s investment portfolio, making the stock its 2nd largest position. Wallace Capital Management Inc. owned approximately 3.35% of White Mountains Insurance Group at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Sei Investments Co. lifted its holdings in White Mountains Insurance Group by 40.2% in the 1st quarter. Sei Investments Co. now owns 11,098 shares of the insurance provider’s stock worth $24,382,000 after purchasing an additional 3,182 shares during the last quarter. Edgestream Partners L.P. grew its holdings in White Mountains Insurance Group by 491.7% during the first quarter. Edgestream Partners L.P. now owns 3,130 shares of the insurance provider’s stock valued at $6,876,000 after purchasing an additional 2,601 shares during the last quarter. Winmill & CO. Inc. acquired a new position in White Mountains Insurance Group during the second quarter valued at approximately $9,952,000. Amundi bought a new position in shares of White Mountains Insurance Group in the first quarter valued at approximately $1,351,000. Finally, Quantinno Capital Management LP raised its position in shares of White Mountains Insurance Group by 34.6% in the first quarter. Quantinno Capital Management LP now owns 9,784 shares of the insurance provider’s stock valued at $21,495,000 after purchasing an additional 2,513 shares during the period. 88.65% of the stock is owned by institutional investors and hedge funds.

White Mountains Insurance Group Price Performance

NYSE:WTM opened at $2,133.41 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.74 and a quick ratio of 0.74. White Mountains Insurance Group, Ltd. has a one year low of $1,648.00 and a one year high of $2,333.00. The company has a fifty day moving average price of $2,130.19 and a 200 day moving average price of $2,156.33. The stock has a market cap of $5.09 billion, a P/E ratio of 4.86 and a beta of 0.29.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on WTM shares. Zacks Research upgraded shares of White Mountains Insurance Group to a “hold” rating in a research note on Wednesday, May 27th. Wall Street Zen upgraded shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings upgraded shares of White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based diversified insurance and financial services holding company organized in 1985 and headquartered in Hamilton, Bermuda. The company operates through a portfolio of insurance, reinsurance and specialty finance businesses, offering a blend of underwriting expertise and investment management to institutional clients worldwide. As a publicly traded entity on the New York Stock Exchange (NYSE: WTM), White Mountains seeks to generate long-term shareholder value by combining disciplined capital management with strategic acquisitions and organic growth initiatives.

Through its principal operating subsidiaries—most notably Sirius International Insurance Group, Ltd.