Wellington Management Group LLP Sells 352 Shares of White Mountains Insurance Group, Ltd. $WTM

Wellington Management Group LLP lowered its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 2.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 14,532 shares of the insurance provider’s stock after selling 352 shares during the period. Wellington Management Group LLP’s holdings in White Mountains Insurance Group were worth $30,131,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in shares of White Mountains Insurance Group by 100.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 14 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 7 shares during the last quarter. Gables Capital Management Inc. bought a new position in shares of White Mountains Insurance Group during the 2nd quarter valued at approximately $31,000. Geneos Wealth Management Inc. raised its holdings in White Mountains Insurance Group by 325.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider’s stock valued at $33,000 after buying an additional 13 shares during the period. Global Assets Advisory LLC purchased a new stake in White Mountains Insurance Group during the 1st quarter valued at $33,000. Finally, Brown Brothers Harriman & Co. bought a new stake in White Mountains Insurance Group in the fourth quarter worth $39,000. 88.65% of the stock is currently owned by hedge funds and other institutional investors.

White Mountains Insurance Group Price Performance

WTM opened at $2,100.96 on Friday. The business has a fifty day moving average of $2,142.10 and a 200 day moving average of $2,154.33. White Mountains Insurance Group, Ltd. has a 52-week low of $1,648.00 and a 52-week high of $2,333.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.15. The stock has a market cap of $5.01 billion, a P/E ratio of 4.78 and a beta of 0.30.

Wall Street Analyst Weigh In

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

White Mountains Insurance Group 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.