Cooke & Bieler LP Raises Stock Position in White Mountains Insurance Group, Ltd. $WTM

Cooke & Bieler LP raised its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 40.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,781 shares of the insurance provider’s stock after purchasing an additional 22,129 shares during the quarter. White Mountains Insurance Group makes up about 1.4% of Cooke & Bieler LP’s holdings, making the stock its 28th biggest holding. Cooke & Bieler LP owned about 2.99% of White Mountains Insurance Group worth $137,877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fiduciary Management Inc. WI increased its position in shares of White Mountains Insurance Group by 46.2% during the first quarter. Fiduciary Management Inc. WI now owns 71,795 shares of the insurance provider’s stock valued at $138,264,000 after buying an additional 22,681 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in shares of White Mountains Insurance Group by 8.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 62,466 shares of the insurance provider’s stock worth $120,298,000 after acquiring an additional 4,711 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of White Mountains Insurance Group by 19.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 29,585 shares of the insurance provider’s stock worth $52,957,000 after acquiring an additional 4,728 shares during the period. Select Equity Group L.P. grew its holdings in shares of White Mountains Insurance Group by 1.4% during the 1st quarter. Select Equity Group L.P. now owns 27,999 shares of the insurance provider’s stock worth $53,921,000 after acquiring an additional 400 shares during the period. Finally, Mraz Amerine & Associates Inc. grew its holdings in shares of White Mountains Insurance Group by 2.6% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 21,576 shares of the insurance provider’s stock worth $38,745,000 after acquiring an additional 548 shares during the period. Hedge funds and other institutional investors own 88.65% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

White Mountains Insurance Group Price Performance

Shares of WTM opened at $1,910.43 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $4.92 billion, a PE ratio of 23.93 and a beta of 0.31. The firm’s 50-day simple moving average is $1,821.32 and its two-hundred day simple moving average is $1,797.82. White Mountains Insurance Group, Ltd. has a fifty-two week low of $1,648.00 and a fifty-two week high of $2,023.00.

White Mountains Insurance Group Profile

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. 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.