Goldman Sachs Group Inc. increased its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 32.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,355 shares of the insurance provider’s stock after purchasing an additional 1,804 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.17% of White Mountains Insurance Group worth $6,388,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Public Employees Retirement Association of Colorado boosted its holdings in White Mountains Insurance Group by 2.2% during the second quarter. Public Employees Retirement Association of Colorado now owns 137 shares of the insurance provider’s stock worth $119,000 after purchasing an additional 3 shares during the last quarter. SG Americas Securities LLC boosted its holdings in White Mountains Insurance Group by 15.2% during the first quarter. SG Americas Securities LLC now owns 174 shares of the insurance provider’s stock worth $153,000 after purchasing an additional 23 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in White Mountains Insurance Group during the first quarter worth $153,000. TLP Group LLC acquired a new position in White Mountains Insurance Group during the second quarter worth $174,000. Finally, Airain ltd acquired a new position in White Mountains Insurance Group during the second quarter worth $220,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

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Shares of White Mountains Insurance Group, Ltd. (WTM) opened at 888.00 on Friday. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 38.28 and a beta of 0.53. The firm’s 50-day moving average is $863.27 and its 200 day moving average is $864.20. White Mountains Insurance Group, Ltd. has a 52-week low of $815.04 and a 52-week high of $948.94.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings data on Friday, August 4th. The insurance provider reported $2.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $1.66. The firm had revenue of $18.50 million for the quarter, compared to the consensus estimate of $299.20 million. White Mountains Insurance Group had a net margin of 9.80% and a return on equity of 1.01%. On average, equities research analysts anticipate that White Mountains Insurance Group, Ltd. will post ($11.35) earnings per share for the current year.

White Mountains Insurance Group declared that its board has initiated a share buyback program on Thursday, August 17th that permits the company to buyback 500,000 outstanding shares. This buyback authorization permits the insurance provider to repurchase shares of its stock through a dutch auction. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Several research analysts recently commented on the stock. Zacks Investment Research cut shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. ValuEngine raised shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday, September 1st.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a holding company. The Company’s principal businesses are conducted through its insurance subsidiaries and other affiliates. Its segments include OneBeacon, HG Global/BAM and Other Operations. The OneBeacon segment consists of the operations of OneBeacon Insurance Group, Ltd.

Institutional Ownership by Quarter for White Mountains Insurance Group (NYSE:WTM)

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