Legal & General Group Plc Invests $4.68 Million in White Mountains Insurance Group, Ltd. $WTM

Legal & General Group Plc bought a new position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) during the 2nd quarter, Holdings Channel reports. The firm bought 2,257 shares of the insurance provider’s stock, valued at approximately $4,680,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WTM. Smartleaf Asset Management LLC grew its holdings in White Mountains Insurance Group by 100.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 14 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 7 shares during the last quarter. Gables Capital Management Inc. bought a new position in shares of White Mountains Insurance Group in the second quarter worth about $31,000. Global Assets Advisory LLC acquired a new position in shares of White Mountains Insurance Group during the first quarter worth approximately $33,000. Geneos Wealth Management Inc. grew its stake in shares of White Mountains Insurance Group by 325.0% during the first quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 13 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of White Mountains Insurance Group during the fourth quarter valued at approximately $39,000. 88.65% of the stock is currently owned by institutional investors and hedge funds.

White Mountains Insurance Group Price Performance

Shares of WTM stock opened at $2,114.30 on Friday. The firm’s 50 day moving average price is $2,141.82 and its two-hundred day moving average price is $2,154.70. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.74 and a current ratio of 0.74. White Mountains Insurance Group, Ltd. has a 52-week low of $1,648.00 and a 52-week high of $2,333.00. The stock has a market cap of $5.05 billion, a PE ratio of 4.81 and a beta of 0.30.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WTM shares. Zacks Research raised White Mountains Insurance Group to a “hold” rating in a research note on Wednesday, May 27th. Weiss Ratings upgraded White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Finally, Wall Street Zen raised White Mountains Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average 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.