117,871 Shares in White Mountains Insurance Group, Ltd. $WTM Bought by BlackRock Inc.

BlackRock Inc. purchased a new stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) during the second quarter, HoldingsChannel.com reports. The fund purchased 117,871 shares of the insurance provider’s stock, valued at approximately $244,393,000.

Several other hedge funds have also bought and sold shares of the stock. NewEdge Wealth LLC boosted its stake in White Mountains Insurance Group by 4.3% during the fourth quarter. NewEdge Wealth LLC now owns 122 shares of the insurance provider’s stock valued at $254,000 after buying an additional 5 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its position in White Mountains Insurance Group by 10.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 55 shares of the insurance provider’s stock worth $114,000 after purchasing an additional 5 shares during the last quarter. Wedbush Securities Inc. raised its stake in White Mountains Insurance Group by 2.2% during the fourth quarter. Wedbush Securities Inc. now owns 229 shares of the insurance provider’s stock valued at $476,000 after purchasing an additional 5 shares in the last quarter. Clearstead Advisors LLC lifted its position in White Mountains Insurance Group by 19.4% during the fourth quarter. Clearstead Advisors LLC now owns 37 shares of the insurance provider’s stock valued at $77,000 after purchasing an additional 6 shares during the last quarter. Finally, Bank of Nova Scotia grew its stake in shares of White Mountains Insurance Group by 3.1% in the 3rd quarter. Bank of Nova Scotia now owns 202 shares of the insurance provider’s stock worth $338,000 after buying an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 88.65% of the company’s stock.

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 report 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 research note on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

White Mountains Insurance Group Trading Down 0.4%

NYSE:WTM opened at $2,133.41 on Thursday. The firm has a 50-day simple moving average of $2,130.19 and a 200-day simple moving average of $2,156.33. White Mountains Insurance Group, Ltd. has a one year low of $1,648.00 and a one year high of $2,333.00. The firm has a market cap of $5.09 billion, a P/E ratio of 4.86 and a beta of 0.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.74 and a current ratio of 0.74.

About White Mountains Insurance Group

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.