Corient Private Wealth LP Makes New $1.64 Million Investment in White Mountains Insurance Group, Ltd. $WTM

Corient Private Wealth LP acquired a new stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) in the second quarter, Holdings Channel reports. The fund acquired 792 shares of the insurance provider’s stock, valued at approximately $1,643,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Wealth LLC increased its position in shares of White Mountains Insurance Group by 4.3% in the fourth quarter. NewEdge Wealth LLC now owns 122 shares of the insurance provider’s stock worth $254,000 after acquiring an additional 5 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its position in shares of White Mountains Insurance Group by 10.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 55 shares of the insurance provider’s stock valued at $114,000 after acquiring an additional 5 shares in the last quarter. Wedbush Securities Inc. boosted its stake in White Mountains Insurance Group by 2.2% in the 4th quarter. Wedbush Securities Inc. now owns 229 shares of the insurance provider’s stock worth $476,000 after purchasing an additional 5 shares during the period. Clearstead Advisors LLC boosted its stake in White Mountains Insurance Group by 19.4% in the 4th quarter. Clearstead Advisors LLC now owns 37 shares of the insurance provider’s stock worth $77,000 after purchasing an additional 6 shares during the period. Finally, Bank of Nova Scotia grew its position in White Mountains Insurance Group by 3.1% during the 3rd quarter. Bank of Nova Scotia now owns 202 shares of the insurance provider’s stock worth $338,000 after purchasing an additional 6 shares in the last quarter. 88.65% of the stock is currently owned by institutional investors and hedge funds.

White Mountains Insurance Group Price Performance

NYSE WTM opened at $2,114.30 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 4.81 and a beta of 0.30. The company has a 50 day simple moving average of $2,141.82 and a 200-day simple moving average of $2,154.70. White Mountains Insurance Group, Ltd. has a 52-week low of $1,648.00 and a 52-week high of $2,333.00.

Analysts Set New Price Targets

Several analysts have issued reports on WTM shares. Zacks Research raised shares of White Mountains Insurance Group to a “hold” rating in a research note on Wednesday, May 27th. Weiss Ratings raised 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 upgraded 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’s stock. According to MarketBeat, the stock currently has an average 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.