The Manufacturers Life Insurance Company Buys New Position in White Mountains Insurance Group, Ltd. $WTM

The Manufacturers Life Insurance Company bought a new stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 617 shares of the insurance provider’s stock, valued at approximately $1,279,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Winmill & CO. Inc. acquired a new stake in shares of White Mountains Insurance Group during the second quarter worth about $9,952,000. Sanctuary Advisors LLC acquired a new position in shares of White Mountains Insurance Group in the second quarter valued at approximately $803,000. Bank of Nova Scotia acquired a new position in shares of White Mountains Insurance Group in the second quarter valued at approximately $328,000. Elevation Point Wealth Partners LLC purchased a new stake in White Mountains Insurance Group during the 2nd quarter worth approximately $610,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in White Mountains Insurance Group during the 2nd quarter worth approximately $83,000. 88.65% of the stock is currently owned by hedge funds and other institutional investors.

White Mountains Insurance Group Stock Performance

Shares of WTM opened at $2,100.96 on Friday. White Mountains Insurance Group, Ltd. has a 1 year low of $1,648.00 and a 1 year high of $2,333.00. The stock has a market capitalization of $5.01 billion, a PE ratio of 4.78 and a beta of 0.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a 50-day simple moving average of $2,142.10 and a 200-day simple moving average of $2,154.33.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WTM. Zacks Research upgraded shares of White Mountains Insurance Group to a “hold” rating in a report on Wednesday, May 27th. Weiss Ratings upgraded shares of White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen raised White Mountains Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.