Fiduciary Management Inc. WI lifted its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 41.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,448 shares of the insurance provider’s stock after purchasing an additional 20,835 shares during the period. Fiduciary Management Inc. WI owned 1.58% of White Mountains Insurance Group worth $62,062,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in White Mountains Insurance Group during the first quarter worth approximately $114,000. Public Employees Retirement Association of Colorado grew its position 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 buying an additional 3 shares in the last quarter. SG Americas Securities LLC grew its position 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 buying an additional 23 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in White Mountains Insurance Group during the first quarter worth approximately $153,000. Finally, Airain ltd acquired a new stake in White Mountains Insurance Group during the second quarter worth approximately $220,000. Institutional investors own 88.06% of the company’s stock.

Shares of White Mountains Insurance Group, Ltd. (NYSE WTM) traded down 1.41% during midday trading on Friday, reaching $859.70. The company had a trading volume of 85,214 shares. White Mountains Insurance Group, Ltd. has a one year low of $813.20 and a one year high of $948.94. The firm has a market capitalization of $3.68 billion, a P/E ratio of 37.06 and a beta of 0.52. The company has a 50 day moving average price of $861.51 and a 200-day moving average price of $872.34.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings results on Friday, August 4th. The insurance provider reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $1.66. White Mountains Insurance Group had a net margin of 9.80% and a return on equity of 1.01%. The company had revenue of $18.50 million for the quarter, compared to analysts’ expectations of $299.20 million. On average, analysts anticipate that White Mountains Insurance Group, Ltd. will post ($10.75) EPS for the current fiscal year.

White Mountains Insurance Group announced that its Board of Directors has initiated a share repurchase plan on Thursday, August 17th that allows the company to buyback 500,000 outstanding shares. This buyback authorization allows the insurance provider to reacquire shares of its stock through a dutch auction. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

A number of equities research analysts recently issued reports on WTM shares. Zacks Investment Research raised White Mountains Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 13th. ValuEngine raised White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th.

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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.

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

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