First Mercantile Trust Co. Sells 22 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

First Mercantile Trust Co. lowered its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 10.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 184 shares of the insurance provider’s stock after selling 22 shares during the quarter. First Mercantile Trust Co.’s holdings in White Mountains Insurance Group were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of White Mountains Insurance Group by 178.0% in the second quarter. American Century Companies Inc. now owns 3,303 shares of the insurance provider’s stock worth $3,792,000 after buying an additional 2,115 shares during the period. Teacher Retirement System of Texas raised its stake in shares of White Mountains Insurance Group by 17.1% in the second quarter. Teacher Retirement System of Texas now owns 410 shares of the insurance provider’s stock worth $471,000 after buying an additional 60 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of White Mountains Insurance Group by 3.8% in the second quarter. Envestnet Asset Management Inc. now owns 7,265 shares of the insurance provider’s stock worth $8,341,000 after buying an additional 264 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in White Mountains Insurance Group during the 2nd quarter valued at approximately $1,033,000. Finally, Adams Wealth Management raised its stake in White Mountains Insurance Group by 4.5% during the 2nd quarter. Adams Wealth Management now owns 299 shares of the insurance provider’s stock valued at $343,000 after purchasing an additional 13 shares during the period. 88.94% of the stock is currently owned by hedge funds and other institutional investors.

Separately, TheStreet downgraded White Mountains Insurance Group from a “b” rating to a “c+” rating in a research note on Wednesday, June 2nd.

Shares of WTM opened at $1,072.25 on Wednesday. The business’s 50 day moving average is $1,123.75 and its 200 day moving average is $1,151.60. The company has a market capitalization of $3.33 billion, a PE ratio of 4.24 and a beta of 0.50. White Mountains Insurance Group, Ltd. has a 12-month low of $752.10 and a 12-month high of $1,267.52. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10.

About White Mountains Insurance Group

White Mountains Insurance Group Ltd. engages in the acquisition of businesses and assets in the insurance, financial services and related sectors. It operates through the following segments: HG Global/BAM, NSM, Kudu, and Other Operations. The HG Global/BAM segment refers to the White Mountains’s investment in HG Global Limited, and the consolidated results of Build America Mutual Assurance Company (BAM).

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

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