Ritholtz Wealth Management Decreases Stock Holdings in White Mountains Insurance Group, Ltd. $WTM

Ritholtz Wealth Management trimmed its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 9.3% in the second quarter, HoldingsChannel.com reports. The fund owned 214 shares of the insurance provider’s stock after selling 22 shares during the period. Ritholtz Wealth Management’s holdings in White Mountains Insurance Group were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of WTM. GAMMA Investing LLC increased its position in shares of White Mountains Insurance Group by 43.4% during the first quarter. GAMMA Investing LLC now owns 76 shares of the insurance provider’s stock valued at $146,000 after acquiring an additional 23 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of White Mountains Insurance Group by 6.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 173 shares of the insurance provider’s stock valued at $333,000 after acquiring an additional 11 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of White Mountains Insurance Group by 15.7% during the first quarter. Janney Montgomery Scott LLC now owns 413 shares of the insurance provider’s stock valued at $795,000 after acquiring an additional 56 shares during the last quarter. Blue Trust Inc. increased its position in shares of White Mountains Insurance Group by 39.3% during the first quarter. Blue Trust Inc. now owns 85 shares of the insurance provider’s stock valued at $164,000 after acquiring an additional 24 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of White Mountains Insurance Group by 10.6% during the first quarter. Bessemer Group Inc. now owns 94 shares of the insurance provider’s stock valued at $181,000 after acquiring an additional 9 shares during the last quarter. 88.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

White Mountains Insurance Group Stock Performance

NYSE:WTM opened at $1,934.91 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The business has a fifty day simple moving average of $1,805.33 and a two-hundred day simple moving average of $1,786.63. White Mountains Insurance Group, Ltd. has a 1 year low of $1,648.00 and a 1 year high of $2,023.00. The company has a market capitalization of $4.99 billion, a P/E ratio of 24.23 and a beta of 0.31.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services.