Wallace Capital Management Inc. Invests $166.01 Million in White Mountains Insurance Group, Ltd. $WTM

Wallace Capital Management Inc. acquired a new stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 80,067 shares of the insurance provider’s stock, valued at approximately $166,010,000. White Mountains Insurance Group accounts for 18.2% of Wallace Capital Management Inc.’s investment portfolio, making the stock its 2nd largest position.

A number of other large investors have also modified their holdings of WTM. BlackRock Inc. bought a new position in White Mountains Insurance Group in the second quarter worth $244,393,000. Gendell Jeffrey L bought a new stake in White Mountains Insurance Group in the 4th quarter valued at $67,578,000. Norges Bank bought a new stake in White Mountains Insurance Group in the 4th quarter valued at $66,879,000. River Road Asset Management LLC raised its stake in shares of White Mountains Insurance Group by 10.3% in the 4th quarter. River Road Asset Management LLC now owns 120,880 shares of the insurance provider’s stock valued at $251,192,000 after buying an additional 11,292 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of White Mountains Insurance Group in the 2nd quarter valued at $17,440,000. 88.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Zacks Research upgraded shares of White Mountains Insurance Group to a “hold” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings upgraded White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. One investment 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 company currently has an average rating of “Moderate Buy”.

White Mountains Insurance Group Stock Performance

WTM stock opened at $2,133.41 on Thursday. The company has a 50 day moving average price of $2,130.19 and a 200 day moving average price of $2,156.33. White Mountains Insurance Group, Ltd. has a fifty-two week low of $1,648.00 and a fifty-two week high of $2,333.00. 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 stock has a market capitalization of $5.09 billion, a PE ratio of 4.86 and a beta of 0.29.

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.