JPMorgan Chase & Co. Cuts Stock Holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM)

JPMorgan Chase & Co. cut its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 7.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,852 shares of the insurance provider’s stock after selling 232 shares during the period. JPMorgan Chase & Co. owned about 0.11% of White Mountains Insurance Group worth $4,838,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lord Abbett & CO. LLC lifted its stake in White Mountains Insurance Group by 7.9% in the third quarter. Lord Abbett & CO. LLC now owns 33,012 shares of the insurance provider’s stock worth $55,994,000 after acquiring an additional 2,430 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of White Mountains Insurance Group in the 3rd quarter valued at $1,606,000. Franklin Resources Inc. lifted its position in shares of White Mountains Insurance Group by 17.6% during the 3rd quarter. Franklin Resources Inc. now owns 354 shares of the insurance provider’s stock worth $654,000 after purchasing an additional 53 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of White Mountains Insurance Group by 14.9% during the third quarter. Sanctuary Advisors LLC now owns 855 shares of the insurance provider’s stock worth $1,450,000 after purchasing an additional 111 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of White Mountains Insurance Group by 14.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,080 shares of the insurance provider’s stock worth $1,832,000 after purchasing an additional 136 shares in the last quarter. 88.65% of the stock is owned by institutional investors and hedge funds.

White Mountains Insurance Group Stock Performance

Shares of White Mountains Insurance Group stock opened at $1,847.04 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.10. White Mountains Insurance Group, Ltd. has a 52 week low of $1,554.50 and a 52 week high of $2,023.00. The firm’s 50 day moving average is $1,933.95 and its two-hundred day moving average is $1,825.19. The firm has a market capitalization of $4.75 billion, a P/E ratio of 7.31 and a beta of 0.46.

White Mountains Insurance Group Company Profile

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.