Envestnet Asset Management Inc. Acquires 1,013 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Envestnet Asset Management Inc. raised its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 7.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,269 shares of the insurance provider’s stock after acquiring an additional 1,013 shares during the quarter. Envestnet Asset Management Inc. owned about 0.60% of White Mountains Insurance Group worth $27,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. OFI Invest Asset Management bought a new position in White Mountains Insurance Group in the 2nd quarter worth about $526,000. Harbor Capital Advisors Inc. grew its stake in White Mountains Insurance Group by 282.1% during the second quarter. Harbor Capital Advisors Inc. now owns 1,192 shares of the insurance provider’s stock valued at $2,166,000 after acquiring an additional 880 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in White Mountains Insurance Group by 16.0% during the 1st quarter. Lord Abbett & CO. LLC now owns 28,472 shares of the insurance provider’s stock worth $51,088,000 after acquiring an additional 3,934 shares during the period. Fiduciary Management Inc. WI lifted its stake in White Mountains Insurance Group by 3.0% in the 4th quarter. Fiduciary Management Inc. WI now owns 37,978 shares of the insurance provider’s stock worth $57,157,000 after purchasing an additional 1,123 shares in the last quarter. Finally, Norges Bank bought a new position in White Mountains Insurance Group in the 4th quarter valued at $42,501,000. Hedge funds and other institutional investors own 88.65% of the company’s stock.

White Mountains Insurance Group Trading Up 0.1 %

White Mountains Insurance Group stock opened at $1,723.93 on Friday. The stock has a market cap of $4.42 billion, a P/E ratio of 7.80 and a beta of 0.44. White Mountains Insurance Group, Ltd. has a fifty-two week low of $1,401.01 and a fifty-two week high of $1,899.21. The firm’s fifty day moving average price is $1,751.88 and its 200-day moving average price is $1,761.48. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.83.

White Mountains Insurance Group (NYSE:WTM) last issued its quarterly earnings results on Wednesday, August 7th. The insurance provider reported ($2.74) earnings per share (EPS) for the quarter. The business had revenue of $455.60 million for the quarter. White Mountains Insurance Group had a net margin of 21.40% and a return on equity of 7.62%.

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.