Summit Trail Advisors LLC Acquires 72 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Summit Trail Advisors LLC grew its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 42.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 241 shares of the insurance provider’s stock after purchasing an additional 72 shares during the period. Summit Trail Advisors LLC’s holdings in White Mountains Insurance Group were worth $438,000 as of its most recent filing with the SEC.

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

White Mountains Insurance Group Trading Up 0.1 %

NYSE:WTM opened at $1,724.89 on Tuesday. White Mountains Insurance Group, Ltd. has a 52 week low of $1,401.01 and a 52 week high of $1,899.21. The firm has a 50-day moving average price of $1,751.82 and a two-hundred day moving average price of $1,761.04. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 7.80 and a beta of 0.44.

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

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.