Magnolia Capital Advisors LLC Buys Shares of 135 White Mountains Insurance Group, Ltd. (NYSE:WTM)

Magnolia Capital Advisors LLC bought a new stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 135 shares of the insurance provider’s stock, valued at approximately $245,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management bought a new stake in shares of White Mountains Insurance Group during the second quarter worth about $526,000. Harbor Capital Advisors Inc. grew its holdings in shares of 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 worth $2,166,000 after purchasing an additional 880 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of White Mountains Insurance Group by 16.0% during the first quarter. Lord Abbett & CO. LLC now owns 28,472 shares of the insurance provider’s stock worth $51,088,000 after purchasing an additional 3,934 shares during the last quarter. Fiduciary Management Inc. WI grew its holdings 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 worth $57,157,000 after purchasing an additional 1,123 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new stake in shares of White Mountains Insurance Group during the first quarter worth about $241,384,000. Institutional investors own 88.65% of the company’s stock.

White Mountains Insurance Group Stock Performance

Shares of WTM stock opened at $1,696.20 on Tuesday. The business’s 50 day simple moving average is $1,748.54 and its 200 day simple moving average is $1,760.05. White Mountains Insurance Group, Ltd. has a one year low of $1,401.01 and a one year high of $1,899.21. The stock has a market capitalization of $4.35 billion, a PE ratio of 7.67 and a beta of 0.44. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.83 and a quick ratio of 0.83.

White Mountains Insurance Group (NYSE:WTM) last announced its 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 company had revenue of $455.60 million during the quarter.

White Mountains Insurance Group 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.