Renaissance Technologies LLC Buys 1,110 Shares of White Mountains Insurance Group, Ltd. $WTM

Renaissance Technologies LLC raised its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTMFree Report) by 74.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,611 shares of the insurance provider’s stock after purchasing an additional 1,110 shares during the period. Renaissance Technologies LLC’s holdings in White Mountains Insurance Group were worth $5,736,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WTM. NewEdge Wealth LLC boosted its holdings in shares of White Mountains Insurance Group by 4.3% during the 4th quarter. NewEdge Wealth LLC now owns 122 shares of the insurance provider’s stock worth $254,000 after buying an additional 5 shares during the period. Federation des caisses Desjardins du Quebec raised its holdings in White Mountains Insurance Group by 10.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 55 shares of the insurance provider’s stock worth $114,000 after acquiring an additional 5 shares during the period. Wedbush Securities Inc. lifted its position in White Mountains Insurance Group by 2.2% during the 4th quarter. Wedbush Securities Inc. now owns 229 shares of the insurance provider’s stock worth $476,000 after acquiring an additional 5 shares during the last quarter. Clearstead Advisors LLC lifted its position in White Mountains Insurance Group by 19.4% during the 4th quarter. Clearstead Advisors LLC now owns 37 shares of the insurance provider’s stock worth $77,000 after acquiring an additional 6 shares during the last quarter. Finally, Bank of Nova Scotia boosted its holdings in White Mountains Insurance Group by 3.1% during the third quarter. Bank of Nova Scotia now owns 202 shares of the insurance provider’s stock valued at $338,000 after acquiring an additional 6 shares during the period. 88.65% of the stock is currently owned by institutional investors and hedge funds.

White Mountains Insurance Group Stock Performance

NYSE WTM opened at $2,114.03 on Thursday. The company’s fifty day moving average is $2,102.07 and its two-hundred day moving average is $2,149.48. White Mountains Insurance Group, Ltd. has a 52-week low of $1,648.00 and a 52-week high of $2,333.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 5.20 and a beta of 0.29.

White Mountains Insurance Group (NYSE:WTMGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The insurance provider reported ($12.59) EPS for the quarter, missing analysts’ consensus estimates of ($4.00) by ($8.59). White Mountains Insurance Group had a net margin of 28.44% and a return on equity of 9.19%. The company had revenue of $517.80 million for the quarter, compared to analyst estimates of $515.40 million. Equities research analysts forecast that White Mountains Insurance Group, Ltd. will post 134 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Weiss Ratings downgraded White Mountains Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. Wall Street Zen downgraded White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Sunday. Finally, Zacks Research raised White Mountains Insurance Group to a “hold” rating in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, White Mountains Insurance Group has an average rating of “Hold”.

Read Our Latest Research Report on White Mountains Insurance Group

White Mountains Insurance Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for White Mountains Insurance Group (NYSE:WTM)

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