California Public Employees Retirement System Has $14.09 Million Position in White Mountains Insurance Group, Ltd. $WTM

California Public Employees Retirement System lessened its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTMFree Report) by 4.5% in the first quarter, HoldingsChannel.com reports. The firm owned 6,414 shares of the insurance provider’s stock after selling 302 shares during the quarter. California Public Employees Retirement System’s holdings in White Mountains Insurance Group were worth $14,091,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Gendell Jeffrey L bought a new stake in shares of White Mountains Insurance Group in the 4th quarter valued at $67,578,000. Norges Bank bought a new position in shares of White Mountains Insurance Group in the fourth quarter valued at $66,879,000. M&T Bank Corp bought a new stake in White Mountains Insurance Group during the fourth quarter worth $38,545,000. River Road Asset Management LLC grew its position in White Mountains Insurance Group by 10.3% in the 4th quarter. River Road Asset Management LLC now owns 120,880 shares of the insurance provider’s stock worth $251,192,000 after purchasing an additional 11,292 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of White Mountains Insurance Group by 109,257.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,655 shares of the insurance provider’s stock valued at $15,907,000 after acquiring an additional 7,648 shares during the period. Institutional investors and hedge funds own 88.65% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on WTM. Wall Street Zen upgraded White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings cut White Mountains Insurance Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Finally, Zacks Research upgraded White Mountains Insurance Group to a “hold” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

View Our Latest Stock Report on White Mountains Insurance Group

White Mountains Insurance Group Trading Up 1.5%

Shares of WTM opened at $2,209.32 on Friday. The company has a 50 day simple moving average of $2,101.82 and a two-hundred day simple moving average of $2,144.50. White Mountains Insurance Group, Ltd. has a 1 year low of $1,648.00 and a 1 year high of $2,333.00. The firm has a market cap of $5.48 billion, a P/E ratio of 5.43 and a beta of 0.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.79 and a quick ratio of 0.79.

White Mountains Insurance Group (NYSE:WTMGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The insurance provider reported ($12.59) earnings per share 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 firm had revenue of $517.80 million for the quarter, compared to analysts’ expectations of $515.40 million. On average, equities analysts expect that White Mountains Insurance Group, Ltd. will post 134 earnings per share for the current fiscal year.

About White Mountains Insurance Group

(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.

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

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