Virtu Financial LLC Buys New Position in White Mountains Insurance Group Ltd (WTM)

Virtu Financial LLC bought a new stake in White Mountains Insurance Group Ltd (NYSE:WTM) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 685 shares of the insurance provider’s stock, valued at approximately $641,000.

A number of other hedge funds also recently modified their holdings of WTM. Columbia Asset Management acquired a new position in shares of White Mountains Insurance Group during the third quarter worth approximately $172,000. Panagora Asset Management Inc. boosted its position in shares of White Mountains Insurance Group by 6,166.7% during the third quarter. Panagora Asset Management Inc. now owns 188 shares of the insurance provider’s stock worth $176,000 after buying an additional 185 shares during the period. Commonwealth Equity Services LLC acquired a new position in shares of White Mountains Insurance Group during the second quarter worth approximately $207,000. Signaturefd LLC boosted its position in shares of White Mountains Insurance Group by 77.8% during the second quarter. Signaturefd LLC now owns 240 shares of the insurance provider’s stock worth $218,000 after buying an additional 105 shares during the period. Finally, Country Club Trust Company n.a. acquired a new position in shares of White Mountains Insurance Group during the second quarter worth approximately $220,000. Institutional investors own 86.42% of the company’s stock.

WTM has been the subject of several analyst reports. Zacks Investment Research downgraded White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. ValuEngine upgraded White Mountains Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th.

WTM opened at $924.38 on Friday. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 962.50 and a beta of 0.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.87 and a quick ratio of 1.87. White Mountains Insurance Group Ltd has a 1-year low of $786.23 and a 1-year high of $980.89.

White Mountains Insurance Group (NYSE:WTM) last released its earnings results on Monday, November 5th. The insurance provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($1.32). The firm had revenue of $20.40 million during the quarter. White Mountains Insurance Group had a return on equity of 0.06% and a net margin of 3.94%.

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About White Mountains Insurance Group

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and reinsurance services in the United States. The company operates through HG Global/BAM, MediaAlpha, and Other segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, core governmental functions, and existing transportation facilities.

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

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