WCM Investment Management LLC Has $13.15 Million Stake in White Mountains Insurance Group, Ltd. $WTM

WCM Investment Management LLC trimmed its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 43.9% in the first quarter, HoldingsChannel reports. The firm owned 5,995 shares of the insurance provider’s stock after selling 4,687 shares during the period. WCM Investment Management LLC’s holdings in White Mountains Insurance Group were worth $13,152,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WTM. JPMorgan Chase & Co. raised its position in shares of White Mountains Insurance Group by 86.1% during the third quarter. JPMorgan Chase & Co. now owns 4,322 shares of the insurance provider’s stock worth $7,224,000 after acquiring an additional 1,999 shares during the last quarter. Triad Investment Management bought a new stake in shares of White Mountains Insurance Group in the 4th quarter valued at about $5,294,000. Lecap Asset Management Ltd. bought a new stake in White Mountains Insurance Group in the fourth quarter valued at approximately $707,000. M&T Bank Corp bought a new stake in shares of White Mountains Insurance Group in the 4th quarter valued at $38,545,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of White Mountains Insurance Group by 260.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 913 shares of the insurance provider’s stock worth $1,897,000 after purchasing an additional 660 shares during the period. 88.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WTM shares. Wall Street Zen lowered shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings cut White Mountains Insurance Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Finally, Zacks Research upgraded shares of White Mountains Insurance Group to a “hold” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, White Mountains Insurance Group presently has a consensus rating of “Moderate Buy”.

White Mountains Insurance Group Stock Performance

NYSE:WTM opened at $2,213.60 on Tuesday. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 5.44 and a beta of 0.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 0.79. White Mountains Insurance Group, Ltd. has a fifty-two week low of $1,648.00 and a fifty-two week high of $2,333.00. The stock has a fifty day moving average price of $2,096.43 and a 200-day moving average price of $2,141.58.

White Mountains Insurance Group (NYSE:WTM) last issued its earnings results on Wednesday, May 6th. The insurance provider reported ($12.59) EPS for the quarter, missing the consensus estimate of ($4.00) by ($8.59). The firm had revenue of $517.80 million during the quarter, compared to analyst estimates of $515.40 million. White Mountains Insurance Group had a net margin of 28.44% and a return on equity of 9.19%. As a group, equities analysts anticipate that White Mountains Insurance Group, Ltd. will post 134 EPS for the current fiscal year.

About White Mountains Insurance Group

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.