Reinhart Partners LLC. Boosts Position in White Mountains Insurance Group, Ltd. $WTM

Reinhart Partners LLC. raised its position in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 19.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 44,480 shares of the insurance provider’s stock after purchasing an additional 7,106 shares during the period. White Mountains Insurance Group comprises approximately 2.1% of Reinhart Partners LLC.’s portfolio, making the stock its 25th biggest holding. Reinhart Partners LLC. owned 1.79% of White Mountains Insurance Group worth $92,265,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in WTM. Integrated Wealth Concepts LLC increased its holdings in White Mountains Insurance Group by 19.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 163 shares of the insurance provider’s stock valued at $314,000 after acquiring an additional 27 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of White Mountains Insurance Group by 17.2% in the first quarter. NewEdge Advisors LLC now owns 170 shares of the insurance provider’s stock valued at $327,000 after purchasing an additional 25 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of White Mountains Insurance Group by 54.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,259 shares of the insurance provider’s stock valued at $8,202,000 after purchasing an additional 1,504 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of White Mountains Insurance Group by 11.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,287 shares of the insurance provider’s stock valued at $21,737,000 after purchasing an additional 1,183 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of White Mountains Insurance Group by 101.4% during the 1st quarter. Jane Street Group LLC now owns 578 shares of the insurance provider’s stock worth $1,113,000 after purchasing an additional 291 shares during the last quarter. Hedge funds and other institutional investors own 88.65% of the company’s stock.

White Mountains Insurance Group Stock Performance

Shares of NYSE WTM opened at $2,152.55 on Friday. The company has a 50-day simple moving average of $2,104.95 and a 200-day simple moving average of $2,150.05. 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 company has a market cap of $5.34 billion, a PE ratio of 4.90 and a beta of 0.29. White Mountains Insurance Group, Ltd. has a 12 month low of $1,648.00 and a 12 month high of $2,333.00.

White Mountains Insurance Group (NYSE:WTM) last issued its quarterly earnings results on Wednesday, May 6th. The insurance provider reported ($12.59) earnings per share for the quarter, missing the consensus estimate of ($4.00) by ($8.59). The business 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 29.29% and a return on equity of 5.16%. On average, equities analysts anticipate that White Mountains Insurance Group, Ltd. will post 134 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WTM shares. Zacks Research raised White Mountains Insurance Group to a “hold” rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research report on Sunday, August 2nd. Finally, Weiss Ratings cut White Mountains Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 29th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

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.