The Manufacturers Life Insurance Company Buys Shares of 617 White Mountains Insurance Group, Ltd. $WTM

The Manufacturers Life Insurance Company bought a new position in White Mountains Insurance Group, Ltd. (NYSE:WTM) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 617 shares of the insurance provider’s stock, valued at approximately $1,279,000.

Other institutional investors have also modified their holdings of the company. River Road Asset Management LLC increased its position in White Mountains Insurance Group by 10.3% during the fourth 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 during the last quarter. BlackRock Inc. acquired a new position in White Mountains Insurance Group in the 2nd quarter valued at about $244,393,000. State Street Corp grew its stake in shares of White Mountains Insurance Group by 4.2% in the 2nd quarter. State Street Corp now owns 57,241 shares of the insurance provider’s stock valued at $102,789,000 after buying an additional 2,297 shares during the period. Reinhart Partners LLC. grew its stake in shares of White Mountains Insurance Group by 19.0% in the 2nd quarter. Reinhart Partners LLC. now owns 44,480 shares of the insurance provider’s stock valued at $92,265,000 after buying an additional 7,106 shares during the period. Finally, Gendell Jeffrey L acquired a new stake in shares of White Mountains Insurance Group during the 4th quarter worth approximately $67,578,000. Hedge funds and other institutional investors own 88.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen upgraded White Mountains Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings raised White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Finally, Zacks Research raised White Mountains Insurance Group to a “hold” rating in a research note on Wednesday, May 27th. One equities research 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, the stock presently has an average rating of “Moderate Buy”.

White Mountains Insurance Group Price Performance

Shares of WTM opened at $2,100.96 on Friday. The firm has a 50-day simple moving average of $2,142.10 and a two-hundred day simple moving average of $2,154.33. The stock has a market cap of $5.01 billion, a PE ratio of 4.78 and a beta of 0.30. White Mountains Insurance Group, Ltd. has a 1-year low of $1,648.00 and a 1-year high of $2,333.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.74 and a quick ratio of 0.74.

White Mountains Insurance Group Company Profile

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.