Parkway Wealth Management Group LLC Makes New Investment in White Mountains Insurance Group, Ltd. $WTM

Parkway Wealth Management Group LLC purchased a new stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 282 shares of the insurance provider’s stock, valued at approximately $566,000.

Several other large investors also recently modified their holdings of WTM. Eagle Bay Advisors LLC lifted its holdings in White Mountains Insurance Group by 5.5% in the third quarter. Eagle Bay Advisors LLC now owns 115 shares of the insurance provider’s stock valued at $231,000 after acquiring an additional 6 shares during the period. Midwest Professional Planners LTD. grew its stake in shares of White Mountains Insurance Group by 1.8% during the 1st quarter. Midwest Professional Planners LTD. now owns 395 shares of the insurance provider’s stock valued at $868,000 after purchasing an additional 7 shares during the period. Legacy Wealth Asset Management LLC grew its stake in shares of White Mountains Insurance Group by 2.5% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 329 shares of the insurance provider’s stock valued at $682,000 after purchasing an additional 8 shares during the period. PNC Financial Services Group Inc. increased its position in shares of White Mountains Insurance Group by 1.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 546 shares of the insurance provider’s stock valued at $1,200,000 after purchasing an additional 10 shares during the last quarter. Finally, Kera Capital Partners Inc. increased its position in shares of White Mountains Insurance Group by 9.6% during the 1st quarter. Kera Capital Partners Inc. now owns 125 shares of the insurance provider’s stock valued at $275,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 88.65% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WTM. Weiss Ratings upgraded shares of White Mountains Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Wall Street Zen lowered shares of White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

White Mountains Insurance Group Stock Performance

NYSE:WTM opened at $2,168.10 on Tuesday. The stock has a 50-day simple moving average of $2,083.55 and a two-hundred day simple moving average of $2,123.24. White Mountains Insurance Group, Ltd. has a 52-week low of $1,863.59 and a 52-week high of $2,333.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $5.18 billion, a PE ratio of 4.93 and a beta of 0.28.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based holding company that owns and manages businesses in the property and casualty insurance, reinsurance, insurance services and asset management sectors. Rather than operating as a single traditional insurer, the company invests in and supports a portfolio of specialty businesses.

Its insurance-related operations have included specialty insurance and reinsurance platforms serving commercial and personal lines, program administrators, and municipal bond insurance.