Select Equity Group L.P. Acquires 9,430 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Select Equity Group L.P. lifted its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 18.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,361 shares of the insurance provider’s stock after purchasing an additional 9,430 shares during the period. Select Equity Group L.P. owned 2.31% of White Mountains Insurance Group worth $107,886,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Global Assets Advisory LLC acquired a new position in White Mountains Insurance Group in the first quarter valued at about $241,384,000. Norges Bank acquired a new stake in shares of White Mountains Insurance Group in the 4th quarter valued at approximately $42,501,000. Elkhorn Partners Limited Partnership boosted its stake in White Mountains Insurance Group by 32.4% during the 1st quarter. Elkhorn Partners Limited Partnership now owns 23,600 shares of the insurance provider’s stock worth $42,345,000 after acquiring an additional 5,781 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in White Mountains Insurance Group by 16.0% during the 1st quarter. Lord Abbett & CO. LLC now owns 28,472 shares of the insurance provider’s stock worth $51,088,000 after acquiring an additional 3,934 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in White Mountains Insurance Group during the second quarter valued at approximately $5,967,000. 88.65% of the stock is owned by institutional investors and hedge funds.

White Mountains Insurance Group Stock Up 0.0 %

Shares of NYSE:WTM opened at $1,705.07 on Friday. The company has a 50 day moving average price of $1,749.83 and a two-hundred day moving average price of $1,760.19. The company has a market capitalization of $4.38 billion, a PE ratio of 7.71 and a beta of 0.44. White Mountains Insurance Group, Ltd. has a 52 week low of $1,401.01 and a 52 week high of $1,899.21. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.83.

White Mountains Insurance Group (NYSE:WTM) last issued its quarterly earnings data on Wednesday, August 7th. The insurance provider reported ($2.74) EPS for the quarter. The business had revenue of $455.60 million for the quarter. White Mountains Insurance Group had a return on equity of 7.62% and a net margin of 21.40%.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services.