Royce & Associates LP Has $2,114,000 Position in White Mountains Insurance Group, Ltd. (WTM)

Royce & Associates LP maintained its position in White Mountains Insurance Group, Ltd. (NYSE:WTM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,434 shares of the insurance provider’s stock at the end of the second quarter. Royce & Associates LP owned about 0.05% of White Mountains Insurance Group worth $2,114,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in WTM. BlackRock Inc. increased its stake in White Mountains Insurance Group by 9,312.9% during the 1st quarter. BlackRock Inc. now owns 187,505 shares of the insurance provider’s stock valued at $164,984,000 after purchasing an additional 185,513 shares in the last quarter. Fiduciary Management Inc. WI bought a new stake in White Mountains Insurance Group during the 1st quarter valued at $44,533,000. JPMorgan Chase & Co. increased its stake in White Mountains Insurance Group by 343.7% during the 1st quarter. JPMorgan Chase & Co. now owns 39,060 shares of the insurance provider’s stock valued at $34,368,000 after purchasing an additional 30,256 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in White Mountains Insurance Group during the 1st quarter valued at $14,894,000. Finally, First Trust Advisors LP increased its stake in White Mountains Insurance Group by 1,007.3% during the 1st quarter. First Trust Advisors LP now owns 15,979 shares of the insurance provider’s stock valued at $14,060,000 after purchasing an additional 14,536 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) opened at 874.66 on Wednesday. The firm’s 50-day moving average is $860.71 and its 200-day moving average is $873.35. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 37.71 and a beta of 0.52. White Mountains Insurance Group, Ltd. has a 52 week low of $806.66 and a 52 week high of $948.94.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings data on Friday, August 4th. The insurance provider reported $2.78 EPS for the quarter, beating the consensus estimate of $1.12 by $1.66. The business had revenue of $18.50 million during the quarter, compared to analyst estimates of $299.20 million. White Mountains Insurance Group had a return on equity of 1.01% and a net margin of 9.80%. Equities research analysts predict that White Mountains Insurance Group, Ltd. will post ($10.75) earnings per share for the current year.

White Mountains Insurance Group declared that its board has initiated a stock repurchase program on Thursday, August 17th that authorizes the company to repurchase 500,000 shares. This repurchase authorization authorizes the insurance provider to buy shares of its stock through a dutch auction. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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WTM has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of White Mountains Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 13th. ValuEngine upgraded shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is a holding company. The Company’s principal businesses are conducted through its insurance subsidiaries and other affiliates. Its segments include OneBeacon, HG Global/BAM and Other Operations. The OneBeacon segment consists of the operations of OneBeacon Insurance Group, Ltd.

Institutional Ownership by Quarter for White Mountains Insurance Group (NYSE:WTM)

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