Harbor Capital Advisors Inc. Buys 627 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Harbor Capital Advisors Inc. grew its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 25.8% in the first quarter, HoldingsChannel.com reports. The fund owned 3,058 shares of the insurance provider’s stock after acquiring an additional 627 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in White Mountains Insurance Group were worth $5,889,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of WTM. Barclays PLC lifted its position in shares of White Mountains Insurance Group by 101.9% during the 3rd quarter. Barclays PLC now owns 1,151 shares of the insurance provider’s stock valued at $1,953,000 after acquiring an additional 581 shares during the period. Stratos Wealth Partners LTD. bought a new stake in shares of White Mountains Insurance Group during the 4th quarter valued at $214,000. Choreo LLC lifted its position in shares of White Mountains Insurance Group by 15.8% during the 4th quarter. Choreo LLC now owns 176 shares of the insurance provider’s stock valued at $340,000 after acquiring an additional 24 shares during the period. Savant Capital LLC lifted its position in shares of White Mountains Insurance Group by 10.0% during the 4th quarter. Savant Capital LLC now owns 143 shares of the insurance provider’s stock valued at $278,000 after acquiring an additional 13 shares during the period. Finally, Equitable Trust Co. lifted its position in shares of White Mountains Insurance Group by 20.0% during the 4th quarter. Equitable Trust Co. now owns 481 shares of the insurance provider’s stock valued at $936,000 after acquiring an additional 80 shares during the period. 88.65% of the stock is currently owned by institutional investors.

White Mountains Insurance Group Price Performance

Shares of WTM stock opened at $1,787.43 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.10. White Mountains Insurance Group, Ltd. has a twelve month low of $1,666.22 and a twelve month high of $2,023.00. The company has a market cap of $4.60 billion, a P/E ratio of 19.86 and a beta of 0.36. The business has a fifty day simple moving average of $1,772.54 and a 200 day simple moving average of $1,858.05.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings data on Wednesday, May 7th. The insurance provider reported ($20.50) earnings per share for the quarter, missing the consensus estimate of ($14.00) by ($6.50). White Mountains Insurance Group had a return on equity of 10.56% and a net margin of 10.29%. The business had revenue of $472.20 million for the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th.

About White Mountains Insurance Group

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.