DAVENPORT & Co LLC Has $4.19 Million Stake in White Mountains Insurance Group, Ltd. (NYSE:WTM)

DAVENPORT & Co LLC reduced its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 1.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,173 shares of the insurance provider’s stock after selling 25 shares during the quarter. DAVENPORT & Co LLC’s holdings in White Mountains Insurance Group were worth $4,185,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in WTM. Bank of New York Mellon Corp raised its holdings in White Mountains Insurance Group by 15.9% in the 4th quarter. Bank of New York Mellon Corp now owns 12,600 shares of the insurance provider’s stock valued at $24,507,000 after acquiring an additional 1,728 shares in the last quarter. US Bancorp DE increased its position in shares of White Mountains Insurance Group by 9.3% in the fourth quarter. US Bancorp DE now owns 165 shares of the insurance provider’s stock worth $321,000 after purchasing an additional 14 shares during the period. Steward Partners Investment Advisory LLC raised its stake in White Mountains Insurance Group by 32.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 99 shares of the insurance provider’s stock valued at $193,000 after purchasing an additional 24 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in White Mountains Insurance Group by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,363 shares of the insurance provider’s stock valued at $49,333,000 after purchasing an additional 143 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in White Mountains Insurance Group by 81.8% during the fourth quarter. Victory Capital Management Inc. now owns 11,548 shares of the insurance provider’s stock worth $22,462,000 after purchasing an additional 5,195 shares during the period. 88.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

White Mountains Insurance Group Stock Performance

NYSE WTM opened at $1,785.30 on Friday. The firm’s 50 day simple moving average is $1,783.30 and its 200 day simple moving average is $1,833.85. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 164.54 and a beta of 0.36. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. White Mountains Insurance Group, Ltd. has a 1 year low of $1,666.22 and a 1 year high of $2,023.00.

White Mountains Insurance Group (NYSE:WTM) last issued its earnings results on Wednesday, May 7th. The insurance provider reported ($20.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($14.00) by ($6.50). White Mountains Insurance Group had a net margin of 1.29% and a return on equity of 5.01%. The business had revenue of $472.20 million during the quarter.

White Mountains Insurance Group 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.