Raymond James Financial Inc. Sells 748 Shares of White Mountains Insurance Group, Ltd. $WTM

Raymond James Financial Inc. lessened its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 2.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,724 shares of the insurance provider’s stock after selling 748 shares during the period. Raymond James Financial Inc.’s holdings in White Mountains Insurance Group were worth $61,094,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in White Mountains Insurance Group by 30.9% in the 1st quarter. American Century Companies Inc. now owns 7,036 shares of the insurance provider’s stock worth $13,550,000 after purchasing an additional 1,661 shares in the last quarter. Ethic Inc. boosted its stake in White Mountains Insurance Group by 9.6% in the 1st quarter. Ethic Inc. now owns 591 shares of the insurance provider’s stock worth $1,124,000 after purchasing an additional 52 shares in the last quarter. Nuveen LLC bought a new position in White Mountains Insurance Group in the 1st quarter worth about $14,964,000. Townsquare Capital LLC boosted its stake in White Mountains Insurance Group by 3.5% in the 1st quarter. Townsquare Capital LLC now owns 357 shares of the insurance provider’s stock worth $688,000 after purchasing an additional 12 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in White Mountains Insurance Group by 8.1% in the 1st quarter. Chicago Partners Investment Group LLC now owns 491 shares of the insurance provider’s stock worth $877,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 88.65% of the company’s stock.

Analyst Upgrades and Downgrades

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

White Mountains Insurance Group Price Performance

WTM opened at $1,834.75 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $4.73 billion, a P/E ratio of 22.98 and a beta of 0.37. The company’s 50-day simple moving average is $1,786.58 and its two-hundred day simple moving average is $1,808.39. White Mountains Insurance Group, Ltd. has a 52-week low of $1,678.87 and a 52-week high of $2,023.00.

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.