Envestnet Portfolio Solutions Inc. Boosts Stake in White Mountains Insurance Group, Ltd. $WTM

Envestnet Portfolio Solutions Inc. grew its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 13.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 327 shares of the insurance provider’s stock after acquiring an additional 40 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in White Mountains Insurance Group were worth $587,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WTM. GAMMA Investing LLC grew its holdings in shares of White Mountains Insurance Group by 43.4% during the 1st quarter. GAMMA Investing LLC now owns 76 shares of the insurance provider’s stock worth $146,000 after acquiring an additional 23 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of White Mountains Insurance Group by 6.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 173 shares of the insurance provider’s stock worth $333,000 after acquiring an additional 11 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of White Mountains Insurance Group by 15.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 413 shares of the insurance provider’s stock worth $795,000 after acquiring an additional 56 shares during the period. Blue Trust Inc. grew its stake in shares of White Mountains Insurance Group by 39.3% in the 1st quarter. Blue Trust Inc. now owns 85 shares of the insurance provider’s stock worth $164,000 after buying an additional 24 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of White Mountains Insurance Group by 10.6% in the 1st quarter. Bessemer Group Inc. now owns 94 shares of the insurance provider’s stock worth $181,000 after buying an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 88.65% of the company’s stock.

White Mountains Insurance Group Stock Performance

Shares of WTM opened at $1,920.57 on Wednesday. The business’s fifty day simple moving average is $1,807.23 and its two-hundred day simple moving average is $1,787.56. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. White Mountains Insurance Group, Ltd. has a 12 month low of $1,648.00 and a 12 month high of $2,023.00. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 24.06 and a beta of 0.31.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, White Mountains Insurance Group currently has an average rating of “Buy”.

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.