Envestnet Asset Management Inc. Grows Holdings in White Mountains Insurance Group, Ltd. $WTM

Envestnet Asset Management Inc. raised its position in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,511 shares of the insurance provider’s stock after purchasing an additional 242 shares during the period. Envestnet Asset Management Inc. owned about 0.68% of White Mountains Insurance Group worth $31,445,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WTM. Wealth Enhancement Advisory Services LLC lifted its holdings in White Mountains Insurance Group by 6.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 173 shares of the insurance provider’s stock valued at $333,000 after purchasing an additional 11 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of White Mountains Insurance Group by 87.5% during the 1st quarter. Private Trust Co. NA now owns 15 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 7 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of White Mountains Insurance Group by 36.1% during the 1st quarter. First Horizon Advisors Inc. now owns 49 shares of the insurance provider’s stock worth $94,000 after acquiring an additional 13 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of White Mountains Insurance Group during the 1st quarter worth about $233,000. Finally, Cerity Partners LLC lifted its holdings in shares of White Mountains Insurance Group by 2.6% during the 1st quarter. Cerity Partners LLC now owns 1,896 shares of the insurance provider’s stock worth $3,651,000 after acquiring an additional 48 shares during the period. 88.65% of the stock is currently owned by hedge funds and other institutional investors.

White Mountains Insurance Group Stock Up 0.2%

WTM opened at $1,910.43 on Monday. The firm has a 50 day moving average price of $1,821.32 and a 200 day moving average price of $1,798.45. The company has a market cap of $4.92 billion, a PE ratio of 23.93 and a beta of 0.31. White Mountains Insurance Group, Ltd. has a 1 year low of $1,648.00 and a 1 year high of $2,023.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81.

Wall Street Analyst Weigh In

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

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.