Allspring Global Investments Holdings LLC Acquires 681 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Allspring Global Investments Holdings LLC lifted its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 3.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 23,236 shares of the insurance provider’s stock after purchasing an additional 681 shares during the period. Allspring Global Investments Holdings LLC’s holdings in White Mountains Insurance Group were worth $44,824,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors boosted its stake in White Mountains Insurance Group by 1.1% during the third quarter. Captrust Financial Advisors now owns 536 shares of the insurance provider’s stock worth $909,000 after acquiring an additional 6 shares in the last quarter. Glenmede Trust Co. NA grew its stake in shares of White Mountains Insurance Group by 1.9% in the third quarter. Glenmede Trust Co. NA now owns 384 shares of the insurance provider’s stock worth $651,000 after acquiring an additional 7 shares during the period. Versant Capital Management Inc grew its position in White Mountains Insurance Group by 90.0% in the 4th quarter. Versant Capital Management Inc now owns 19 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 9 shares during the period. Legacy Wealth Asset Management LLC grew its holdings in shares of White Mountains Insurance Group by 3.3% in the third quarter. Legacy Wealth Asset Management LLC now owns 317 shares of the insurance provider’s stock worth $538,000 after acquiring an additional 10 shares during the period. Finally, Parsons Capital Management Inc. RI increased its position in shares of White Mountains Insurance Group by 0.7% during the 4th quarter. Parsons Capital Management Inc. RI now owns 1,523 shares of the insurance provider’s stock valued at $2,962,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 88.65% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th.

White Mountains Insurance Group Stock Performance

Shares of WTM opened at $1,835.97 on Friday. The business has a 50-day simple moving average of $1,907.80 and a two-hundred day simple moving average of $1,848.47. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 7.27 and a beta of 0.45. 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 52 week low of $1,665.71 and a 52 week high of $2,023.00.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings data on Friday, February 7th. The insurance provider reported $12.44 EPS for the quarter. White Mountains Insurance Group had a net margin of 24.72% and a return on equity of 11.57%.

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.