Summit Wealth Group LLC Co. Makes New Investment in White Mountains Insurance Group, Ltd. $WTM

Summit Wealth Group LLC Co. purchased a new position in White Mountains Insurance Group, Ltd. (NYSE:WTM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 282 shares of the insurance provider’s stock, valued at approximately $566,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of White Mountains Insurance Group in the 2nd quarter valued at approximately $244,393,000. Cooke & Bieler LP lifted its holdings in White Mountains Insurance Group by 2.4% during the 3rd quarter. Cooke & Bieler LP now owns 87,203 shares of the insurance provider’s stock valued at $174,972,000 after buying an additional 2,083 shares in the last quarter. Wallace Capital Management Inc. purchased a new position in shares of White Mountains Insurance Group during the second quarter worth approximately $166,010,000. Reinhart Partners LLC. increased its position in shares of White Mountains Insurance Group by 19.0% during the second quarter. Reinhart Partners LLC. now owns 44,480 shares of the insurance provider’s stock worth $92,265,000 after acquiring an additional 7,106 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of White Mountains Insurance Group during the second quarter worth approximately $51,893,000. 88.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on WTM shares. Weiss Ratings upgraded White Mountains Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Wall Street Zen downgraded White Mountains Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

White Mountains Insurance Group Trading Down 1.4%

NYSE:WTM opened at $2,285.22 on Wednesday. White Mountains Insurance Group, Ltd. has a one year low of $1,870.00 and a one year high of $2,349.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market cap of $5.46 billion, a P/E ratio of 5.20 and a beta of 0.28. The firm has a 50-day simple moving average of $2,110.01 and a 200-day simple moving average of $2,138.38.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is a Bermuda-based holding company that owns and manages businesses in the property and casualty insurance, reinsurance, insurance services and asset management sectors. Rather than operating as a single traditional insurer, the company invests in and supports a portfolio of specialty businesses.

Its insurance-related operations have included specialty insurance and reinsurance platforms serving commercial and personal lines, program administrators, and municipal bond insurance.