Wallace Capital Management Inc. reduces stake in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Wallace Capital Management Inc. lessened its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM – Free Report) by 0.9% during the second quarter, HoldingsChannel.com reports. The firm owned 81,304 shares of the insurance provider’s stock after selling 773 shares during the period. White Mountains Insurance Group makes up 18.9% of Wallace Capital Management Inc.’s investment portfolio, making the stock its largest position. Wallace Capital Management Inc. holdings holdings in White Mountains Insurance Group were worth $147,765,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC bought a new stake in White Mountains Insurance Group in the first quarter valued at $241,384,000. Select Equity Group LP boosted its holdings in shares of White Mountains Insurance Group by 18.9% during the second quarter. Select Equity Group LP now owns 59,361 shares of the insurance provider’s stock valued at $107,886,000 after purchasing an additional 9,430 shares during the period. Elkhorn Partners Limited Partnership boosted its holdings in shares of White Mountains Insurance Group by 32.4% in the first quarter. Elkhorn Partners Limited Partnership now owns 23,600 shares of the insurance provider’s stock valued at $42,345,000 after purchasing an additional 5,781 shares during the period. Lord Abbett & CO. LLC boosted its holdings in shares of White Mountains Insurance Group by 16.0% in the first quarter. Lord Abbett & CO. LLC now owns 28,472 shares of the insurance provider’s stock valued at $51,088,000 after buying an additional 3,934 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new position in shares of White Mountains Insurance Group in the second quarter valued at $5,967,000. 88.65% of shares are currently owned by institutional investors.

White Mountains Insurance group pricing performance

Shares of WTM stock opened at $1,701.00 on Monday. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 7.70 and a beta of 0.44. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83, and a current ratio of 0.83. White Mountains Insurance Group, Ltd. has a one year low of $1,401.01 and a one year high of $1,899.21. The stock’s fifty-day moving average is $1,749.35 and its 200-day moving average is $1,760.28.

White Mountains Insurance Group (NYSE:WTM – Get Free Report ) last posted its earnings results on Wednesday, August 7th. The insurance provider reported ($2.74) earnings per share (EPS) for the quarter. The firm had revenue of $455.60 million for the quarter. White Mountains Insurance Group had a return on equity of 7.62% and a net margin of 21.40%.

About White Mountains Insurance Group

(Free Report)

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through the segments HG Global/BAM, Ark/WM Outrigger, Kudu and other operations. The HG Global/BAM segment provides insurance for municipal bonds issued to finance public purposes such as schools, utilities and transportation facilities, as well as reinsurance protection services.

See Also

Want to see what other hedge funds own WTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for White Mountains Insurance Group, Ltd. (NYSE:WTM – Free Report).

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