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

Wallace Capital Management Inc. cut its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 0.9% during the 2nd 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 accounts for 18.9% of Wallace Capital Management Inc.’s investment portfolio, making the stock its biggest position. Wallace Capital Management Inc.’s 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 L.P. increased its holdings in shares of White Mountains Insurance Group by 18.9% during the second quarter. Select Equity Group L.P. 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 increased its holdings in shares of White Mountains Insurance Group by 32.4% during 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 increased its holdings in shares of White Mountains Insurance Group by 16.0% during the first quarter. Lord Abbett & CO. LLC now owns 28,472 shares of the insurance provider’s stock valued at $51,088,000 after purchasing an additional 3,934 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new position in shares of White Mountains Insurance Group during the second quarter valued at $5,967,000. 88.65% of the stock is currently owned by institutional investors.

White Mountains Insurance Group Price Performance

Shares of WTM opened at $1,701.00 on Monday. The firm has a market capitalization 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) last released 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

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.