Sei Investments Co. Cuts Stock Holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Sei Investments Co. decreased its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,389 shares of the insurance provider’s stock after selling 29 shares during the quarter. Sei Investments Co. owned 0.09% of White Mountains Insurance Group worth $4,342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in WTM. Global Assets Advisory LLC purchased a new stake in shares of White Mountains Insurance Group during the first quarter valued at approximately $241,384,000. Elkhorn Partners Limited Partnership boosted its holdings in 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 worth $42,345,000 after purchasing an additional 5,781 shares during the last quarter. Lord Abbett & CO. LLC boosted its holdings in 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 worth $51,088,000 after purchasing an additional 3,934 shares during the last quarter. Lee Danner & Bass Inc. purchased a new stake in White Mountains Insurance Group in the second quarter worth approximately $5,967,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in White Mountains Insurance Group by 20.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 13,839 shares of the insurance provider’s stock worth $24,831,000 after purchasing an additional 2,391 shares during the last quarter. Hedge funds and other institutional investors own 88.65% of the company’s stock.

White Mountains Insurance Group Trading Up 4.2 %

Shares of WTM stock opened at $1,768.10 on Wednesday. White Mountains Insurance Group, Ltd. has a 12-month low of $1,401.01 and a 12-month high of $1,899.21. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $1,748.54 and its 200 day moving average is $1,760.05. The stock has a market capitalization of $4.54 billion, a P/E ratio of 8.00 and a beta of 0.44.

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

White Mountains Insurance Group 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.