Lecap Asset Management Ltd. Makes New $502,000 Investment in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Lecap Asset Management Ltd. bought a new position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 296 shares of the insurance provider’s stock, valued at approximately $502,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WTM. Hexagon Capital Partners LLC boosted its holdings in White Mountains Insurance Group by 250.0% during the second quarter. Hexagon Capital Partners LLC now owns 14 shares of the insurance provider’s stock worth $25,000 after buying an additional 10 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in White Mountains Insurance Group during the first quarter worth about $34,000. UMB Bank n.a. raised its position in shares of White Mountains Insurance Group by 40.0% during the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 8 shares during the period. Family Firm Inc. acquired a new stake in shares of White Mountains Insurance Group during the second quarter worth about $82,000. Finally, GAMMA Investing LLC raised its position in shares of White Mountains Insurance Group by 104.2% during the third quarter. GAMMA Investing LLC now owns 49 shares of the insurance provider’s stock worth $83,000 after purchasing an additional 25 shares during the period. Institutional investors own 88.65% of the company’s stock.

White Mountains Insurance Group Trading Up 0.7 %

NYSE WTM opened at $1,844.29 on Friday. The firm has a market cap of $4.73 billion, a P/E ratio of 8.34 and a beta of 0.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.83 and a quick ratio of 0.83. The stock’s 50-day moving average is $1,777.96 and its 200-day moving average is $1,764.19. White Mountains Insurance Group, Ltd. has a one year low of $1,401.01 and a one year high of $1,899.91.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings results on Wednesday, August 7th. The insurance provider reported ($2.74) EPS for the quarter. The business 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%.

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.