Allspring Global Investments Holdings LLC Sells 1,581 Shares of White Mountains Insurance Group, Ltd. $WTM

Allspring Global Investments Holdings LLC trimmed its position in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 7.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,612 shares of the insurance provider’s stock after selling 1,581 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in White Mountains Insurance Group were worth $40,545,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gendell Jeffrey L acquired a new stake in White Mountains Insurance Group during the fourth quarter worth $67,578,000. Norges Bank bought a new position in shares of White Mountains Insurance Group during the 4th quarter worth about $66,879,000. M&T Bank Corp bought a new position in shares of White Mountains Insurance Group during the 4th quarter worth about $38,545,000. River Road Asset Management LLC boosted its position in shares of White Mountains Insurance Group by 10.3% during the 4th quarter. River Road Asset Management LLC now owns 120,880 shares of the insurance provider’s stock valued at $251,192,000 after acquiring an additional 11,292 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of White Mountains Insurance Group by 109,257.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,655 shares of the insurance provider’s stock valued at $15,907,000 after acquiring an additional 7,648 shares in the last quarter. 88.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WTM. Wall Street Zen lowered shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded White Mountains Insurance Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Finally, Zacks Research upgraded White Mountains Insurance Group to a “hold” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, White Mountains Insurance Group currently has an average rating of “Moderate Buy”.

White Mountains Insurance Group Price Performance

Shares of WTM stock opened at $2,213.58 on Monday. White Mountains Insurance Group, Ltd. has a 1 year low of $1,648.00 and a 1 year high of $2,333.00. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $2,094.91 and its 200-day moving average is $2,140.64. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 5.44 and a beta of 0.29.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings data on Wednesday, May 6th. The insurance provider reported ($12.59) earnings per share for the quarter, missing the consensus estimate of ($4.00) by ($8.59). White Mountains Insurance Group had a return on equity of 9.19% and a net margin of 28.44%.The company had revenue of $517.80 million during the quarter, compared to the consensus estimate of $515.40 million. Sell-side analysts forecast that White Mountains Insurance Group, Ltd. will post 134 EPS for the current fiscal year.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is a Bermuda-based diversified insurance and financial services holding company organized in 1985 and headquartered in Hamilton, Bermuda. The company operates through a portfolio of insurance, reinsurance and specialty finance businesses, offering a blend of underwriting expertise and investment management to institutional clients worldwide. As a publicly traded entity on the New York Stock Exchange (NYSE: WTM), White Mountains seeks to generate long-term shareholder value by combining disciplined capital management with strategic acquisitions and organic growth initiatives.

Through its principal operating subsidiaries—most notably Sirius International Insurance Group, Ltd.