Eastern Bank Acquires New Shares in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Eastern Bank bought a new position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 100 shares of the insurance provider’s stock, valued at approximately $170,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC raised its position in shares of 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 purchasing an additional 10 shares during the period. Fidelis Capital Partners LLC acquired a new stake in White Mountains Insurance Group during the 1st quarter worth approximately $34,000. UMB Bank n.a. lifted its stake in White Mountains Insurance Group by 40.0% in the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $47,000 after buying an additional 8 shares in the last quarter. Family Firm Inc. acquired a new position in shares of White Mountains Insurance Group in the second quarter valued at approximately $82,000. Finally, GAMMA Investing LLC increased 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 acquiring an additional 25 shares in the last quarter. 88.65% of the stock is owned by institutional investors and hedge funds.

White Mountains Insurance Group Trading Up 0.7 %

Shares of NYSE:WTM opened at $1,844.29 on Friday. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 8.34 and a beta of 0.43. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.11. White Mountains Insurance Group, Ltd. has a 12 month low of $1,401.01 and a 12 month high of $1,899.91. The company’s fifty day simple moving average is $1,777.96 and its 200 day simple moving average is $1,764.19.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly 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 during the quarter. White Mountains Insurance Group had a net margin of 21.40% and a return on equity of 7.62%.

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.