Edgestream Partners L.P. Raises Holdings in White Mountains Insurance Group, Ltd. $WTM

Edgestream Partners L.P. lifted its position in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 491.7% during the 1st quarter, Holdings Channel reports. The firm owned 3,130 shares of the insurance provider’s stock after acquiring an additional 2,601 shares during the period. Edgestream Partners L.P.’s holdings in White Mountains Insurance Group were worth $6,876,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Torren Management LLC bought a new position in shares of White Mountains Insurance Group during the fourth quarter valued at about $27,000. Smartleaf Asset Management LLC increased its holdings in White Mountains Insurance Group by 100.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 14 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 7 shares during the period. Global Assets Advisory LLC purchased a new position in White Mountains Insurance Group during the 1st quarter valued at about $33,000. Geneos Wealth Management Inc. raised its position in White Mountains Insurance Group by 325.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 13 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in White Mountains Insurance Group during the 4th quarter valued at approximately $39,000. 88.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WTM has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings cut shares of White Mountains Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, Zacks Research raised shares of White Mountains Insurance Group to a “hold” rating in a research note on Wednesday, May 27th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

White Mountains Insurance Group Trading Down 1.5%

NYSE:WTM opened at $2,117.23 on Friday. White Mountains Insurance Group, Ltd. has a one year low of $1,648.00 and a one year high of $2,333.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.79 and a quick ratio of 0.79. The company’s 50-day simple moving average is $2,103.91 and its 200 day simple moving average is $2,148.19. The firm has a market capitalization of $5.25 billion, a P/E ratio of 5.21 and a beta of 0.29.

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

White Mountains Insurance Group Profile

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.