Allspring Global Investments Holdings LLC Purchases 681 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Allspring Global Investments Holdings LLC grew its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,236 shares of the insurance provider’s stock after purchasing an additional 681 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.90% of White Mountains Insurance Group worth $44,824,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WTM. Versant Capital Management Inc increased its holdings in shares of White Mountains Insurance Group by 90.0% in the 4th quarter. Versant Capital Management Inc now owns 19 shares of the insurance provider’s stock worth $37,000 after buying an additional 9 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in White Mountains Insurance Group during the fourth quarter valued at about $37,000. Eagle Bay Advisors LLC bought a new stake in White Mountains Insurance Group during the fourth quarter worth about $103,000. Stonebridge Financial Group LLC purchased a new position in shares of White Mountains Insurance Group in the 4th quarter worth about $117,000. Finally, KBC Group NV increased its position in shares of White Mountains Insurance Group by 21.9% during the 3rd quarter. KBC Group NV now owns 78 shares of the insurance provider’s stock valued at $132,000 after purchasing an additional 14 shares during the last quarter. Institutional investors own 88.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th.

White Mountains Insurance Group Stock Performance

NYSE WTM opened at $1,835.97 on Friday. The company has a 50-day simple moving average of $1,907.80 and a two-hundred day simple moving average of $1,848.47. White Mountains Insurance Group, Ltd. has a 12-month low of $1,665.71 and a 12-month high of $2,023.00. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 7.27 and a beta of 0.45. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.10.

White Mountains Insurance Group (NYSE:WTM) last issued its earnings results on Friday, February 7th. The insurance provider reported $12.44 earnings per share for the quarter. White Mountains Insurance Group had a return on equity of 11.57% and a net margin of 24.72%.

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.