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

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

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in 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 acquiring an additional 9 shares during the last quarter. Fortitude Family Office LLC bought a new stake in White Mountains Insurance Group in the 4th quarter worth approximately $37,000. Eagle Bay Advisors LLC bought a new stake in White Mountains Insurance Group in the 4th quarter worth approximately $103,000. Stonebridge Financial Group LLC bought a new stake in White Mountains Insurance Group in the 4th quarter worth approximately $117,000. Finally, KBC Group NV increased its stake in White Mountains Insurance Group by 21.9% in the 3rd quarter. KBC Group NV now owns 78 shares of the insurance provider's stock worth $132,000 after acquiring an additional 14 shares during the last quarter. 88.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

White Mountains Insurance Group Trading Up 1.9 %

Shares of NYSE WTM traded up $33.84 during trading hours on Tuesday, hitting $1,860.02. 11,341 shares of the company traded hands, compared to its average volume of 14,186. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 7.36 and a beta of 0.45. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.10. The company's 50 day moving average price is $1,904.89 and its 200 day moving average price is $1,849.87. White Mountains Insurance Group, Ltd. has a 12 month low of $1,665.71 and a 12 month high of $2,023.00.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last released 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%.

White Mountains Insurance Group 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.