Lecap Asset Management Ltd. Acquires Shares of 296 White Mountains Insurance Group, Ltd. (NYSE:WTM)

Lecap Asset Management Ltd. purchased a new stake in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 296 shares of the insurance provider's stock, valued at approximately $502,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Select Equity Group L.P. increased its position in shares of White Mountains Insurance Group by 18.9% during the second quarter. Select Equity Group L.P. now owns 59,361 shares of the insurance provider's stock valued at $107,886,000 after purchasing an additional 9,430 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in White Mountains Insurance Group by 44.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 22,555 shares of the insurance provider's stock valued at $38,258,000 after buying an additional 6,896 shares during the period. Elkhorn Partners Limited Partnership raised its stake in shares of White Mountains Insurance Group by 32.4% in the 1st quarter. Elkhorn Partners Limited Partnership now owns 23,600 shares of the insurance provider's stock valued at $42,345,000 after buying an additional 5,781 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of White Mountains Insurance Group by 16.0% during the 1st quarter. Lord Abbett & CO. LLC now owns 28,472 shares of the insurance provider's stock worth $51,088,000 after acquiring an additional 3,934 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of White Mountains Insurance Group during the 2nd quarter valued at about $5,967,000. 88.65% of the stock is currently owned by institutional investors and hedge funds.

White Mountains Insurance Group Price Performance

NYSE WTM traded down $28.35 on Friday, reaching $1,815.94. The company's stock had a trading volume of 6,282 shares, compared to its average volume of 10,710. The firm has a market cap of $4.66 billion, a PE ratio of 8.34 and a beta of 0.43. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. White Mountains Insurance Group, Ltd. has a 52 week low of $1,401.01 and a 52 week high of $1,899.91. The business has a 50-day moving average price of $1,777.96 and a 200 day moving average price of $1,764.19.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last issued its earnings results on Wednesday, August 7th. The insurance provider reported ($2.74) earnings per share (EPS) for the quarter. The company had revenue of $455.60 million during the quarter. White Mountains Insurance Group had a return on equity of 7.62% and a net margin of 21.40%.

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.