Legato Capital Management LLC Decreases Stake in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Legato Capital Management LLC cut its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 56.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 391 shares of the insurance provider’s stock after selling 499 shares during the period. Legato Capital Management LLC’s holdings in White Mountains Insurance Group were worth $711,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of White Mountains Insurance Group by 13.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 15,659 shares of the insurance provider’s stock valued at $28,459,000 after purchasing an additional 1,820 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in White Mountains Insurance Group by 9.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 10,868 shares of the insurance provider’s stock valued at $19,752,000 after buying an additional 930 shares in the last quarter. Family Firm Inc. purchased a new stake in White Mountains Insurance Group in the 2nd quarter valued at about $82,000. Parsons Capital Management Inc. RI boosted its position in White Mountains Insurance Group by 29.1% in the 2nd quarter. Parsons Capital Management Inc. RI now owns 1,473 shares of the insurance provider’s stock valued at $2,677,000 after buying an additional 332 shares during the period. Finally, OFI Invest Asset Management bought a new position in White Mountains Insurance Group in the 2nd quarter worth about $526,000. Hedge funds and other institutional investors own 88.65% of the company’s stock.

White Mountains Insurance Group Stock Up 0.2 %

Shares of NYSE:WTM opened at $1,778.68 on Wednesday. The business’s 50 day moving average is $1,752.65 and its 200 day moving average is $1,761.29. The stock has a market cap of $4.56 billion, a P/E ratio of 8.05 and a beta of 0.44. White Mountains Insurance Group, Ltd. has a 52-week low of $1,401.01 and a 52-week high of $1,899.21. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11.

White Mountains Insurance Group Company 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.