Elkhorn Partners Limited Partnership Has $29.28 Million Holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Elkhorn Partners Limited Partnership reduced its position in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 0.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 16,110 shares of the insurance provider’s stock after selling 90 shares during the period. White Mountains Insurance Group accounts for 20.2% of Elkhorn Partners Limited Partnership’s portfolio, making the stock its 3rd biggest position. Elkhorn Partners Limited Partnership’s holdings in White Mountains Insurance Group were worth $29,279,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Global Assets Advisory LLC purchased a new stake in shares of White Mountains Insurance Group during the first quarter valued at about $241,384,000. Norges Bank purchased a new stake in shares of White Mountains Insurance Group during the fourth quarter valued at about $42,501,000. Lord Abbett & CO. LLC lifted its position in shares of White Mountains Insurance Group by 16.0% during the first quarter. Lord Abbett & CO. LLC now owns 28,472 shares of the insurance provider’s stock valued at $51,088,000 after buying an additional 3,934 shares during the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of White Mountains Insurance Group during the second quarter valued at about $5,967,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of White Mountains Insurance Group by 20.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 13,839 shares of the insurance provider’s stock valued at $24,831,000 after buying an additional 2,391 shares during the last quarter. 88.65% of the stock is currently owned by institutional investors.

White Mountains Insurance Group Stock Performance

WTM stock opened at $1,698.49 on Wednesday. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 7.68 and a beta of 0.44. The firm has a 50-day simple moving average of $1,753.35 and a two-hundred day simple moving average of $1,762.78. White Mountains Insurance Group, Ltd. has a one year low of $1,401.01 and a one year high of $1,899.21. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.83.

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

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.