Lord Abbett & CO. LLC Has $55.99 Million Stock Position in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Lord Abbett & CO. LLC grew its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 7.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,012 shares of the insurance provider’s stock after purchasing an additional 2,430 shares during the period. Lord Abbett & CO. LLC’s holdings in White Mountains Insurance Group were worth $55,994,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. River Road Asset Management LLC increased its stake in White Mountains Insurance Group by 1.6% in the 3rd quarter. River Road Asset Management LLC now owns 118,206 shares of the insurance provider’s stock valued at $200,501,000 after buying an additional 1,886 shares during the last quarter. Wallace Capital Management Inc. raised its holdings in White Mountains Insurance Group by 1.3% during the third quarter. Wallace Capital Management Inc. now owns 82,366 shares of the insurance provider’s stock worth $139,708,000 after acquiring an additional 1,062 shares in the last quarter. Select Equity Group L.P. boosted its position in 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 last quarter. State Street Corp increased its position in shares of White Mountains Insurance Group by 5.2% during the 3rd quarter. State Street Corp now owns 54,877 shares of the insurance provider’s stock worth $93,082,000 after purchasing an additional 2,714 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of White Mountains Insurance Group by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 39,844 shares of the insurance provider’s stock worth $67,603,000 after purchasing an additional 273 shares in the last quarter. Institutional investors own 88.65% of the company’s stock.

White Mountains Insurance Group Price Performance

NYSE:WTM opened at $1,954.60 on Friday. The stock has a market capitalization of $5.02 billion, a PE ratio of 7.74 and a beta of 0.45. White Mountains Insurance Group, Ltd. has a 1-year low of $1,401.01 and a 1-year high of $2,023.00. The firm has a fifty day simple moving average of $1,894.77 and a 200 day simple moving average of $1,802.82. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.10.

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.