Principal Financial Group Inc. Lowers Stock Position in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Principal Financial Group Inc. trimmed its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 16.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 158 shares of the insurance provider’s stock after selling 31 shares during the period. Principal Financial Group Inc.’s holdings in White Mountains Insurance Group were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of WTM. Hexagon Capital Partners LLC boosted its position in shares of White Mountains Insurance Group by 250.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 14 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 10 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of White Mountains Insurance Group by 40.0% in the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 8 shares during the period. Family Firm Inc. acquired a new stake in shares of White Mountains Insurance Group in the second quarter valued at about $82,000. GAMMA Investing LLC boosted its holdings in White Mountains Insurance Group by 104.2% during the third quarter. GAMMA Investing LLC now owns 49 shares of the insurance provider’s stock worth $83,000 after buying an additional 25 shares in the last quarter. Finally, Quarry LP purchased a new position in White Mountains Insurance Group in the second quarter valued at about $93,000. 88.65% of the stock is owned by institutional investors and hedge funds.

White Mountains Insurance Group Price Performance

WTM stock opened at $2,015.00 on Tuesday. The firm has a 50 day moving average of $1,815.65 and a 200-day moving average of $1,779.95. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 7.98 and a beta of 0.43. 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, Ltd. has a 12-month low of $1,401.01 and a 12-month high of $2,017.55.

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.