Published on 8 Feb 2024 on Insider Monkey via Yahoo Finance
Here’s Why White Mountains Insurance Group, Ltd. (WTM) Fell in Q4
The London Company, an investment management company, released “The London Company Small Cap Strategy” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. In the fourth quarter, US stocks experienced a significant surge, causing major indices to record double-digit gains. In the quarter, the fund returned 11.9% (11.7% net) compared to a 14% increase in the Russell 2000 Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
The London Company Small Cap Strategy featured stocks such as White Mountains Insurance Group, Ltd. (NYSE:WTM) in the fourth quarter 2023 investor letter. Headquartered in Hamilton, Bermuda, White Mountains Insurance Group, Ltd. (NYSE:WTM) is an insurance and other financial services provider. On February 7, 2024, White Mountains Insurance Group, Ltd. (NYSE:WTM) stock closed at $1,581.00 per share. One-month return of White Mountains Insurance Group, Ltd. (NYSE:WTM) was 3.52%, and its shares gained 6.90% of their value over the last 52 weeks. White Mountains Insurance Group, Ltd. (NYSE:WTM) has a market capitalization of $4.048 billion.
The London Company Small Cap Strategy stated the following regarding White Mountains Insurance Group, Ltd. (NYSE:WTM) in its fourth quarter 2023 investor letter: