Do You Think White Mountains Insurance Group, Ltd. (WTM) Has a Significant Upside?

Longleaf Partners, managed by Southeastern Asset Management, released its “Small-Cap Fund” fourth-quarter investor letter. A copy of the same can be downloaded here. The fund delivered 4.74% in the fourth quarter compared to a 6.23% return for the Russell 2000 Index, while the fund declined -19.27% in the year 2022. Multiple companies across sectors delivered strong returns and positive relative performance in the fourth quarter.  In addition, please check the fund’s top five holdings to know its best picks in 2022.

Longleaf Partners Small-Cap Fund highlighted stocks White Mountains Insurance Group, Ltd. (NYSE:WTM) in the Q4 2022 investor letter. Headquartered in Hamilton, Bermuda, White Mountains Insurance Group, Ltd. (NYSE:WTM) is an insurance and other financial services provider. On February 3, 2023, White Mountains Insurance Group, Ltd. (NYSE:WTM) stock closed at $1,440.00 per share. One-month return of White Mountains Insurance Group, Ltd. (NYSE:WTM) was 2.34%, and its shares gained 39.26% of their value over the last 52 weeks. White Mountains Insurance Group, Ltd. (NYSE:WTM) has a market capitalization of $ 3.71 billion.

Longleaf Partners Small-Cap Fund made the following comment about White Mountains Insurance Group, Ltd. (NYSE:WTM) in its Q4 2022 investor letter:

“White Mountains Insurance Group, Ltd. (NYSE:WTM) – Insurance conglomerate White Mountains was the top contributor for the year. We have great partners who have gone on offense this year with an intelligent asset sale of NSM Insurance Group to private equity and using their resulting strong net cash position to buy back discounted shares. We believe there is significant additional upside from here”

White Mountains Insurance Group, Ltd. (NYSE:WTM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 17 hedge fund portfolios held White Mountains Insurance Group, Ltd. (NYSE:WTM) at the end of the third quarter, which was 20 in the previous quarter.

We discussed White Mountains Insurance Group, Ltd. (NYSE:WTM) in another article and shared Carillon Tower Advisers’ views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.