Envestnet Asset Management Inc. decreased its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM – Get Rating) by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,920 shares of the insurance provider's stock after selling 442 shares during the period. Envestnet Asset Management Inc. owned approximately 0.23% of White Mountains Insurance Group worth $7,862,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in WTM. State of New Jersey Common Pension Fund D grew its position in shares of White Mountains Insurance Group by 13.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 2,662 shares of the insurance provider's stock valued at $2,699,000 after purchasing an additional 323 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in White Mountains Insurance Group by 31.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 253 shares of the insurance provider's stock worth $257,000 after acquiring an additional 60 shares in the last quarter. New York State Common Retirement Fund grew its position in White Mountains Insurance Group by 38.6% in the fourth quarter. New York State Common Retirement Fund now owns 6,389 shares of the insurance provider's stock worth $6,478,000 after acquiring an additional 1,779 shares in the last quarter. Advisor Group Holdings Inc. grew its position in White Mountains Insurance Group by 21.2% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,021 shares of the insurance provider's stock worth $2,047,000 after acquiring an additional 354 shares in the last quarter. Finally, Outfitter Financial LLC purchased a new position in White Mountains Insurance Group in the fourth quarter worth about $152,000. Hedge funds and other institutional investors own 88.95% of the company's stock.
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White Mountains Insurance Group Stock Down 0.7 %
Shares of NYSE:WTM opened at $1,241.82 on Tuesday. White Mountains Insurance Group, Ltd. has a 1 year low of $978.51 and a 1 year high of $1,291.50. The business has a 50 day simple moving average of $1,243.78 and a two-hundred day simple moving average of $1,138.91. The firm has a market capitalization of $3.70 billion, a PE ratio of -23.15 and a beta of 0.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.72 and a quick ratio of 0.72.
White Mountains Insurance Group (NYSE:WTM – Get Rating) last announced its earnings results on Friday, May 6th. The insurance provider reported $7.64 earnings per share (EPS) for the quarter. The business had revenue of $338.50 million for the quarter.
Insider Buying and Selling at White Mountains Insurance Group
In other White Mountains Insurance Group news, CAO Michaela Hildreth sold 100 shares of the business's stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $1,270.94, for a total transaction of $127,094.00. Following the completion of the transaction, the chief accounting officer now owns 1,563 shares in the company, valued at $1,986,479.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.57% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently commented on WTM shares. StockNews.com upgraded White Mountains Insurance Group from a "sell" rating to a "hold" rating in a research report on Tuesday, May 17th. TheStreet upgraded White Mountains Insurance Group from a "c" rating to a "b-" rating in a research report on Monday, June 6th.
About White Mountains Insurance Group
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White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through five segments: HG Global/BAM, Ark, NSM, Kudu, and Other Operations. 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.
Further Reading
- Get a free copy of the StockNews.com research report on White Mountains Insurance Group (WTM)
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