Victory Capital Management Inc. raised its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM – Get Rating) by 961.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,404 shares of the insurance provider's stock after buying an additional 3,989 shares during the quarter. Victory Capital Management Inc. owned about 0.15% of White Mountains Insurance Group worth $4,968,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC purchased a new position in White Mountains Insurance Group during the 4th quarter valued at approximately $42,000. Ensign Peak Advisors Inc purchased a new position in White Mountains Insurance Group during the 4th quarter valued at approximately $81,000. Johnson Financial Group Inc. purchased a new position in White Mountains Insurance Group during the 4th quarter valued at approximately $84,000. Sageworth Trust Co of South Dakota purchased a new position in White Mountains Insurance Group during the 4th quarter valued at approximately $133,000. Finally, Outfitter Financial LLC purchased a new position in shares of White Mountains Insurance Group in the 4th quarter worth approximately $152,000. Hedge funds and other institutional investors own 88.95% of the company's stock.
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Insider Buying and Selling
In related news, CAO Michaela Hildreth sold 100 shares of the firm'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 sale, the chief accounting officer now directly owns 1,563 shares of the company's stock, valued at approximately $1,986,479.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.57% of the stock is owned by corporate insiders.
White Mountains Insurance Group Price Performance
Shares of White Mountains Insurance Group stock opened at $1,261.95 on Wednesday. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of -23.52 and a beta of 0.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a 50 day moving average price of $1,244.13 and a 200-day moving average price of $1,139.77. White Mountains Insurance Group, Ltd. has a one year low of $978.51 and a one year high of $1,291.50.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. StockNews.com upgraded White Mountains Insurance Group from a "sell" rating to a "hold" rating in a report on Tuesday, May 17th. TheStreet upgraded White Mountains Insurance Group from a "c" rating to a "b-" rating in a report on Monday, June 6th.
White Mountains Insurance Group Profile
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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.
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