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.
Get White Mountains Insurance Group alerts: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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