Arizona State Retirement System reduced its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM – Get Rating) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 809 shares of the insurance provider’s stock after selling 9 shares during the period. Arizona State Retirement System’s holdings in White Mountains Insurance Group were worth $1,054,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the business. AMG National Trust Bank boosted its stake in White Mountains Insurance Group by 1.5% during the third quarter. AMG National Trust Bank now owns 1,097 shares of the insurance provider’s stock valued at $1,429,000 after buying an additional 16 shares during the period. First Republic Investment Management Inc. boosted its stake in White Mountains Insurance Group by 19.6% during the third quarter. First Republic Investment Management Inc. now owns 3,613 shares of the insurance provider’s stock valued at $4,708,000 after buying an additional 591 shares during the period. Speece Thorson Capital Group Inc. boosted its stake in White Mountains Insurance Group by 3.3% during the third quarter. Speece Thorson Capital Group Inc. now owns 16,143 shares of the insurance provider’s stock valued at $21,035,000 after buying an additional 515 shares during the period. Royce & Associates LP boosted its stake in White Mountains Insurance Group by 19.5% during the third quarter. Royce & Associates LP now owns 12,506 shares of the insurance provider’s stock valued at $16,296,000 after buying an additional 2,040 shares during the period. Finally, Barclays PLC boosted its stake in White Mountains Insurance Group by 161.3% during the third quarter. Barclays PLC now owns 3,838 shares of the insurance provider’s stock valued at $5,000,000 after buying an additional 2,369 shares during the period. Institutional investors own 87.79% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on WTM shares. TheStreet upgraded White Mountains Insurance Group from a “c” rating to a “b-” rating in a research report on Tuesday, November 15th. StockNews.com downgraded White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, November 11th.
White Mountains Insurance Group Trading Down 0.2 %
NYSE WTM opened at $1,440.00 on Friday. The stock’s 50-day simple moving average is $1,406.46 and its two-hundred day simple moving average is $1,353.52. White Mountains Insurance Group, Ltd. has a twelve month low of $1,017.58 and a twelve month high of $1,539.47. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 5.29 and a beta of 0.41.
White Mountains Insurance Group (NYSE:WTM – Get Rating) last released its quarterly earnings data on Monday, November 7th. The insurance provider reported $8.50 EPS for the quarter. The firm had revenue of $431.20 million for the quarter. White Mountains Insurance Group had a return on equity of 0.56% and a net margin of 67.76%.
Insider Transactions at White Mountains Insurance Group
In other news, CAO Michaela Hildreth sold 100 shares of White Mountains Insurance Group stock in a transaction dated Thursday, December 22nd. The stock was sold at an average price of $1,371.84, for a total value of $137,184.00. Following the transaction, the chief accounting officer now owns 1,463 shares in the company, valued at $2,007,001.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.57% of the company’s stock.
White Mountains Insurance Group Company Profile
(Get Rating)
White Mountains Insurance Group Ltd. engages in the acquisition of businesses and assets in the insurance, financial services, and related sectors. It operates through the following segments: HG Global/BAM, NSM, Kudu, and Other Operations. The HG Global/BAM segment refers to White Mountains’ investment in HG Global Limited, and the consolidated results of Build America Mutual Assurance Company (BAM).
Further Reading
Want to see what other hedge funds are holding WTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for White Mountains Insurance Group, Ltd. (NYSE:WTM – Get Rating).
Receive News & Ratings for White Mountains Insurance Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for White Mountains Insurance Group and related companies with MarketBeat.com’s FREE daily email newsletter.
