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Other hedge funds and other institutional investors have also recently bought and sold shares in the company. Exchange Traded Concepts LLC increased its stake in White Mountains Insurance Group by 109.1% in the third quarter. Exchange Traded Concepts LLC now owns 23 shares of the insurance provider valued at $30,000 after purchasing an additional 12 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in White Mountains Insurance Group in the second quarter valued at about $30,000. Ronald Blue Trust Inc. purchased a new position in White Mountains Insurance Group in the second quarter valued at about $47,000. Sageworth Trust Co of South Dakota increased its stake in White Mountains Insurance Group by 100.0% in the second quarter. South Dakota’s Sageworth Trust Co now owns 42 shares of the insurance provider worth $52,000 after buying an additional 21 shares last quarter. Finally, Quantbot Technologies LP purchased a new position in White Mountains Insurance Group in the first quarter for approximately $70,000. 87.79% of the shares are owned by hedge funds and other institutional investors.
Internal activity at White Mountains Insurance Group
In related news, CAO Michaela Hildreth sold 100 shares of White Mountains Insurance Group in a transaction that occurred on Thursday, December 22. The shares were sold at an average price of $1,371.84, for a total value of $137,184.00. Following the completion of the sale, the accounting director now owns 1,463 shares of the company, valued at approximately $2,007,001.92. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. 2.57% of the shares are owned by insiders.
White Mountains Insurance Group shares rose 0.7%
WTM shares opened at $1,436.42 on Tuesday. The company has a market capitalization of $3.7 billion, a PE ratio of 5.28, and a beta of 0.38. The firm has a debt to equity ratio of 0.16, a quick ratio of 0.97, and a current ratio of 0.97. The company’s 50-day moving average price is $1,371.62 and its 200-day moving average price is $1,332.42. White Mountains Insurance Group, Ltd. has a one-year minimum of $982.60 and a one-year maximum of $1,450.36.
White Mountains Insurance Group (NYSE:WTM – Get Rating) last released its quarterly earnings results on Monday, November 7. The insurance provider reported $8.50 EPS for the quarter. The company had revenue of $431.20 million for the quarter. White Mountains Insurance Group had a net margin of 67.76% and a return on equity of 0.56%.
Wall Street analyst weighs in
Several research analysts have weighed in on WTM’s stock. TheStreet upgraded White Mountains Insurance Group shares from a “c” rating to a “b-” rating in a research note on Tuesday, November 15. StockNews.com downgraded shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, November 11.
Company Profile White Mountains Insurance Group
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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