Phocas Financial Corp. lowered its position in White Mountains Insurance Group, Ltd. (NYSE:WTM – Free Report) by 0.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,022 shares of the insurance provider’s stock after selling 35 shares during the period. Phocas Financial Corp. owned about 0.20% of White Mountains Insurance Group worth $6,975,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of WTM. Morgan Stanley raised its position in shares of White Mountains Insurance Group by 712.3% in the fourth quarter. Morgan Stanley now owns 189,671 shares of the insurance provider’s stock worth $268,257,000 after acquiring an additional 166,320 shares during the period. Moneta Group Investment Advisors LLC acquired a new position in shares of White Mountains Insurance Group in the fourth quarter worth about $228,701,000. Select Equity Group L.P. acquired a new position in shares of White Mountains Insurance Group in the first quarter worth about $46,821,000. Norges Bank acquired a new position in shares of White Mountains Insurance Group in the fourth quarter worth about $38,748,000. Finally, Perpetual Ltd acquired a new position in shares of White Mountains Insurance Group in the first quarter worth about $21,318,000. Institutional investors and hedge funds own 86.67% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of White Mountains Insurance Group in a research report on Thursday, August 17th. They set a “hold” rating for the company.
White Mountains Insurance Group Price Performance
Shares of WTM traded down $14.66 during mid-day trading on Tuesday, hitting $1,542.10. 2,838 shares of the company were exchanged, compared to its average volume of 9,654. White Mountains Insurance Group, Ltd. has a 1-year low of $1,172.00 and a 1-year high of $1,617.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.85 and a current ratio of 0.85. The company has a 50 day moving average of $1,553.32 and a 200-day moving average of $1,451.42. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 3.88 and a beta of 0.41.
White Mountains Insurance Group (NYSE:WTM – Get Free Report) last released its quarterly earnings results on Monday, August 7th. The insurance provider reported $4.13 earnings per share for the quarter. White Mountains Insurance Group had a net margin of 65.14% and a return on equity of 1.38%. The firm had revenue of $367.00 million during the quarter.
Insider Buying and Selling
In other White Mountains Insurance Group news, Director Mountains Insurance Grou White acquired 5,916,816 shares of the business’s stock in a transaction on Friday, June 30th. The stock was bought at an average price of $10.00 per share, for a total transaction of $59,168,160.00. Following the acquisition, the director now owns 22,856,814 shares in the company, valued at $228,568,140. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.10% of the company’s stock.
White Mountains Insurance Group Profile
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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