White Mountains Insurance Group, Ltd. (NYSE:WTM) Shares Bought by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina lifted its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTMFree Report) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,240 shares of the insurance provider’s stock after purchasing an additional 15 shares during the period. Treasurer of the State of North Carolina’s holdings in White Mountains Insurance Group were worth $1,866,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WTM. Allworth Financial LP acquired a new position in shares of White Mountains Insurance Group in the 4th quarter valued at $26,000. Montag A & Associates Inc. acquired a new position in shares of White Mountains Insurance Group in the fourth quarter worth about $29,000. GAMMA Investing LLC purchased a new position in shares of White Mountains Insurance Group in the fourth quarter worth approximately $33,000. Gladius Capital Management LP raised its holdings in shares of White Mountains Insurance Group by 500.0% during the third quarter. Gladius Capital Management LP now owns 24 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 20 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of White Mountains Insurance Group by 38.1% in the 4th quarter. Blue Trust Inc. now owns 29 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 8 shares in the last quarter. 88.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th.

Read Our Latest Stock Report on WTM

Insider Buying and Selling at White Mountains Insurance Group

In other news, major shareholder Mountains Insurance Grou White sold 5,000,200 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $19.00, for a total transaction of $95,003,800.00. Following the completion of the sale, the insider now directly owns 17,856,614 shares of the company’s stock, valued at approximately $339,275,666. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.00% of the company’s stock.

White Mountains Insurance Group Stock Performance

WTM stock opened at $1,763.90 on Friday. The firm has a 50 day simple moving average of $1,765.98 and a 200 day simple moving average of $1,667.65. White Mountains Insurance Group, Ltd. has a 52 week low of $1,350.00 and a 52 week high of $1,899.21. The stock has a market cap of $4.53 billion, a P/E ratio of 7.98 and a beta of 0.44. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82.

White Mountains Insurance Group (NYSE:WTMGet Free Report) last released its earnings results on Thursday, May 9th. The insurance provider reported $86.04 earnings per share (EPS) for the quarter. White Mountains Insurance Group had a net margin of 24.81% and a return on equity of 8.34%. The company had revenue of $394.90 million during the quarter.

White Mountains Insurance Group Profile

(Free Report)

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. 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.

See Also

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Institutional Ownership by Quarter for White Mountains Insurance Group (NYSE:WTM)

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