White Mountains Insurance Group, Ltd. (NYSE:WTM) Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia reduced its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTMFree Report) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 254 shares of the insurance provider’s stock after selling 26 shares during the quarter. Bank of Nova Scotia’s holdings in White Mountains Insurance Group were worth $382,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of WTM. Morgan Stanley lifted its stake in shares of White Mountains Insurance Group by 0.5% in the 3rd quarter. Morgan Stanley now owns 202,923 shares of the insurance provider’s stock worth $303,512,000 after acquiring an additional 914 shares during the period. Dimensional Fund Advisors LP lifted its position in White Mountains Insurance Group by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 161,957 shares of the insurance provider’s stock worth $243,745,000 after purchasing an additional 1,464 shares during the period. Reinhart Partners LLC. boosted its stake in White Mountains Insurance Group by 2.6% during the 4th quarter. Reinhart Partners LLC. now owns 37,819 shares of the insurance provider’s stock valued at $56,918,000 after purchasing an additional 960 shares in the last quarter. Norges Bank acquired a new position in shares of White Mountains Insurance Group during the 4th quarter valued at $42,501,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of White Mountains Insurance Group by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 24,508 shares of the insurance provider’s stock worth $36,885,000 after buying an additional 608 shares in the last quarter. Institutional investors and hedge funds own 88.65% of the company’s stock.

Insider Activity at White Mountains Insurance Group

In other White Mountains Insurance Group 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 shares were sold at an average price of $19.00, for a total value of $95,003,800.00. Following the completion of the transaction, the insider now directly owns 17,856,614 shares in the company, valued at $339,275,666. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on WTM

White Mountains Insurance Group Stock Performance

Shares of WTM opened at $1,756.82 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. The firm’s 50 day moving average is $1,765.37 and its 200-day moving average is $1,669.72. White Mountains Insurance Group, Ltd. has a 12-month low of $1,350.00 and a 12-month high of $1,899.21. The stock has a market capitalization of $4.52 billion, a P/E ratio of 7.95 and a beta of 0.44.

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

About White Mountains Insurance Group

(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

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

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