Parallel Advisors LLC Cuts Holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Parallel Advisors LLC trimmed its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 18.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27 shares of the insurance provider’s stock after selling 6 shares during the period. Parallel Advisors LLC’s holdings in White Mountains Insurance Group were worth $52,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. AMG National Trust Bank boosted its stake in shares of White Mountains Insurance Group by 1.2% in the 4th quarter. AMG National Trust Bank now owns 572 shares of the insurance provider’s stock worth $1,104,000 after buying an additional 7 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of White Mountains Insurance Group by 0.9% in the 4th quarter. Arizona State Retirement System now owns 746 shares of the insurance provider’s stock worth $1,451,000 after buying an additional 7 shares during the last quarter. Main Street Financial Solutions LLC boosted its stake in shares of White Mountains Insurance Group by 0.7% in the 4th quarter. Main Street Financial Solutions LLC now owns 1,009 shares of the insurance provider’s stock worth $1,963,000 after buying an additional 7 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of White Mountains Insurance Group by 5.4% in the 4th quarter. Russell Investments Group Ltd. now owns 137 shares of the insurance provider’s stock worth $266,000 after buying an additional 7 shares during the last quarter. Finally, GeoWealth Management LLC boosted its stake in shares of White Mountains Insurance Group by 26.9% in the 4th quarter. GeoWealth Management LLC now owns 33 shares of the insurance provider’s stock worth $64,000 after buying an additional 7 shares during the last quarter. 88.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th.

White Mountains Insurance Group Price Performance

NYSE WTM opened at $1,818.03 on Monday. The company has a market capitalization of $4.68 billion, a PE ratio of 20.20 and a beta of 0.36. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.76 and a current ratio of 0.76. The business’s fifty day moving average is $1,775.08 and its 200 day moving average is $1,859.94. White Mountains Insurance Group, Ltd. has a fifty-two week low of $1,666.22 and a fifty-two week high of $2,023.00.

White Mountains Insurance Group (NYSE:WTM) last released its earnings results on Wednesday, May 7th. The insurance provider reported ($20.50) earnings per share for the quarter, missing the consensus estimate of ($14.00) by ($6.50). The company had revenue of $472.20 million for the quarter. White Mountains Insurance Group had a net margin of 10.29% and a return on equity of 10.56%.

White Mountains Insurance Group Company Profile

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.