Bank of New York Mellon Corp Sells 30 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Bank of New York Mellon Corp trimmed its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 0.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,570 shares of the insurance provider’s stock after selling 30 shares during the quarter. Bank of New York Mellon Corp owned 0.49% of White Mountains Insurance Group worth $24,208,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Private Trust Co. NA raised its position in shares of White Mountains Insurance Group by 87.5% during the first quarter. Private Trust Co. NA now owns 15 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 7 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in White Mountains Insurance Group by 6.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 173 shares of the insurance provider’s stock worth $333,000 after purchasing an additional 11 shares in the last quarter. Deutsche Bank AG grew its position in shares of White Mountains Insurance Group by 120.3% in the 4th quarter. Deutsche Bank AG now owns 337 shares of the insurance provider’s stock valued at $655,000 after buying an additional 184 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of White Mountains Insurance Group by 6.4% during the 4th quarter. Ameriprise Financial Inc. now owns 3,277 shares of the insurance provider’s stock valued at $6,374,000 after purchasing an additional 198 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its holdings in White Mountains Insurance Group by 66.4% in the first quarter. Summit Trail Advisors LLC now owns 486 shares of the insurance provider’s stock worth $936,000 after acquiring an additional 194 shares in the last quarter. 88.65% of the stock is currently owned by institutional investors.

White Mountains Insurance Group Stock Performance

WTM stock opened at $1,809.45 on Friday. The stock’s 50 day simple moving average is $1,788.13 and its 200 day simple moving average is $1,825.46. The stock has a market capitalization of $4.65 billion, a PE ratio of 166.77 and a beta of 0.36. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. White Mountains Insurance Group, Ltd. has a 12-month low of $1,666.22 and a 12-month high of $2,023.00.

White Mountains Insurance Group (NYSE:WTM) last issued its quarterly earnings data on Wednesday, May 7th. The insurance provider reported ($20.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($14.00) by ($6.50). The business had revenue of $472.20 million for the quarter. White Mountains Insurance Group had a net margin of 1.29% and a return on equity of 5.01%.

Wall Street Analyst Weigh In

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

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.