Arizona State Retirement System Sells 9 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Arizona State Retirement System reduced its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 737 shares of the insurance provider’s stock after selling 9 shares during the period. Arizona State Retirement System’s holdings in White Mountains Insurance Group were worth $1,419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Private Trust Co. NA boosted its position in 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 valued at $29,000 after acquiring an additional 7 shares during the last quarter. Huntington National Bank boosted its position in White Mountains Insurance Group by 57.1% during the fourth quarter. Huntington National Bank now owns 22 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 8 shares during the last quarter. Whipplewood Advisors LLC boosted its position in White Mountains Insurance Group by 866.7% during the first quarter. Whipplewood Advisors LLC now owns 29 shares of the insurance provider’s stock valued at $56,000 after acquiring an additional 26 shares during the last quarter. GeoWealth Management LLC boosted its position in White Mountains Insurance Group by 26.9% during the fourth quarter. GeoWealth Management LLC now owns 33 shares of the insurance provider’s stock valued at $64,000 after acquiring an additional 7 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in White Mountains Insurance Group by 36.1% during the first quarter. First Horizon Advisors Inc. now owns 49 shares of the insurance provider’s stock valued at $94,000 after acquiring an additional 13 shares during the last quarter. 88.65% of the stock is currently owned by institutional investors.

White Mountains Insurance Group Stock Performance

NYSE WTM opened at $1,811.30 on Friday. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 166.94 and a beta of 0.36. The company has a 50-day simple moving average of $1,788.37 and a two-hundred day simple moving average of $1,823.70. The company has a quick ratio of 0.78, a current 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 posted its quarterly earnings results on Wednesday, May 7th. The insurance provider reported ($20.50) EPS for the quarter, missing analysts’ consensus estimates of ($14.00) by ($6.50). The firm 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 raised shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th.

About White Mountains Insurance Group

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.