Truist Financial Corp Sells 129 Shares of White Mountains Insurance Group, Ltd. $WTM

Truist Financial Corp lowered its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 9.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,240 shares of the insurance provider’s stock after selling 129 shares during the period. Truist Financial Corp’s holdings in White Mountains Insurance Group were worth $2,227,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in WTM. Private Trust Co. NA grew its holdings in shares of White Mountains Insurance Group by 87.5% during the 1st quarter. Private Trust Co. NA now owns 15 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 7 shares during the last quarter. Fifth Third Bancorp boosted its position in White Mountains Insurance Group by 183.3% during the 2nd quarter. Fifth Third Bancorp now owns 17 shares of the insurance provider’s stock valued at $31,000 after buying an additional 11 shares during the period. Geneos Wealth Management Inc. boosted its position in White Mountains Insurance Group by 325.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider’s stock valued at $33,000 after buying an additional 13 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in White Mountains Insurance Group by 90.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 21 shares of the insurance provider’s stock valued at $40,000 after buying an additional 10 shares during the period. Finally, Steph & Co. purchased a new stake in White Mountains Insurance Group during the 2nd quarter valued at $47,000. Institutional investors own 88.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

White Mountains Insurance Group Trading Down 1.3%

Shares of NYSE WTM opened at $1,895.95 on Friday. White Mountains Insurance Group, Ltd. has a 1 year low of $1,648.00 and a 1 year high of $2,023.00. The stock has a market cap of $4.89 billion, a P/E ratio of 23.75 and a beta of 0.31. The firm has a 50-day moving average of $1,789.83 and a 200 day moving average of $1,786.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81.

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.