American Century Companies Inc. Sells 671 Shares of White Mountains Insurance Group, Ltd. $WTM

American Century Companies Inc. reduced its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 9.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,365 shares of the insurance provider’s stock after selling 671 shares during the quarter. American Century Companies Inc. owned 0.25% of White Mountains Insurance Group worth $11,430,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Fifth Third Bancorp raised its holdings 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 worth $31,000 after buying an additional 11 shares during the period. Geneos Wealth Management Inc. boosted its stake in White Mountains Insurance Group by 325.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 13 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of White Mountains Insurance Group by 90.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 21 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 10 shares in the last quarter. Steph & Co. acquired a new position in shares of White Mountains Insurance Group during the second quarter worth about $47,000. Finally, CWM LLC boosted its position in shares of White Mountains Insurance Group by 34.8% during the second quarter. CWM LLC now owns 31 shares of the insurance provider’s stock worth $56,000 after buying an additional 8 shares during the period. Institutional investors own 88.65% of the company’s stock.

White Mountains Insurance Group Price Performance

Shares of WTM opened at $2,034.11 on Friday. The company’s fifty day simple moving average is $1,904.78 and its 200 day simple moving average is $1,828.49. White Mountains Insurance Group, Ltd. has a 1-year low of $1,648.00 and a 1-year high of $2,050.90. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 37.43 and a beta of 0.36. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.14.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings data on Thursday, November 6th. The insurance provider reported $72.21 earnings per share for the quarter, topping the consensus estimate of $57.00 by $15.21. White Mountains Insurance Group had a net margin of 5.63% and a return on equity of 7.19%. The company had revenue of $864.20 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of White Mountains Insurance Group in a research report on Monday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

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.