White Mountains Insurance Group Ltd (WTM) Director Morgan W. Davis Sells 350 Shares

White Mountains Insurance Group Ltd (NYSE:WTM) Director Morgan W. Davis sold 350 shares of White Mountains Insurance Group stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $846.21, for a total transaction of $296,173.50. Following the transaction, the director now directly owns 20,790 shares of the company’s stock, valued at $17,592,705.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

White Mountains Insurance Group Ltd (NYSE WTM) traded up $2.21 during mid-day trading on Thursday, hitting $846.21. 17,600 shares of the company were exchanged, compared to its average volume of 18,986. White Mountains Insurance Group Ltd has a 52-week low of $832.10 and a 52-week high of $948.94. The stock has a market cap of $3,160.00, a PE ratio of 467.52 and a beta of 0.53.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings results on Wednesday, November 8th. The insurance provider reported $5.36 EPS for the quarter, topping analysts’ consensus estimates of ($3.41) by $8.77. White Mountains Insurance Group had a net margin of 69.96% and a return on equity of 1.32%. The firm had revenue of $16.20 million during the quarter. analysts anticipate that White Mountains Insurance Group Ltd will post -7.55 EPS for the current year.

A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. ValuEngine raised shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.

Several hedge funds have recently added to or reduced their stakes in WTM. Parametric Portfolio Associates LLC boosted its position in White Mountains Insurance Group by 2.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 22,481 shares of the insurance provider’s stock valued at $19,266,000 after buying an additional 599 shares during the period. Burgundy Asset Management Ltd. boosted its position in White Mountains Insurance Group by 6.0% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 9,185 shares of the insurance provider’s stock valued at $7,872,000 after buying an additional 519 shares during the period. Neuberger Berman Group LLC boosted its position in White Mountains Insurance Group by 7.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,347 shares of the insurance provider’s stock valued at $1,154,000 after buying an additional 89 shares during the period. Jane Street Group LLC boosted its position in White Mountains Insurance Group by 226.4% in the 3rd quarter. Jane Street Group LLC now owns 842 shares of the insurance provider’s stock valued at $722,000 after buying an additional 584 shares during the period. Finally, Atlanta Capital Management Co. L L C boosted its position in White Mountains Insurance Group by 2.1% in the 3rd quarter. Atlanta Capital Management Co. L L C now owns 75,116 shares of the insurance provider’s stock valued at $64,374,000 after buying an additional 1,529 shares during the period. 81.91% of the stock is owned by hedge funds and other institutional investors.

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White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a holding company. The Company’s principal businesses are conducted through its insurance subsidiaries and other affiliates. Its segments include HG Global/BAM and Other Operations. The HG Global/BAM segment consists of the operations of HG Global Ltd. (HG Global) and Build America Mutual Assurance Company (BAM).

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