Truist Financial Corp cut its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM – Get Rating) by 9.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,463 shares of the insurance provider’s stock after selling 156 shares during the quarter. Truist Financial Corp owned approximately 0.05% of White Mountains Insurance Group worth $1,906,000 at the end of the most recent reporting period.
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Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its stake in White Mountains Insurance Group by 109.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 23 shares of the insurance provider’s stock valued at $30,000 after buying an additional 12 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in White Mountains Insurance Group in the 2nd quarter valued at about $30,000. Ronald Blue Trust Inc. purchased a new position in White Mountains Insurance Group in the 2nd quarter valued at about $47,000. Sageworth Trust Co of South Dakota lifted its stake in White Mountains Insurance Group by 100.0% in the 2nd quarter. Sageworth Trust Co of South Dakota now owns 42 shares of the insurance provider’s stock worth $52,000 after purchasing an additional 21 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in White Mountains Insurance Group in the 1st quarter worth approximately $70,000. 87.79% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at White Mountains Insurance Group
In related news, CAO Michaela Hildreth sold 100 shares of White Mountains Insurance Group stock in a transaction that occurred on Thursday, December 22nd. The shares were sold at an average price of $1,371.84, for a total value of $137,184.00. Following the completion of the sale, the chief accounting officer now owns 1,463 shares in the company, valued at approximately $2,007,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.57% of the stock is owned by insiders.
White Mountains Insurance Group Stock Up 0.7 %
WTM stock opened at $1,436.42 on Tuesday. The firm has a market cap of $3.70 billion, a PE ratio of 5.28 and a beta of 0.38. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s 50 day moving average price is $1,371.62 and its 200-day moving average price is $1,332.42. White Mountains Insurance Group, Ltd. has a one year low of $982.60 and a one year high of $1,450.36.
White Mountains Insurance Group (NYSE:WTM – Get Rating) last released its quarterly earnings results on Monday, November 7th. The insurance provider reported $8.50 EPS for the quarter. The firm had revenue of $431.20 million for the quarter. White Mountains Insurance Group had a net margin of 67.76% and a return on equity of 0.56%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on WTM shares. TheStreet raised shares of White Mountains Insurance Group from a “c” rating to a “b-” rating in a research note on Tuesday, November 15th. StockNews.com lowered shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, November 11th.
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 five segments: HG Global/BAM, Ark, NSM, Kudu, and Other Operations. 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.
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