Bank of New York Mellon Corp Sells 1,710 Shares of White Mountains Insurance Group, Ltd. $WTM

Bank of New York Mellon Corp trimmed its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 13.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 10,860 shares of the insurance provider’s stock after selling 1,710 shares during the period. Bank of New York Mellon Corp’s holdings in White Mountains Insurance Group were worth $19,502,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Atria Wealth Solutions Inc. purchased a new position in White Mountains Insurance Group during the first quarter valued at $406,000. American Century Companies Inc. lifted its stake in White Mountains Insurance Group by 30.9% in the 1st quarter. American Century Companies Inc. now owns 7,036 shares of the insurance provider’s stock worth $13,550,000 after purchasing an additional 1,661 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of 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 purchasing an additional 11 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of White Mountains Insurance Group by 3.7% during the 1st quarter. Cetera Investment Advisers now owns 252 shares of the insurance provider’s stock valued at $485,000 after purchasing an additional 9 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in shares of White Mountains Insurance Group by 5.9% during the first quarter. Voya Investment Management LLC now owns 524 shares of the insurance provider’s stock valued at $1,009,000 after purchasing an additional 29 shares in the last quarter. Institutional investors own 88.65% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of White Mountains Insurance Group in a research report on Thursday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

White Mountains Insurance Group Price Performance

NYSE:WTM opened at $1,920.72 on Monday. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 24.06 and a beta of 0.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50 day simple moving average of $1,839.36 and a 200-day simple moving average of $1,809.77. White Mountains Insurance Group, Ltd. has a 1 year low of $1,648.00 and a 1 year high of $2,023.00.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings results on Thursday, November 6th. The insurance provider reported $72.21 earnings per share for the quarter, beating the consensus estimate of $57.00 by $15.21. The company had revenue of $864.20 million for the quarter. White Mountains Insurance Group had a return on equity of 9.17% and a net margin of 8.34%.

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.