Bradley Foster & Sargent Inc. CT reduced its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM – Free Report) by 63.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,002 shares of the insurance provider’s stock after selling 3,454 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in White Mountains Insurance Group were worth $4,398,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. River Road Asset Management LLC raised its holdings in White Mountains Insurance Group by 10.3% in the 4th quarter. River Road Asset Management LLC now owns 120,880 shares of the insurance provider’s stock worth $251,192,000 after acquiring an additional 11,292 shares during the period. State Street Corp grew its position in shares of White Mountains Insurance Group by 4.2% in the second quarter. State Street Corp now owns 57,241 shares of the insurance provider’s stock valued at $102,789,000 after purchasing an additional 2,297 shares during the last quarter. Reinhart Partners LLC. grew its position in shares of White Mountains Insurance Group by 5.7% in the fourth quarter. Reinhart Partners LLC. now owns 43,973 shares of the insurance provider’s stock valued at $91,413,000 after purchasing an additional 2,364 shares during the last quarter. Gendell Jeffrey L bought a new position in shares of White Mountains Insurance Group in the fourth quarter worth about $67,578,000. Finally, Norges Bank bought a new position in shares of White Mountains Insurance Group in the fourth quarter worth about $66,879,000. 88.65% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. Zacks Research upgraded White Mountains Insurance Group to a “hold” rating in a research note on Wednesday, May 27th. Weiss Ratings downgraded White Mountains Insurance Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Finally, Wall Street Zen upgraded White Mountains Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, White Mountains Insurance Group currently has a consensus rating of “Moderate Buy”.
White Mountains Insurance Group Stock Up 0.1%
WTM stock opened at $2,209.32 on Monday. White Mountains Insurance Group, Ltd. has a twelve month low of $1,648.00 and a twelve month high of $2,333.00. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.14. The company has a market cap of $5.48 billion, a PE ratio of 5.43 and a beta of 0.29. The business’s 50-day simple moving average is $2,101.82 and its 200 day simple moving average is $2,145.07.
White Mountains Insurance Group (NYSE:WTM – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The insurance provider reported ($12.59) EPS for the quarter, missing the consensus estimate of ($4.00) by ($8.59). White Mountains Insurance Group had a net margin of 28.44% and a return on equity of 9.19%. The firm had revenue of $517.80 million during the quarter, compared to analyst estimates of $515.40 million. On average, research analysts anticipate that White Mountains Insurance Group, Ltd. will post 134 earnings per share for the current year.
White Mountains Insurance Group Profile
White Mountains Insurance Group, Ltd. is a Bermuda-based diversified insurance and financial services holding company organized in 1985 and headquartered in Hamilton, Bermuda. The company operates through a portfolio of insurance, reinsurance and specialty finance businesses, offering a blend of underwriting expertise and investment management to institutional clients worldwide. As a publicly traded entity on the New York Stock Exchange (NYSE: WTM), White Mountains seeks to generate long-term shareholder value by combining disciplined capital management with strategic acquisitions and organic growth initiatives.
Through its principal operating subsidiaries—most notably Sirius International Insurance Group, Ltd.
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