Allspring Global Investments Holdings LLC decreased its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM – Get Rating) by 42.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 709 shares of the insurance provider's stock after selling 532 shares during the period. Allspring Global Investments Holdings LLC's holdings in White Mountains Insurance Group were worth $883,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Quent Capital LLC raised its position in White Mountains Insurance Group by 26.8% during the first quarter. Quent Capital LLC now owns 52 shares of the insurance provider's stock valued at $59,000 after purchasing an additional 11 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of White Mountains Insurance Group during the first quarter valued at about $70,000. US Bancorp DE grew its stake in shares of White Mountains Insurance Group by 29.1% during the first quarter. US Bancorp DE now owns 133 shares of the insurance provider's stock valued at $151,000 after buying an additional 30 shares during the last quarter. Investment Management of Virginia LLC bought a new stake in shares of White Mountains Insurance Group in the first quarter worth about $206,000. Finally, HighTower Advisors LLC bought a new stake in shares of White Mountains Insurance Group in the first quarter worth about $211,000. Hedge funds and other institutional investors own 91.36% of the company's stock.
Get White Mountains Insurance Group alerts:Wall Street Analyst Weigh In
Several analysts recently issued reports on WTM shares. StockNews.com cut White Mountains Insurance Group from a "hold" rating to a "sell" rating in a research note on Monday, October 10th. TheStreet cut White Mountains Insurance Group from a "b-" rating to a "c" rating in a research report on Monday, August 29th.
Insider Buying and Selling at White Mountains Insurance Group
In other White Mountains Insurance Group news, Director Peter M. Carlson sold 200 shares of White Mountains Insurance Group stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $1,400.00, for a total transaction of $280,000.00. Following the completion of the transaction, the director now owns 788 shares in the company, valued at $1,103,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.57% of the stock is owned by company insiders.White Mountains Insurance Group Trading Down 0.9 %
NYSE WTM opened at $1,350.02 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.18. White Mountains Insurance Group, Ltd. has a twelve month low of $978.51 and a twelve month high of $1,397.60. The firm has a market capitalization of $3.92 billion, a PE ratio of -8.71 and a beta of 0.40. The stock's 50 day moving average is $1,338.37 and its 200 day moving average is $1,242.81.
White Mountains Insurance Group (NYSE:WTM – Get Rating) last released its quarterly earnings results on Monday, August 8th. The insurance provider reported ($23.83) earnings per share for the quarter. The company had revenue of $294.30 million during the quarter.
White Mountains Insurance Group Profile
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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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