Boston Partners Has $162.42 Million Stake in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Boston Partners trimmed its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 2.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,594 shares of the insurance provider’s stock after selling 1,958 shares during the quarter. Boston Partners’ holdings in White Mountains Insurance Group were worth $162,424,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WTM. Blue Trust Inc. raised its position in White Mountains Insurance Group by 38.1% in the 4th quarter. Blue Trust Inc. now owns 29 shares of the insurance provider’s stock valued at $43,000 after buying an additional 8 shares during the last quarter. Allworth Financial LP purchased a new stake in White Mountains Insurance Group in the 4th quarter valued at $26,000. Allspring Global Investments Holdings LLC purchased a new stake in White Mountains Insurance Group in the 4th quarter valued at $17,229,000. Sequoia Financial Advisors LLC raised its position in White Mountains Insurance Group by 167.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 525 shares of the insurance provider’s stock valued at $790,000 after buying an additional 329 shares during the last quarter. Finally, Cerity Partners LLC raised its position in White Mountains Insurance Group by 2.8% in the 4th quarter. Cerity Partners LLC now owns 1,526 shares of the insurance provider’s stock valued at $2,297,000 after buying an additional 42 shares during the last quarter. 88.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at White Mountains Insurance Group

In other White Mountains Insurance Group news, major shareholder Mountains Insurance Grou White sold 5,000,200 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $19.00, for a total value of $95,003,800.00. Following the completion of the transaction, the insider now owns 17,856,614 shares in the company, valued at approximately $339,275,666. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th.

White Mountains Insurance Group Stock Performance

Shares of White Mountains Insurance Group stock traded up $21.35 during trading hours on Friday, hitting $1,803.36. 8,157 shares of the company’s stock traded hands, compared to its average volume of 11,316. White Mountains Insurance Group, Ltd. has a 12-month low of $1,401.01 and a 12-month high of $1,899.21. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 8.16 and a beta of 0.44. The company has a fifty day simple moving average of $1,756.09 and a 200-day simple moving average of $1,741.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82.

White Mountains Insurance Group (NYSE:WTM) last announced its earnings results on Thursday, May 9th. The insurance provider reported $86.04 earnings per share (EPS) for the quarter. The firm had revenue of $394.90 million during the quarter. White Mountains Insurance Group had a return on equity of 8.34% and a net margin of 24.81%.

White Mountains Insurance Group Profile

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.