Prospector Partners LLC Cuts Position in White Mountains Insurance Group, Ltd. $WTM

Prospector Partners LLC trimmed its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 7.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,783 shares of the insurance provider’s stock after selling 293 shares during the period. Prospector Partners LLC owned approximately 0.15% of White Mountains Insurance Group worth $6,323,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Cooke & Bieler LP increased its position in White Mountains Insurance Group by 40.5% during the 3rd quarter. Cooke & Bieler LP now owns 107,851 shares of the insurance provider’s stock valued at $180,275,000 after buying an additional 31,070 shares in the last quarter. Boston Partners grew its stake in shares of White Mountains Insurance Group by 4.9% in the second quarter. Boston Partners now owns 89,394 shares of the insurance provider’s stock worth $160,471,000 after acquiring an additional 4,158 shares during the last quarter. State Street Corp increased its holdings in shares of White Mountains Insurance Group by 4.2% during the second quarter. State Street Corp now owns 57,241 shares of the insurance provider’s stock valued at $102,789,000 after acquiring an additional 2,297 shares in the last quarter. Geode Capital Management LLC raised its position in shares of White Mountains Insurance Group by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 42,529 shares of the insurance provider’s stock worth $76,384,000 after purchasing an additional 343 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of White Mountains Insurance Group by 7.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 31,698 shares of the insurance provider’s stock worth $52,318,000 after purchasing an additional 2,113 shares during the last quarter. 88.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of White Mountains Insurance Group in a research note on Monday, December 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

White Mountains Insurance Group Trading Down 1.2%

White Mountains Insurance Group stock opened at $2,203.06 on Thursday. White Mountains Insurance Group, Ltd. has a one year low of $1,648.00 and a one year high of $2,246.88. The business’s fifty day moving average is $2,082.44 and its 200 day moving average is $1,938.82. The stock has a market capitalization of $5.60 billion, a PE ratio of 5.10 and a beta of 0.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.75 and a quick ratio of 0.75.

White Mountains Insurance Group (NYSE:WTM) last issued its earnings results on Friday, February 6th. The insurance provider reported $39.77 earnings per share for the quarter, missing analysts’ consensus estimates of $379.45 by ($339.68). The business had revenue of $674.40 million during the quarter. White Mountains Insurance Group had a return on equity of 8.41% and a net margin of 29.62%.

Insider Buying and Selling at White Mountains Insurance Group

In related news, Director Philip A. Gelston sold 165 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $2,048.51, for a total transaction of $338,004.15. Following the transaction, the director owned 1,568 shares in the company, valued at $3,212,063.68. This represents a 9.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is owned by insiders.

White Mountains Insurance Group Company 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.