30,219 Shares in White Mountains Insurance Group Ltd (WTM) Acquired by Norges Bank

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Norges Bank acquired a new stake in shares of White Mountains Insurance Group Ltd (NYSE:WTM) in the 4th quarter, Holdings Channel reports. The firm acquired 30,219 shares of the insurance provider’s stock, valued at approximately $25,919,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. MML Investors Services LLC lifted its stake in White Mountains Insurance Group by 4.0% during the 4th quarter. MML Investors Services LLC now owns 419 shares of the insurance provider’s stock valued at $359,000 after acquiring an additional 16 shares during the period. Neuberger Berman Group LLC lifted its stake in White Mountains Insurance Group by 1.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,486 shares of the insurance provider’s stock valued at $1,391,000 after acquiring an additional 17 shares during the period. ETF Managers Group LLC lifted its stake in White Mountains Insurance Group by 15.4% during the 4th quarter. ETF Managers Group LLC now owns 157 shares of the insurance provider’s stock valued at $135,000 after acquiring an additional 21 shares during the period. IFP Advisors Inc lifted its stake in White Mountains Insurance Group by 29.7% during the 4th quarter. IFP Advisors Inc now owns 96 shares of the insurance provider’s stock valued at $82,000 after acquiring an additional 22 shares during the period. Finally, Two Sigma Securities LLC lifted its stake in White Mountains Insurance Group by 9.6% during the 4th quarter. Two Sigma Securities LLC now owns 250 shares of the insurance provider’s stock valued at $214,000 after acquiring an additional 22 shares during the period. Institutional investors and hedge funds own 87.52% of the company’s stock.

Shares of NYSE WTM opened at $913.44 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.07. White Mountains Insurance Group Ltd has a 12 month low of $832.88 and a 12 month high of $980.89. The company has a market cap of $2.91 billion, a price-to-earnings ratio of -87.08 and a beta of 0.47.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings data on Wednesday, February 6th. The insurance provider reported $0.19 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.97). The business had revenue of $11.60 million for the quarter. White Mountains Insurance Group had a negative net margin of 38.26% and a positive return on equity of 0.15%.

The company also recently announced an annual dividend, which was paid on Wednesday, March 27th. Stockholders of record on Monday, March 18th were issued a dividend of $1.00 per share. This represents a dividend yield of 0.11%. The ex-dividend date was Friday, March 15th. White Mountains Insurance Group’s dividend payout ratio (DPR) is -9.53%.

In other news, EVP Robert Lawrence Seelig sold 2,000 shares of White Mountains Insurance Group stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $954.29, for a total transaction of $1,908,580.00. Following the completion of the transaction, the executive vice president now directly owns 15,593 shares of the company’s stock, valued at approximately $14,880,243.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Morgan W. Davis sold 354 shares of White Mountains Insurance Group stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $912.90, for a total transaction of $323,166.60. Following the transaction, the director now directly owns 6,639 shares of the company’s stock, valued at $6,060,743.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,898 shares of company stock valued at $10,057,831. Insiders own 4.00% of the company’s stock.

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White Mountains Insurance Group Profile

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurances services in the United States. The company operates through four segments: HG Global/BAM, NSM, MediaAlpha 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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Want to see what other hedge funds are holding WTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for White Mountains Insurance Group Ltd (NYSE:WTM).

Institutional Ownership by Quarter for White Mountains Insurance Group (NYSE:WTM)

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