White Mountains Insurance Group, Ltd. (NYSE:WTM) Stake Lowered by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 4.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,405 shares of the insurance provider’s stock after selling 62 shares during the period. Oppenheimer Asset Management Inc. owned 0.05% of White Mountains Insurance Group worth $2,521,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WTM. Allworth Financial LP purchased a new position in shares of White Mountains Insurance Group during the 4th quarter valued at $26,000. Montag A & Associates Inc. purchased a new position in shares of White Mountains Insurance Group during the 4th quarter valued at $29,000. GAMMA Investing LLC purchased a new position in shares of White Mountains Insurance Group during the 4th quarter valued at $33,000. Fidelis Capital Partners LLC purchased a new position in shares of White Mountains Insurance Group during the 1st quarter valued at $34,000. Finally, UMB Bank n.a. grew its holdings in shares of White Mountains Insurance Group by 53.8% during the 1st quarter. UMB Bank n.a. now owns 20 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 7 shares in the last quarter. 88.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

White Mountains Insurance Group Stock Down 0.8 %

Shares of WTM stock traded down $14.50 on Friday, hitting $1,717.50. The company’s stock had a trading volume of 8,434 shares, compared to its average volume of 21,235. 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, Ltd. has a fifty-two week low of $1,401.01 and a fifty-two week high of $1,899.21. The firm’s fifty day moving average price is $1,770.07 and its 200-day moving average price is $1,716.26. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 7.77 and a beta of 0.44.

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

Insiders Place Their Bets

In other White Mountains Insurance Group news, major shareholder Mountains Insurance Grou White sold 5,000,200 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $19.00, for a total transaction of $95,003,800.00. Following the completion of the transaction, the insider now owns 17,856,614 shares of the company’s stock, valued at approximately $339,275,666. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.00% of the company’s stock.

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.