The Director of White Mountains Insurance Group, Ltd. (NYSE:WTM – Get Rating) Peter M. Carlson sold 200 shares of the company’s stock in a transaction that took place Tuesday, September 20th. The shares were sold at an average price of $1,400.00 for a total value of $280,000.00. Following the sale, the director now directly owns 788 shares of the company valued at $1,103,200. The transaction was disclosed in a filing with the SEC available at this link.
White Mountains Insurance Group stock down 8.3%
WTM fell $113.94 during Thursday trading to hit $1,252.85. 41,300 shares of the company were exchanged compared to an average volume of 16,212. The company has a 50-day moving average of $1,307.56 and a 200-day moving average of $1,205.10. The company has a leverage ratio of 0.18, a current ratio of 0.69 and a quick ratio of 0.69. The White Mountains Insurance Group, Ltd. has a 52-week low of $978.51 and a 52-week high of $1,393.48.
Institutional inflows and outflows
A number of institutional investors have recently increased or reduced their stakes in WTM. Raymond James Financial Services Advisors Inc. increased its holding in White Mountains Insurance Group by 10.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 235 shares of the insurance provider, valued at $238,000, after buying another 23 shares last quarter. The Teacher Retirement System of Texas increased its stake in White Mountains Insurance Group stock by 19.8% in the fourth quarter. Teacher Retirement System of Texas now owns 600 shares of the insurance provider, valued at $608,000, after purchasing an additional 99 shares last quarter. Rhumbline Advisers increased its stake in White Mountains Insurance Group by 0.8% in the fourth quarter. Rhumbline Advisers now owns 4,961 shares of the insurance provider, valued at $5,030,000, after purchasing an additional 40 shares last quarter. Ensign Peak Advisors Inc bought a new position in White Mountains Insurance Group stock valued at $81,000 during the fourth quarter. Finally, Renaissance Technologies LLC increased its stake in White Mountains Insurance Group stock by 6.5% during the fourth quarter. Renaissance Technologies LLC now owns 13,100 shares of the insurance provider worth $13,282,000 after purchasing an additional 800 shares last quarter. 91.36% of the shares are currently owned by institutional investors.
Changes in analyst ratings
Several equity analysts have recently published reports on the company. StockNews.com raised White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research report on Monday, August 29. TheStreet downgraded White Mountains Insurance Group from a “b-” rating to a “c” rating in a research report on Monday, August 29.
Company Profile of White Mountains Insurance Group
The White Mountains Insurance Group, Ltd. provides insurance and other financial services in the United States through its subsidiaries. The Company operates through five segments: HG Global/BAM, Ark, NSM, Kudu and Other Operations. The HG Global/BAM segment provides insurance and reinsurance protection services for municipal bonds issued to finance public purposes such as schools, utilities and transportation.
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