White Mountains Insurance Group (WTM) Sets New 12-Month High at $993.70

White Mountains Insurance Group Ltd (NYSE:WTM)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $993.70 and last traded at $978.71, with a volume of 1725 shares trading hands. The stock had previously closed at $955.87.

The stock has a market cap of $3.10 billion, a PE ratio of -92.16 and a beta of 0.46. The company has a quick ratio of 1.41, a current ratio of 1.52 and a debt-to-equity ratio of 0.07.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings results on Wednesday, February 6th. The insurance provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.97). The firm had revenue of $11.60 million for the quarter. White Mountains Insurance Group had a net margin of 25.14% and a negative return on equity of 0.69%.

In other news, Director Morgan W. Davis sold 354 shares of the stock in a transaction on Tuesday, April 16th. The stock was 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 approximately $6,060,743.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert Lawrence Seelig sold 1,083 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $977.98, for a total value of $1,059,152.34. Following the transaction, the executive vice president now directly owns 13,523 shares in the company, valued at $13,225,223.54. The disclosure for this sale can be found here. Insiders have sold a total of 13,231 shares of company stock worth $12,264,754 over the last three months. Insiders own 2.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC bought a new position in shares of White Mountains Insurance Group in the 1st quarter valued at about $210,000. Rockefeller Capital Management L.P. bought a new position in shares of White Mountains Insurance Group in the 1st quarter valued at about $118,000. AJO LP bought a new position in shares of White Mountains Insurance Group in the 1st quarter valued at about $2,002,000. Swiss National Bank lifted its holdings in shares of White Mountains Insurance Group by 1.8% in the 1st quarter. Swiss National Bank now owns 5,746 shares of the insurance provider’s stock valued at $5,318,000 after acquiring an additional 100 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of White Mountains Insurance Group by 4.7% in the 1st quarter. Wells Fargo & Company MN now owns 65,205 shares of the insurance provider’s stock valued at $60,346,000 after acquiring an additional 2,951 shares during the last quarter. 86.67% of the stock is currently owned by hedge funds and other institutional investors.

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About White Mountains Insurance Group (NYSE:WTM)

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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