State Treasurer State of North Carolina increased its holdings in shares of White Mountains Insurance Group, Ltd. in the first quarter. (NYSE:WTM – Get Rating ) by 1.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,076 shares of the insurance provider’s stock after buying an additional 14 shares during the quarter. State of North Carolina Treasury’s holdings in White Mountains Insurance Group were worth $1,223,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new stake in shares of White Mountains Insurance Group during the 1st quarter worth about $322,000. Swiss National Bank raised its stake in shares of White Mountains Insurance Group by 4.4% during the first quarter. Swiss National Bank now owns 7,146 shares of the insurance provider’s stock worth $8,120,000 after purchasing an additional 300 shares during the period. Teacher Retirement System of Texas raised its stake in shares of White Mountains Insurance Group by 4.7% during the first quarter. Teacher Retirement System of Texas now owns 628 shares of the insurance provider’s stock worth $714,000 after purchasing an additional 28 shares during the period. M&T Bank Corp raised its stake in shares of White Mountains Insurance Group by 16.2% in the first quarter. M&T Bank Corp now owns 460 shares of the insurance provider’s stock worth $522,000 after purchasing an additional 64 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of White Mountains Insurance Group by 26.4% in the first quarter. New York State Common Retirement Fund now owns 8,076 shares of the insurance provider’s stock valued at $9,176,000 after buying an additional 1,687 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s shares.
Internal activity
In other news, CAO Michaela Hildreth sold 100 shares of the business’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $1,270.94, for a total transaction of $127,094.00. Following the completion of the transaction, the chief accounting officer now owns 1,563 shares of the company’s stock, valued at $1,986,479.22. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.57% of the company’s stock.
Analyst upgrades and downgrades
A number of brokerages recently issued reports on WTM. TheStreet upgraded shares of White Mountains Insurance Group from a “c” rating to a “b-” rating in a research note on Monday, June 6th. StockNews.com cut shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th.
White Mountains Insurance Group stock performance
Shares of White Mountains Insurance Group stock opened at $1,305.13 on Monday. White Mountains Insurance Group, Ltd. it has a 12-month low of $978.51 and a 12-month high of $1,310.27. The company has a market cap of $3.79 billion, a PE ratio of -8.42 and a beta of 0.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.69, and a quick ratio of 0.69. The company has a fifty day moving average price of $1,249.51 and a two hundred day moving average price of $1,155.08.
About White Mountains Insurance Group
(Get rating)
White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates in five segments: HG Global/BAM, Ark, NSM, Kudu and Other Operations. The HG Global/BAM segment provides insurance for municipal bonds issued to finance public purposes, such as schools, utilities and transportation facilities, as well as reinsurance protection services.
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