BlackRock Inc. reduced its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,320 shares of the insurance provider’s stock after selling 3,185 shares during the period. BlackRock Inc. owned approximately 4.09% of White Mountains Insurance Group worth $160,105,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WTM. Wells Fargo & Company MN boosted its holdings in shares of White Mountains Insurance Group by 37.9% in the second quarter. Wells Fargo & Company MN now owns 50,596 shares of the insurance provider’s stock worth $43,950,000 after acquiring an additional 13,894 shares during the period. Vanguard Group Inc. boosted its holdings in shares of White Mountains Insurance Group by 4.6% in the first quarter. Vanguard Group Inc. now owns 314,214 shares of the insurance provider’s stock worth $276,471,000 after acquiring an additional 13,717 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of White Mountains Insurance Group by 74.4% in the first quarter. Renaissance Technologies LLC now owns 30,700 shares of the insurance provider’s stock worth $27,012,000 after acquiring an additional 13,100 shares during the period. Pax World Management LLC boosted its holdings in shares of White Mountains Insurance Group by 51.3% in the second quarter. Pax World Management LLC now owns 31,505 shares of the insurance provider’s stock worth $27,366,000 after acquiring an additional 10,688 shares during the period. Finally, Pegasus Partners Ltd. bought a new position in shares of White Mountains Insurance Group in the second quarter worth $4,006,000.

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A number of equities analysts have recently commented on the company. ValuEngine raised White Mountains Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered White Mountains Insurance Group from a “hold” rating to a “sell” rating in a report on Thursday.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings data on Friday, August 4th. The insurance provider reported $2.78 EPS for the quarter, topping the consensus estimate of $1.12 by $1.66. The firm had revenue of $18.50 million during the quarter, compared to analyst estimates of $299.20 million. White Mountains Insurance Group had a return on equity of 1.01% and a net margin of 9.80%.

White Mountains Insurance Group announced that its board has approved a stock repurchase program on Thursday, August 17th that authorizes the company to repurchase 500,000 shares. This repurchase authorization authorizes the insurance provider to repurchase shares of its stock through a dutch auction. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is a holding company. The Company’s principal businesses are conducted through its insurance subsidiaries and other affiliates. Its segments include OneBeacon, HG Global/BAM and Other Operations. The OneBeacon segment consists of the operations of OneBeacon Insurance Group, Ltd.

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

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