Jennison Associates LLC trimmed its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 55.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,313 shares of the insurance provider’s stock after selling 38,604 shares during the period. Jennison Associates LLC owned approximately 0.84% of White Mountains Insurance Group worth $26,835,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado grew its position in shares of White Mountains Insurance Group by 2.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 137 shares of the insurance provider’s stock valued at $119,000 after buying an additional 3 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in White Mountains Insurance Group during the 2nd quarter worth $135,000. TLP Group LLC acquired a new stake in White Mountains Insurance Group during the 2nd quarter worth $174,000. Airain ltd acquired a new stake in White Mountains Insurance Group during the 2nd quarter worth $220,000. Finally, Intl Fcstone Inc. acquired a new stake in White Mountains Insurance Group during the 2nd quarter worth $221,000.

Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) opened at $878.69 on Thursday. White Mountains Insurance Group, Ltd. has a 52 week low of $821.15 and a 52 week high of $948.94. The company has a market cap of $3,309.61, a price-to-earnings ratio of 81.79 and a beta of 0.54.

White Mountains Insurance Group (NYSE:WTM) last released its earnings results on Wednesday, November 8th. The insurance provider reported $5.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.41) by $8.77. White Mountains Insurance Group had a net margin of 69.96% and a return on equity of 1.32%. The company had revenue of $16.20 million during the quarter. research analysts forecast that White Mountains Insurance Group, Ltd. will post -7.55 earnings per share for the current year.

White Mountains Insurance Group declared that its Board of Directors has initiated a share buyback plan on Thursday, August 17th that authorizes the company to repurchase 500,000 shares. This repurchase authorization authorizes the insurance provider to reacquire shares of its stock through a dutch auction. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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A number of analysts recently weighed in on WTM shares. Zacks Investment Research upgraded shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. ValuEngine upgraded shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.

White Mountains Insurance Group Profile

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 HG Global/BAM and Other Operations. The HG Global/BAM segment consists of the operations of HG Global Ltd. (HG Global) and Build America Mutual Assurance Company (BAM).

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

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