Wells Fargo & Company MN boosted its position in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 9.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,156 shares of the insurance provider’s stock after acquiring an additional 4,560 shares during the quarter. Wells Fargo & Company MN owned 1.47% of White Mountains Insurance Group worth $47,268,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WTM. Fiduciary Management Inc. WI raised its holdings in White Mountains Insurance Group by 41.2% in the second quarter. Fiduciary Management Inc. WI now owns 71,448 shares of the insurance provider’s stock valued at $62,062,000 after acquiring an additional 20,835 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in White Mountains Insurance Group during the second quarter worth approximately $10,510,000. State Street Corp raised its holdings in White Mountains Insurance Group by 19.8% during the second quarter. State Street Corp now owns 72,279 shares of the insurance provider’s stock worth $62,785,000 after purchasing an additional 11,953 shares in the last quarter. Pax World Management LLC raised its holdings in White Mountains Insurance Group by 51.3% during the second quarter. Pax World Management LLC now owns 31,505 shares of the insurance provider’s stock worth $27,366,000 after purchasing an additional 10,688 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in White Mountains Insurance Group by 34.5% during the second quarter. Renaissance Technologies LLC now owns 41,300 shares of the insurance provider’s stock worth $35,874,000 after purchasing an additional 10,600 shares in the last quarter. 81.93% of the stock is currently owned by hedge funds and other institutional investors.

White Mountains Insurance Group, Ltd. (NYSE:WTM) traded down $0.06 during mid-day trading on Monday, reaching $868.21. 15,100 shares of the company’s stock were exchanged, compared to its average volume of 18,924. White Mountains Insurance Group, Ltd. has a 12 month low of $832.10 and a 12 month high of $948.94. The firm has a market capitalization of $3,255.76, a PE ratio of 80.46 and a beta of 0.53.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings data on Wednesday, November 8th. The insurance provider reported $5.36 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter. sell-side analysts predict that White Mountains Insurance Group, Ltd. will post -7.55 EPS for the current fiscal year.

White Mountains Insurance Group declared that its Board of Directors has initiated a share repurchase program on Thursday, August 17th that allows the company to buyback 500,000 outstanding shares. This buyback authorization allows the insurance provider to purchase shares of its stock through a dutch auction. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

A number of analysts have weighed in on WTM shares. Zacks Investment Research cut shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. ValuEngine raised shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, September 1st.

In other news, Director Angelo Michael Frinquelli sold 100 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $875.00, for a total transaction of $87,500.00. Following the transaction, the director now directly owns 1,641 shares in the company, valued at $1,435,875. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.10% of the company’s stock.

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White Mountains Insurance Group Company 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).

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

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