Geode Capital Management LLC Sells 572 Shares of White Mountains Insurance Group, Ltd. $WTM

Geode Capital Management LLC lessened its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,518 shares of the insurance provider’s stock after selling 572 shares during the period. Geode Capital Management LLC’s holdings in White Mountains Insurance Group were worth $86,296,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in White Mountains Insurance Group by 86.1% in the third quarter. JPMorgan Chase & Co. now owns 4,322 shares of the insurance provider’s stock valued at $7,224,000 after acquiring an additional 1,999 shares during the last quarter. Mraz Amerine & Associates Inc. grew its position in White Mountains Insurance Group by 4.8% in the third quarter. Mraz Amerine & Associates Inc. now owns 22,606 shares of the insurance provider’s stock valued at $37,787,000 after acquiring an additional 1,030 shares during the last quarter. Triad Investment Management bought a new position in White Mountains Insurance Group in the fourth quarter valued at about $5,294,000. Handelsbanken Fonder AB grew its position in White Mountains Insurance Group by 83.3% in the third quarter. Handelsbanken Fonder AB now owns 1,100 shares of the insurance provider’s stock valued at $1,839,000 after acquiring an additional 500 shares during the last quarter. Finally, Cove Street Capital LLC grew its position in White Mountains Insurance Group by 128.5% in the third quarter. Cove Street Capital LLC now owns 1,083 shares of the insurance provider’s stock valued at $1,810,000 after acquiring an additional 609 shares during the last quarter. Institutional investors own 88.65% of the company’s stock.

White Mountains Insurance Group Price Performance

White Mountains Insurance Group stock opened at $2,066.96 on Monday. The stock’s 50 day moving average is $2,179.04 and its 200 day moving average is $2,127.66. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $5.12 billion, a P/E ratio of 5.08 and a beta of 0.29. White Mountains Insurance Group, Ltd. has a one year low of $1,648.00 and a one year high of $2,333.00.

White Mountains Insurance Group (NYSE:WTM) last issued its quarterly earnings results on Wednesday, May 6th. The insurance provider reported ($12.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.00) by ($8.59). White Mountains Insurance Group had a net margin of 28.44% and a return on equity of 9.19%. The business had revenue of $517.80 million during the quarter, compared to analyst estimates of $515.40 million. As a group, research analysts expect that White Mountains Insurance Group, Ltd. will post 115 EPS for the current year.

Analyst Upgrades and Downgrades

WTM has been the topic of a number of recent analyst reports. Zacks Research upgraded White Mountains Insurance Group to a “hold” rating in a research report on Wednesday, May 27th. Weiss Ratings cut White Mountains Insurance Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen cut White Mountains Insurance Group from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based diversified insurance and financial services holding company organized in 1985 and headquartered in Hamilton, Bermuda. The company operates through a portfolio of insurance, reinsurance and specialty finance businesses, offering a blend of underwriting expertise and investment management to institutional clients worldwide. As a publicly traded entity on the New York Stock Exchange (NYSE: WTM), White Mountains seeks to generate long-term shareholder value by combining disciplined capital management with strategic acquisitions and organic growth initiatives.

Through its principal operating subsidiaries—most notably Sirius International Insurance Group, Ltd.