White Mountains Insurance Group, Ltd. (NYSE:WTM) Sees Significant Decline in Short Interest

White Mountains Insurance Group, Ltd. (NYSE:WTM) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 69,433 shares, a drop of 14.7% from the January 29th total of 81,413 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average daily trading volume, of 17,824 shares, the days-to-cover ratio is presently 3.9 days. Based on an average daily trading volume, of 17,824 shares, the days-to-cover ratio is presently 3.9 days. Currently, 2.8% of the company’s stock are short sold.

Insider Activity at White Mountains Insurance Group

In related news, Director Philip A. Gelston sold 165 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $2,048.51, for a total transaction of $338,004.15. Following the sale, the director directly owned 1,568 shares in the company, valued at approximately $3,212,063.68. This represents a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of White Mountains Insurance Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its position in shares of White Mountains Insurance Group by 19.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 163 shares of the insurance provider’s stock valued at $314,000 after purchasing an additional 27 shares during the period. NewEdge Advisors LLC increased its position in White Mountains Insurance Group by 17.2% during the first quarter. NewEdge Advisors LLC now owns 170 shares of the insurance provider’s stock worth $327,000 after buying an additional 25 shares during the period. Goldman Sachs Group Inc. lifted its stake in White Mountains Insurance Group by 54.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,259 shares of the insurance provider’s stock valued at $8,202,000 after buying an additional 1,504 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of White Mountains Insurance Group by 11.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,287 shares of the insurance provider’s stock valued at $21,737,000 after acquiring an additional 1,183 shares during the period. Finally, Jane Street Group LLC grew its position in shares of White Mountains Insurance Group by 101.4% during the first quarter. Jane Street Group LLC now owns 578 shares of the insurance provider’s stock worth $1,113,000 after acquiring an additional 291 shares during the last quarter. Institutional investors and hedge funds own 88.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b+)” rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

White Mountains Insurance Group Price Performance

WTM stock opened at $2,189.73 on Friday. The business has a 50 day moving average price of $2,116.58 and a 200 day moving average price of $1,970.04. The company has a quick ratio of 0.75, a current ratio of 0.89 and a debt-to-equity ratio of 0.14. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 5.06 and a beta of 0.32. White Mountains Insurance Group has a fifty-two week low of $1,648.00 and a fifty-two week high of $2,264.70.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings data on Friday, February 6th. The insurance provider reported $39.77 earnings per share for the quarter, missing analysts’ consensus estimates of $379.45 by ($339.68). White Mountains Insurance Group had a return on equity of 8.12% and a net margin of 29.62%.The company had revenue of $1.60 billion for the quarter.

White Mountains Insurance Group Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Wednesday, March 25th. Investors of record on Monday, March 16th will be given a $1.00 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a yield of 4.0%. White Mountains Insurance Group’s payout ratio is 0.23%.

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.