Legal & General Group Plc Reduces Stock Holdings in White Mountains Insurance Group, Ltd. $WTM

Legal & General Group Plc reduced its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 25.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,037 shares of the insurance provider’s stock after selling 1,012 shares during the period. Legal & General Group Plc’s holdings in White Mountains Insurance Group were worth $6,311,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in WTM. M&T Bank Corp purchased a new stake in shares of White Mountains Insurance Group in the 4th quarter valued at $38,545,000. UBS Group AG boosted its holdings in shares of White Mountains Insurance Group by 141.1% in the 3rd quarter. UBS Group AG now owns 12,085 shares of the insurance provider’s stock valued at $20,200,000 after acquiring an additional 7,073 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in shares of White Mountains Insurance Group by 2,455.6% in the 3rd quarter. Susquehanna International Group LLP now owns 7,360 shares of the insurance provider’s stock valued at $12,302,000 after acquiring an additional 7,072 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in shares of White Mountains Insurance Group by 618.6% in the 3rd quarter. Gotham Asset Management LLC now owns 6,899 shares of the insurance provider’s stock valued at $11,532,000 after acquiring an additional 5,939 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of White Mountains Insurance Group by 950.3% in the 2nd quarter. Jane Street Group LLC now owns 6,071 shares of the insurance provider’s stock valued at $10,902,000 after acquiring an additional 5,493 shares during the last quarter. 88.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings downgraded shares of White Mountains Insurance Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, May 7th. Finally, Zacks Research raised shares of White Mountains Insurance Group to a “hold” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

White Mountains Insurance Group Stock Performance

Shares of NYSE WTM opened at $2,066.96 on Friday. The company’s fifty day moving average price is $2,179.04 and its 200 day moving average price is $2,126.08. White Mountains Insurance Group, Ltd. has a 1 year low of $1,648.00 and a 1 year high of $2,333.00. The company has a market capitalization of $5.13 billion, a PE ratio of 5.08 and a beta of 0.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 0.79.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings data 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). The company had revenue of $517.80 million for the quarter, compared to analysts’ expectations of $515.40 million. White Mountains Insurance Group had a net margin of 28.44% and a return on equity of 9.19%. On average, research analysts predict that White Mountains Insurance Group, Ltd. will post 115 earnings per share for the current year.

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.