White Mountains Insurance Group, Ltd. (NYSE:WTM) Shares Sold by Raymond James & Associates

Raymond James & Associates reduced its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 4.2% during the 3rd quarter, Holdings Channel reports. The fund owned 21,743 shares of the insurance provider’s stock after selling 945 shares during the quarter. Raymond James & Associates’ holdings in White Mountains Insurance Group were worth $36,880,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. O Shaughnessy Asset Management LLC raised its stake in shares of White Mountains Insurance Group by 0.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,038 shares of the insurance provider’s stock valued at $1,862,000 after acquiring an additional 7 shares in the last quarter. Main Street Financial Solutions LLC raised its stake in shares of White Mountains Insurance Group by 0.7% in the second quarter. Main Street Financial Solutions LLC now owns 999 shares of the insurance provider’s stock valued at $1,816,000 after acquiring an additional 7 shares in the last quarter. UMB Bank n.a. raised its stake in shares of White Mountains Insurance Group by 40.0% in the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 8 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in White Mountains Insurance Group by 250.0% in the second quarter. Hexagon Capital Partners LLC now owns 14 shares of the insurance provider’s stock valued at $25,000 after buying an additional 10 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in White Mountains Insurance Group by 1.6% in the second quarter. Arizona State Retirement System now owns 715 shares of the insurance provider’s stock valued at $1,299,000 after buying an additional 11 shares in the last quarter. 88.65% of the stock is currently owned by institutional investors and hedge funds.

White Mountains Insurance Group Stock Down 0.6 %

White Mountains Insurance Group stock opened at $1,831.98 on Thursday. White Mountains Insurance Group, Ltd. has a 1-year low of $1,401.01 and a 1-year high of $1,899.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $4.70 billion, a PE ratio of 8.29 and a beta of 0.43. The stock’s fifty day moving average is $1,775.18 and its two-hundred day moving average is $1,763.63.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings results on Wednesday, August 7th. The insurance provider reported ($2.74) earnings per share for the quarter. White Mountains Insurance Group had a net margin of 21.40% and a return on equity of 7.62%. The business had revenue of $455.60 million during the quarter.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services.