Victory Capital Management Inc. Sells 2,814 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Victory Capital Management Inc. cut its position in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 19.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,437 shares of the insurance provider’s stock after selling 2,814 shares during the quarter. Victory Capital Management Inc. owned about 0.45% of White Mountains Insurance Group worth $20,786,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Equitable Trust Co. raised its stake in shares of White Mountains Insurance Group by 53.8% during the 2nd quarter. Equitable Trust Co. now owns 343 shares of the insurance provider’s stock valued at $623,000 after purchasing an additional 120 shares during the period. Lee Danner & Bass Inc. purchased a new position in White Mountains Insurance Group during the second quarter worth about $5,967,000. Allspring Global Investments Holdings LLC grew its position in White Mountains Insurance Group by 13.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 15,659 shares of the insurance provider’s stock worth $28,459,000 after buying an additional 1,820 shares in the last quarter. Bank of New York Mellon Corp grew its position in White Mountains Insurance Group by 9.4% during the second quarter. Bank of New York Mellon Corp now owns 10,868 shares of the insurance provider’s stock worth $19,752,000 after buying an additional 930 shares in the last quarter. Finally, Family Firm Inc. purchased a new position in White Mountains Insurance Group during the second quarter worth about $82,000. 88.65% of the stock is currently owned by institutional investors.

White Mountains Insurance Group Price Performance

White Mountains Insurance Group stock opened at $1,710.10 on Friday. White Mountains Insurance Group, Ltd. has a 52 week low of $1,401.01 and a 52 week high of $1,899.21. The business has a 50-day simple moving average of $1,753.85 and a 200 day simple moving average of $1,763.68. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 7.74 and a beta of 0.44.

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

White Mountains Insurance Group Profile

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.