Starr International Co. Inc. purchased a new stake in shares of White Mountains Insurance Group Ltd (NYSE:WTM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,092 shares of the insurance provider’s stock, valued at approximately $2,862,000. Starr International Co. Inc. owned 0.10% of White Mountains Insurance Group at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Norges Bank purchased a new position in shares of White Mountains Insurance Group during the 4th quarter worth approximately $25,919,000. Federated Investors Inc. PA purchased a new position in shares of White Mountains Insurance Group during the 3rd quarter worth approximately $26,391,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of White Mountains Insurance Group by 89.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 29,399 shares of the insurance provider’s stock worth $25,209,000 after acquiring an additional 13,843 shares during the period. Boston Partners boosted its position in shares of White Mountains Insurance Group by 7.8% in the 4th quarter. Boston Partners now owns 175,347 shares of the insurance provider’s stock worth $150,393,000 after purchasing an additional 12,696 shares in the last quarter. Finally, Atlanta Capital Management Co. L L C boosted its position in shares of White Mountains Insurance Group by 14.3% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 88,932 shares of the insurance provider’s stock worth $76,276,000 after purchasing an additional 11,120 shares in the last quarter. Institutional investors own 86.28% of the company’s stock.
Shares of WTM traded down $0.86 during mid-day trading on Friday, reaching $968.14. The company had a trading volume of 3,500 shares, compared to its average volume of 11,935. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.07. White Mountains Insurance Group Ltd has a 52 week low of $832.88 and a 52 week high of $993.70. The stock has a market cap of $3.06 billion, a P/E ratio of -92.29 and a beta of 0.46.
Separately, TheStreet raised White Mountains Insurance Group from a “c” rating to a “b” rating in a research report on Monday, May 13th.
In other news, Director Yves Brouillette sold 3,360 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $908.51, for a total transaction of $3,052,593.60. Following the transaction, the director now directly owns 6,949 shares of the company’s stock, valued at approximately $6,313,235.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert Lawrence Seelig sold 2,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $954.29, for a total value of $1,908,580.00. Following the transaction, the executive vice president now directly owns 15,593 shares in the company, valued at $14,880,243.97. The disclosure for this sale can be found here. Insiders sold a total of 13,231 shares of company stock worth $12,264,754 over the last ninety days. 2.50% of the stock is currently owned by insiders.
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White Mountains Insurance Group Company Profile
White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurances services in the United States. The company operates through four segments: HG Global/BAM, NSM, MediaAlpha and Other Operations. 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.
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