White Mountains Insurance Group Ltd (WTM) Position Lessened by Credit Suisse AG

Credit Suisse AG decreased its position in shares of White Mountains Insurance Group Ltd (NYSE:WTM) by 2.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 4,599 shares of the insurance provider’s stock after selling 118 shares during the period. Credit Suisse AG owned 0.14% of White Mountains Insurance Group worth $4,304,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in WTM. Columbia Asset Management purchased a new position in shares of White Mountains Insurance Group during the third quarter valued at approximately $172,000. Commonwealth Equity Services LLC purchased a new position in shares of White Mountains Insurance Group during the second quarter valued at approximately $207,000. Signaturefd LLC lifted its stake in shares of White Mountains Insurance Group by 77.8% during the second quarter. Signaturefd LLC now owns 240 shares of the insurance provider’s stock valued at $218,000 after buying an additional 105 shares during the period. Glen Harbor Capital Management LLC lifted its stake in shares of White Mountains Insurance Group by 18.2% during the second quarter. Glen Harbor Capital Management LLC now owns 364 shares of the insurance provider’s stock valued at $330,000 after buying an additional 56 shares during the period. Finally, Brandes Investment Partners LP purchased a new position in shares of White Mountains Insurance Group during the second quarter valued at approximately $375,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of WTM opened at $881.81 on Tuesday. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.06. The company has a market cap of $2.85 billion, a P/E ratio of -102.30 and a beta of 0.42. White Mountains Insurance Group Ltd has a 1 year low of $786.23 and a 1 year high of $980.89.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings results on Monday, November 5th. The insurance provider reported $1.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.37 by ($1.32). The company had revenue of $20.40 million for the quarter. White Mountains Insurance Group had a return on equity of 0.06% and a net margin of 3.94%.

Several equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 10th. ValuEngine raised shares of White Mountains Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st.

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White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and reinsurance services in the United States. The company operates through HG Global/BAM, MediaAlpha, and Other segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, core governmental functions, and existing transportation facilities.

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Institutional Ownership by Quarter for White Mountains Insurance Group (NYSE:WTM)

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