White Mountains Insurance Group, Ltd. (NYSE:WTM) Major Shareholder Mountains Insurance Grou White Sells 5,000,200 Shares of Stock

White Mountains Insurance Group, Ltd. (NYSE:WTM) major shareholder Mountains Insurance Grou White sold 5,000,200 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $19.00, for a total transaction of $95,003,800.00. Following the sale, the insider now directly owns 17,856,614 shares of the company’s stock, valued at $339,275,666. The sale was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

White Mountains Insurance Group Price Performance

WTM stock opened at $1,860.25 on Friday. The stock has a market cap of $4.77 billion, a PE ratio of 9.37 and a beta of 0.42. White Mountains Insurance Group, Ltd. has a 12 month low of $1,319.05 and a 12 month high of $1,899.21. The company has a 50-day moving average price of $1,769.78 and a 200 day moving average price of $1,626.10. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12.

White Mountains Insurance Group (NYSE:WTM) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $27.14 earnings per share (EPS) for the quarter. The business had revenue of $453.80 million during the quarter. White Mountains Insurance Group had a return on equity of 4.08% and a net margin of 23.50%.

White Mountains Insurance Group Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 11th were issued a dividend of $1.00 per share. This represents a yield of 0.06%. The ex-dividend date was Friday, March 8th. White Mountains Insurance Group’s payout ratio is currently 0.50%.

Hedge Funds Weigh In On White Mountains Insurance Group

Several hedge funds have recently bought and sold shares of the business. Global Assets Advisory LLC purchased a new stake in shares of White Mountains Insurance Group during the first quarter valued at $241,384,000. Norges Bank purchased a new stake in White Mountains Insurance Group in the 4th quarter valued at about $42,501,000. Allspring Global Investments Holdings LLC bought a new position in White Mountains Insurance Group in the 4th quarter worth about $17,229,000. Envestnet Asset Management Inc. increased its position in shares of White Mountains Insurance Group by 67.6% during the third quarter. Envestnet Asset Management Inc. now owns 12,083 shares of the insurance provider’s stock worth $18,072,000 after acquiring an additional 4,875 shares during the period. Finally, Lord Abbett & CO. LLC increased its position in shares of White Mountains Insurance Group by 16.0% during the first quarter. Lord Abbett & CO. LLC now owns 28,472 shares of the insurance provider’s stock worth $51,088,000 after acquiring an additional 3,934 shares during the period. Institutional investors own 88.65% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on WTM. StockNews.com lowered shares of White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. TheStreet upgraded shares of White Mountains Insurance Group from a “c+” rating to a “b” rating in a report on Wednesday, January 17th.

White Mountains Insurance Group Company 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.