Strs Ohio Sells 1,515 Shares of White Mountains Insurance Group, Ltd. $WTM

Strs Ohio reduced its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 96.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60 shares of the insurance provider’s stock after selling 1,515 shares during the period. Strs Ohio’s holdings in White Mountains Insurance Group were worth $100,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of White Mountains Insurance Group in the 2nd quarter worth approximately $54,759,000. Cooke & Bieler LP raised its position in White Mountains Insurance Group by 40.5% in the 2nd quarter. Cooke & Bieler LP now owns 76,781 shares of the insurance provider’s stock worth $137,877,000 after purchasing an additional 22,129 shares during the period. Jane Street Group LLC raised its position in White Mountains Insurance Group by 950.3% in the 2nd quarter. Jane Street Group LLC now owns 6,071 shares of the insurance provider’s stock worth $10,902,000 after purchasing an additional 5,493 shares during the period. HRT Financial LP bought a new stake in White Mountains Insurance Group in the second quarter worth $9,134,000. Finally, Allspring Global Investments Holdings LLC boosted its position in White Mountains Insurance Group by 19.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 29,585 shares of the insurance provider’s stock valued at $52,957,000 after buying an additional 4,728 shares during the period. 88.65% of the stock is owned by hedge funds and other institutional investors.

White Mountains Insurance Group Trading Up 1.3%

Shares of WTM opened at $2,083.91 on Thursday. The stock has a market capitalization of $5.29 billion, a P/E ratio of 38.35 and a beta of 0.36. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $2,054.65 and a two-hundred day simple moving average of $1,912.08. White Mountains Insurance Group, Ltd. has a twelve month low of $1,648.00 and a twelve month high of $2,143.25.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings data on Thursday, November 6th. The insurance provider reported $72.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $57.00 by $15.21. The firm had revenue of $864.20 million for the quarter. White Mountains Insurance Group had a net margin of 5.63% and a return on equity of 7.19%.

Insider Activity

In related news, Director Philip A. Gelston sold 165 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $2,048.51, for a total transaction of $338,004.15. Following the transaction, the director owned 1,568 shares in the company, valued at $3,212,063.68. The trade was a 9.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of White Mountains Insurance Group in a report on Monday, December 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based diversified insurance and financial services holding company organized in 1985 and headquartered in Hamilton, Bermuda. The company operates through a portfolio of insurance, reinsurance and specialty finance businesses, offering a blend of underwriting expertise and investment management to institutional clients worldwide. As a publicly traded entity on the New York Stock Exchange (NYSE: WTM), White Mountains seeks to generate long-term shareholder value by combining disciplined capital management with strategic acquisitions and organic growth initiatives.

Through its principal operating subsidiaries—most notably Sirius International Insurance Group, Ltd.