Prospector Partners LLC Sells 3,293 Shares of White Mountains Insurance Group, Ltd. $WTM

Prospector Partners LLC trimmed its position in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 87.0% in the fourth quarter, Holdings Channel reports. The fund owned 490 shares of the insurance provider’s stock after selling 3,293 shares during the quarter. White Mountains Insurance Group accounts for 2.2% of Prospector Partners LLC’s portfolio, making the stock its 13th largest holding. Prospector Partners LLC’s holdings in White Mountains Insurance Group were worth $1,018,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of White Mountains Insurance Group by 86.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,322 shares of the insurance provider’s stock valued at $7,224,000 after acquiring an additional 1,999 shares during the last quarter. Triad Investment Management bought a new position in shares of White Mountains Insurance Group in the 4th quarter valued at $5,294,000. Handelsbanken Fonder AB lifted its stake in shares of White Mountains Insurance Group by 83.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,100 shares of the insurance provider’s stock valued at $1,839,000 after acquiring an additional 500 shares during the last quarter. Cove Street Capital LLC lifted its stake in shares of White Mountains Insurance Group by 128.5% in the 3rd quarter. Cove Street Capital LLC now owns 1,083 shares of the insurance provider’s stock valued at $1,810,000 after acquiring an additional 609 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of White Mountains Insurance Group by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 157,217 shares of the insurance provider’s stock valued at $262,792,000 after acquiring an additional 1,464 shares during the last quarter. 88.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on WTM. Wall Street Zen cut White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings cut White Mountains Insurance Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Finally, Zacks Research upgraded White Mountains Insurance Group to a “hold” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

White Mountains Insurance Group Stock Down 0.1%

Shares of NYSE:WTM opened at $2,021.93 on Monday. The firm has a market cap of $5.01 billion, a P/E ratio of 4.97 and a beta of 0.29. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.14. White Mountains Insurance Group, Ltd. has a 12-month low of $1,648.00 and a 12-month high of $2,333.00. The business has a fifty day simple moving average of $2,161.70 and a 200 day simple moving average of $2,130.40.

White Mountains Insurance Group (NYSE:WTM) last announced its earnings results on Wednesday, May 6th. The insurance provider reported ($12.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.00) by ($8.59). The company had revenue of $517.80 million for the quarter, compared to the consensus estimate of $515.40 million. White Mountains Insurance Group had a return on equity of 9.19% and a net margin of 28.44%. Analysts predict that White Mountains Insurance Group, Ltd. will post 115 earnings per share for the current year.

About White Mountains Insurance Group

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.