32,184 Shares in White Mountains Insurance Group, Ltd. $WTM Purchased by Norges Bank

Norges Bank acquired a new position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) in the fourth quarter, HoldingsChannel reports. The firm acquired 32,184 shares of the insurance provider’s stock, valued at approximately $66,879,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WTM. M&T Bank Corp purchased a new stake in White Mountains Insurance Group during the 4th quarter worth about $38,545,000. UBS Group AG increased its position in White Mountains Insurance Group by 141.1% during the 3rd quarter. UBS Group AG now owns 12,085 shares of the insurance provider’s stock worth $20,200,000 after purchasing an additional 7,073 shares in the last quarter. Susquehanna International Group LLP increased its position in White Mountains Insurance Group by 2,455.6% during the 3rd quarter. Susquehanna International Group LLP now owns 7,360 shares of the insurance provider’s stock worth $12,302,000 after purchasing an additional 7,072 shares in the last quarter. Gotham Asset Management LLC increased its position in White Mountains Insurance Group by 618.6% during the 3rd quarter. Gotham Asset Management LLC now owns 6,899 shares of the insurance provider’s stock worth $11,532,000 after purchasing an additional 5,939 shares in the last quarter. Finally, Jane Street Group LLC increased its position in White Mountains Insurance Group by 950.3% during 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 in the last quarter. Hedge funds and other institutional investors own 88.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WTM shares. Wall Street Zen cut White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Zacks Research upgraded White Mountains Insurance Group to a “hold” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings cut White Mountains Insurance Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, White Mountains Insurance Group currently has a consensus rating of “Moderate Buy”.

White Mountains Insurance Group Stock Up 2.6%

WTM opened at $2,066.96 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 5.08 and a beta of 0.29. The business has a 50-day moving average of $2,179.04 and a two-hundred day moving average of $2,126.08. White Mountains Insurance Group, Ltd. has a 12 month low of $1,648.00 and a 12 month high of $2,333.00.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings results on Wednesday, May 6th. The insurance provider reported ($12.59) EPS for the quarter, missing the consensus estimate of ($4.00) by ($8.59). The business had revenue of $517.80 million during the quarter, compared to analysts’ expectations of $515.40 million. White Mountains Insurance Group had a net margin of 28.44% and a return on equity of 9.19%. On average, research analysts expect 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.