Karpas Strategies LLC Trims Stock Holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Karpas Strategies LLC trimmed its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTMFree Report) by 2.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 659 shares of the insurance provider’s stock after selling 15 shares during the quarter. Karpas Strategies LLC’s holdings in White Mountains Insurance Group were worth $986,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WTM. JPMorgan Chase & Co. increased its stake in shares of White Mountains Insurance Group by 6.2% in the first quarter. JPMorgan Chase & Co. now owns 2,171 shares of the insurance provider’s stock worth $2,466,000 after buying an additional 127 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of White Mountains Insurance Group by 24.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 293 shares of the insurance provider’s stock worth $333,000 after buying an additional 58 shares during the period. US Bancorp DE increased its stake in shares of White Mountains Insurance Group by 29.1% in the first quarter. US Bancorp DE now owns 133 shares of the insurance provider’s stock worth $151,000 after buying an additional 30 shares during the period. HighTower Advisors LLC purchased a new position in shares of White Mountains Insurance Group in the first quarter worth $211,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of White Mountains Insurance Group by 202.6% in the first quarter. PNC Financial Services Group Inc. now owns 354 shares of the insurance provider’s stock worth $403,000 after buying an additional 237 shares during the period. 86.67% of the stock is currently owned by institutional investors.

Insider Activity

In other White Mountains Insurance Group news, Director Weston M. Hicks bought 1,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were purchased at an average price of $1,480.56 per share, for a total transaction of $1,480,560.00. Following the acquisition, the director now owns 2,306 shares in the company, valued at approximately $3,414,171.36. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.57% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of White Mountains Insurance Group from a “c+” rating to a “b” rating in a research report on Wednesday, January 17th.

Get Our Latest Stock Analysis on White Mountains Insurance Group

White Mountains Insurance Group Trading Up 2.1 %

White Mountains Insurance Group stock traded up $33.93 during mid-day trading on Friday, reaching $1,628.93. 8,403 shares of the company traded hands, compared to its average volume of 7,864. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86. The firm’s 50 day moving average price is $1,529.58 and its 200 day moving average price is $1,526.13. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 8.03 and a beta of 0.40. White Mountains Insurance Group, Ltd. has a 52-week low of $1,312.00 and a 52-week high of $1,649.39.

White Mountains Insurance Group (NYSE:WTMGet Free Report) last issued its quarterly earnings data 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 for the quarter. White Mountains Insurance Group had a net margin of 23.50% and a return on equity of 4.19%.

About White Mountains Insurance Group

(Free Report)

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through five segments: HG Global/BAM, Ark, NSM, Kudu, and Other Operations. 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.

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

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