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

White Mountains Insurance Group, Ltd. (NYSE:WTM) major shareholder Mountains Insurance Grou White sold 5,000,200 shares of the business’s 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 completion of the sale, the insider now directly owns 17,856,614 shares in the company, valued at approximately $339,275,666. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

White Mountains Insurance Group Price Performance

Shares of WTM stock traded down $11.15 during trading on Thursday, hitting $1,860.25. The company had a trading volume of 10,323 shares, compared to its average volume of 8,356. The stock’s 50-day moving average is $1,767.98 and its two-hundred day moving average is $1,624.46. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 9.40 and a beta of 0.42. White Mountains Insurance Group, Ltd. has a 52 week low of $1,319.05 and a 52 week high of $1,899.21.

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

White Mountains Insurance Group Dividend Announcement

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On White Mountains Insurance Group

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

About White Mountains Insurance Group

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.