White Mountains Insurance Group Ltd (WTM) Shares Bought by Port Capital LLC

Port Capital LLC lifted its stake in shares of White Mountains Insurance Group Ltd (NYSE:WTM) by 12.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,050 shares of the insurance provider’s stock after purchasing an additional 970 shares during the quarter. Port Capital LLC’s holdings in White Mountains Insurance Group were worth $8,470,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Columbia Asset Management bought a new position in White Mountains Insurance Group in the 3rd quarter valued at about $172,000. Panagora Asset Management Inc. lifted its position in White Mountains Insurance Group by 6,166.7% in the 3rd quarter. Panagora Asset Management Inc. now owns 188 shares of the insurance provider’s stock valued at $176,000 after acquiring an additional 185 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in White Mountains Insurance Group in the 2nd quarter valued at about $207,000. Signaturefd LLC lifted its position in White Mountains Insurance Group by 77.8% in the 2nd quarter. Signaturefd LLC now owns 240 shares of the insurance provider’s stock valued at $218,000 after acquiring an additional 105 shares in the last quarter. Finally, Country Club Trust Company n.a. bought a new position in White Mountains Insurance Group in the 2nd quarter valued at about $220,000. 86.42% of the stock is currently owned by institutional investors.

Several brokerages recently weighed in on WTM. ValuEngine raised shares of White Mountains Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Zacks Investment Research cut shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 10th.

NYSE WTM traded down $1.48 during trading hours on Thursday, hitting $929.91. The company’s stock had a trading volume of 15,416 shares, compared to its average volume of 10,447. White Mountains Insurance Group Ltd has a 52 week low of $786.23 and a 52 week high of $980.89. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of -107.88 and a beta of 0.42. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.87 and a current ratio of 1.87.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings results on Monday, November 5th. The insurance provider reported $1.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.37 by ($1.32). White Mountains Insurance Group had a net margin of 3.94% and a return on equity of 0.06%. The business had revenue of $20.40 million during the quarter.

TRADEMARK VIOLATION NOTICE: This report was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/12/06/white-mountains-insurance-group-ltd-wtm-shares-bought-by-port-capital-llc.html.

White Mountains Insurance Group Profile

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and reinsurance services in the United States. The company operates through HG Global/BAM, MediaAlpha, and Other segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, core governmental functions, and existing transportation facilities.

Recommended Story: Moving Average – How it Helps Investors in Stock Selection

Want to see what other hedge funds are holding WTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for White Mountains Insurance Group Ltd (NYSE:WTM).

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

Receive News & Ratings for White Mountains Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for White Mountains Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply