Oppenheimer Asset Management Inc. Sells 48 Shares of White Mountains Insurance Group Ltd (WTM)

Oppenheimer Asset Management Inc. lowered its holdings in White Mountains Insurance Group Ltd (NYSE:WTM) by 1.9% in the 1st quarter, HoldingsChannel reports. The firm owned 2,534 shares of the insurance provider’s stock after selling 48 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in White Mountains Insurance Group were worth $2,345,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WTM. BlackRock Inc. raised its holdings in shares of White Mountains Insurance Group by 4.0% in the 3rd quarter. BlackRock Inc. now owns 138,114 shares of the insurance provider’s stock valued at $129,256,000 after purchasing an additional 5,251 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of White Mountains Insurance Group by 92.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,263 shares of the insurance provider’s stock valued at $8,669,000 after purchasing an additional 4,454 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of White Mountains Insurance Group in the 3rd quarter valued at about $832,000. Vanguard Group Inc. grew its position in shares of White Mountains Insurance Group by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 279,266 shares of the insurance provider’s stock worth $261,356,000 after buying an additional 8,080 shares during the last quarter. Finally, Federated Investors Inc. PA purchased a new position in shares of White Mountains Insurance Group in the 3rd quarter worth approximately $26,391,000. Institutional investors and hedge funds own 86.91% of the company’s stock.

Shares of White Mountains Insurance Group stock opened at $943.53 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.07. White Mountains Insurance Group Ltd has a 52-week low of $832.88 and a 52-week high of $980.89. The company has a market capitalization of $3.00 billion, a PE ratio of -89.95 and a beta of 0.47.

White Mountains Insurance Group (NYSE:WTM) last issued its quarterly earnings data on Wednesday, February 6th. The insurance provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.97). White Mountains Insurance Group had a positive return on equity of 0.15% and a negative net margin of 38.26%. The firm had revenue of $11.60 million during the quarter.

In other news, EVP Robert Lawrence Seelig sold 2,000 shares of White Mountains Insurance Group stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $954.29, for a total value of $1,908,580.00. Following the transaction, the executive vice president now owns 15,593 shares of the company’s stock, valued at approximately $14,880,243.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Yves Brouillette sold 3,360 shares of White Mountains Insurance Group stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $908.51, for a total transaction of $3,052,593.60. Following the completion of the transaction, the director now directly owns 6,949 shares in the company, valued at approximately $6,313,235.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,148 shares of company stock worth $11,205,601. Insiders own 4.00% of the company’s stock.

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White Mountains Insurance Group Profile

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurances services in the United States. The company operates through four segments: HG Global/BAM, NSM, MediaAlpha 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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