KBC Group NV Sells 1,934 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

KBC Group NV cut its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 93.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 125 shares of the insurance provider's stock after selling 1,934 shares during the period. KBC Group NV's holdings in White Mountains Insurance Group were worth $241,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Deutsche Bank AG grew its stake in White Mountains Insurance Group by 120.3% in the fourth quarter. Deutsche Bank AG now owns 337 shares of the insurance provider's stock valued at $655,000 after purchasing an additional 184 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of White Mountains Insurance Group by 6.4% in the fourth quarter. Ameriprise Financial Inc. now owns 3,277 shares of the insurance provider's stock valued at $6,374,000 after buying an additional 198 shares in the last quarter. GAMMA Investing LLC increased its holdings in White Mountains Insurance Group by 43.4% during the first quarter. GAMMA Investing LLC now owns 76 shares of the insurance provider's stock worth $146,000 after buying an additional 23 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in White Mountains Insurance Group by 25.8% during the first quarter. Harbor Capital Advisors Inc. now owns 3,058 shares of the insurance provider's stock worth $5,889,000 after acquiring an additional 627 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in White Mountains Insurance Group by 134.7% in the first quarter. Farther Finance Advisors LLC now owns 392 shares of the insurance provider's stock valued at $746,000 after acquiring an additional 225 shares during the last quarter. 88.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of White Mountains Insurance Group from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th.

White Mountains Insurance Group Stock Performance

Shares of NYSE WTM traded down $2.92 during midday trading on Monday, hitting $1,782.38. 43,575 shares of the company's stock were exchanged, compared to its average volume of 14,266. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $4.58 billion, a PE ratio of 164.27 and a beta of 0.36. White Mountains Insurance Group, Ltd. has a 12 month low of $1,666.22 and a 12 month high of $2,023.00. The company's 50 day moving average price is $1,784.10 and its 200 day moving average price is $1,832.02.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The insurance provider reported ($20.50) EPS for the quarter, missing analysts' consensus estimates of ($14.00) by ($6.50). The company had revenue of $472.20 million for the quarter. White Mountains Insurance Group had a return on equity of 5.01% and a net margin of 1.29%.

White Mountains Insurance Group Profile

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.