Royce & Associates LP Cuts Stake in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Key Points

• Royce & Associates LP reduced its stake in White Mountains Insurance Group (NYSE: WTM) by 5.8%, selling 718 shares in the first quarter, bringing its ownership down to 11,588 shares valued at approximately $22.3 million.
• Other institutional investors have significantly increased their stakes, with GAMMA Investing LLC growing its holdings by over 276,000% in the same period, now owning 146,362 shares valued at $281.9 million.
• White Mountains Insurance Group's stock saw a 0.5% increase to $1,787.19, with recent earnings showing a larger-than-expected loss of ($20.50) per share, missing analysts' estimates.

Royce & Associates LP reduced its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,588 shares of the insurance provider's stock after selling 718 shares during the quarter. Royce & Associates LP owned about 0.45% of White Mountains Insurance Group worth $22,316,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WTM. GAMMA Investing LLC lifted its stake in shares of White Mountains Insurance Group by 276,054.7% during the 1st quarter. GAMMA Investing LLC now owns 146,362 shares of the insurance provider's stock valued at $281,865,000 after buying an additional 146,309 shares in the last quarter. Norges Bank bought a new stake in White Mountains Insurance Group during the 4th quarter worth approximately $59,661,000. Cooke & Bieler LP increased its holdings in White Mountains Insurance Group by 60.4% during the 1st quarter. Cooke & Bieler LP now owns 54,652 shares of the insurance provider's stock worth $105,249,000 after acquiring an additional 20,582 shares during the period. First Trust Advisors LP increased its holdings in White Mountains Insurance Group by 85.3% during the 4th quarter. First Trust Advisors LP now owns 20,218 shares of the insurance provider's stock worth $39,325,000 after acquiring an additional 9,308 shares during the period. Finally, Phocas Financial Corp. bought a new stake in White Mountains Insurance Group during the 4th quarter worth approximately $11,091,000. 88.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

White Mountains Insurance Group Price Performance

White Mountains Insurance Group stock traded down $4.96 during midday trading on Monday, reaching $1,784.62. 6,961 shares of the stock were exchanged, compared to its average volume of 18,080. The company's fifty day moving average is $1,787.16 and its 200-day moving average is $1,818.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $4.59 billion, a PE ratio of 164.48 and a beta of 0.36. White Mountains Insurance Group, Ltd. has a 52 week low of $1,666.22 and a 52 week high of $2,023.00.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last issued its quarterly earnings results 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 during the quarter. White Mountains Insurance Group had a return on equity of 5.01% and a net margin of 1.29%.

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.