Royce & Associates LP Sells 718 Shares of 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% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,588 shares of the insurance provider's stock after selling 718 shares during the period. Royce & Associates LP owned 0.45% of White Mountains Insurance Group worth $22,316,000 as of its most recent SEC filing.

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

White Mountains Insurance Group Stock Up 0.5%

WTM stock traded up $9.31 during mid-day trading on Friday, reaching $1,787.19. 12,086 shares of the company traded hands, compared to its average volume of 26,348. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 164.72 and a beta of 0.36. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.13. White Mountains Insurance Group, Ltd. has a fifty-two week low of $1,666.22 and a fifty-two week high of $2,023.00. The firm's 50 day moving average price is $1,787.16 and its 200 day moving average price is $1,819.46.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The insurance provider reported ($20.50) earnings per share (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 net margin of 1.29% and a return on equity of 5.01%.

Analyst Ratings Changes

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

White Mountains Insurance Group Company 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.