New Jersey State Joint Pension Fund D is reducing its stock holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM)

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New Jersey State Joint Pension Fund D reduced its holdings of shares in White Mountains Insurance Group, Ltd. (NYSE:WTM – Get Rating) by 7.9% during the first quarter, according to the company in its most recent communication with the Securities & Exchange Commission. The institutional investor held 2,453 shares of the insurance provider after selling 209 shares during the quarter. New Jersey State Joint Pension Fund D’s holdings in White Mountains Insurance Group were worth $2,787,000 when it was last filed with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Cove Street Capital LLC increased its stake in White Mountains Insurance Group by 18.2% during the first quarter. Cove Street Capital LLC now owns 19,154 shares of the insurance provider valued at $21,763,000 after buying 2,949 additional shares in the last quarter. Triad Investment Management increased its stake in shares of White Mountains Insurance Group by 191.4% in the first quarter. Triad Investment Management now owns 2,340 shares of the insurance provider valued at $2,659,000 after acquiring 1,537 additional shares during the period. Mraz Amerine & Associates Inc. increased its stake in shares of White Mountains Insurance Group by 0.6% in the first quarter. Mraz Amerine & Associates Inc. now owns 22,773 shares of the insurance provider valued at $25,875,000 after acquiring an additional 139 shares during the period. Adams Wealth Management increased its stake in shares of White Mountains Insurance Group by 3.4% in the first quarter. Adams Wealth Management now owns 459 shares of the insurance provider valued at $522,000 after acquiring 15 additional shares during the period. Finally, Quent Capital LLC purchased a new stake in shares of White Mountains Insurance Group in the fourth quarter at a value of $42,000. Hedge funds and other institutional investors own 88.95% of the company’s shares.

White Mountains insurance group grows 0.8%

NYSE WTM opened at $1,239.43 on Friday. The company’s 50-day moving average price is $1,240.11 and its 200-day moving average price is $1,129.12. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt ratio of 0.19. The stock has a market capitalization of $3.70 billion, a PE ratio of -23.10 and a beta of 0.45. White Mountains Insurance Group, Ltd. has a 12-month low of $978.51 and a 12-month high of $1,291.50.

White Mountains Insurance Group (NYSE:WTM – Get Rating) last released its quarterly results on Friday, May 6. The insurance provider reported EPS of $7.64 for the quarter. The company had revenue of $338.50 million in the quarter.

Insider Trading at White Mountains Insurance Group

In other news, CAO Michaela Hildreth sold 100 shares of the company in a trade dated Tuesday, May 31. The shares were sold at an average price of $1,270.94, for a total value of $127,094.00. Following the transaction, the chief accounting officer now directly owns 1,563 shares of the company, valued at $1,986,479.22. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Insiders of the company hold 2.57% of the shares of the company.

Analyst upgrades and downgrades

Several equity research analysts have recently weighed in on WTM shares. StockNews.com upgraded shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a Tuesday, May 17 research note. TheStreet downgraded shares of White Mountains Insurance Group from a “c” rating to a “b-” rating in a Monday, June 6 research note.

White Mountains Insurance Group Profile

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White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The Company operates through five segments: HG Global/BAM, Ark, NSM, Kudu 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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Want to see which other hedge funds hold WTM? Visit HoldingsChannel.com for the latest 13F filings and insider trading for White Mountains Insurance Group, Ltd. (NYSE:WTM – Get Rating).

Institutional ownership by quarter for White Mountains Insurance Group (NYSE:WTM)



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