Fiduciary Management Inc. WI Increases Stake in White Mountains Insurance Group, Ltd. (WTM)

Fiduciary Management Inc. WI boosted its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 24.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,687 shares of the insurance provider’s stock after acquiring an additional 17,239 shares during the period. Fiduciary Management Inc. WI owned 2.36% of White Mountains Insurance Group worth $76,005,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Teacher Retirement System of Texas lifted its position in White Mountains Insurance Group by 0.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 366 shares of the insurance provider’s stock valued at $318,000 after acquiring an additional 3 shares during the period. Public Employees Retirement Association of Colorado lifted its position in White Mountains Insurance Group by 2.2% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 137 shares of the insurance provider’s stock valued at $119,000 after acquiring an additional 3 shares during the period. Royal Bank of Canada lifted its position in White Mountains Insurance Group by 6.1% during the 2nd quarter. Royal Bank of Canada now owns 330 shares of the insurance provider’s stock valued at $286,000 after acquiring an additional 19 shares during the period. PNC Financial Services Group Inc. lifted its position in White Mountains Insurance Group by 18.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 339 shares of the insurance provider’s stock valued at $294,000 after acquiring an additional 52 shares during the period. Finally, Rhumbline Advisers lifted its position in White Mountains Insurance Group by 1.0% during the 3rd quarter. Rhumbline Advisers now owns 5,974 shares of the insurance provider’s stock valued at $5,120,000 after acquiring an additional 61 shares during the period. 81.93% of the stock is owned by institutional investors.

Shares of White Mountains Insurance Group, Ltd. (NYSE WTM) traded down $13.39 during midday trading on Wednesday, reaching $875.00. 19,100 shares of the company were exchanged, compared to its average volume of 18,940. White Mountains Insurance Group, Ltd. has a one year low of $832.10 and a one year high of $948.94. The stock has a market cap of $3,331.44, a PE ratio of 82.33 and a beta of 0.53.

White Mountains Insurance Group (NYSE:WTM) last issued its quarterly earnings results on Wednesday, November 8th. The insurance provider reported $5.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.41) by $8.77. White Mountains Insurance Group had a net margin of 69.96% and a return on equity of 1.32%. The company had revenue of $16.20 million during the quarter. analysts expect that White Mountains Insurance Group, Ltd. will post -7.55 EPS for the current year.

White Mountains Insurance Group declared that its Board of Directors has initiated a stock repurchase program on Thursday, August 17th that permits the company to repurchase 500,000 shares. This repurchase authorization permits the insurance provider to purchase shares of its stock through a dutch auction. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

WTM has been the subject of a number of recent research reports. ValuEngine raised shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th.

In other White Mountains Insurance Group news, Director Angelo Michael Frinquelli sold 100 shares of White Mountains Insurance Group stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $875.00, for a total value of $87,500.00. Following the completion of the transaction, the director now directly owns 1,641 shares of the company’s stock, valued at $1,435,875. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.10% of the company’s stock.

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White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a holding company. The Company’s principal businesses are conducted through its insurance subsidiaries and other affiliates. Its segments include HG Global/BAM and Other Operations. The HG Global/BAM segment consists of the operations of HG Global Ltd. (HG Global) and Build America Mutual Assurance Company (BAM).

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Institutional Ownership by Quarter for White Mountains Insurance Group (NYSE:WTM)

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