Scout Investments Inc. cut its position in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 34.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,415 shares of the insurance provider’s stock after selling 8,524 shares during the period. Scout Investments Inc. owned approximately 0.36% of White Mountains Insurance Group worth $14,259,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado raised its stake in White Mountains Insurance Group by 2.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 137 shares of the insurance provider’s stock worth $119,000 after buying an additional 3 shares during the last quarter. Teacher Retirement System of Texas raised its stake in White Mountains Insurance Group by 0.8% in the second quarter. Teacher Retirement System of Texas now owns 366 shares of the insurance provider’s stock worth $318,000 after buying an additional 3 shares during the last quarter. Amalgamated Bank raised its stake in White Mountains Insurance Group by 3.4% in the first quarter. Amalgamated Bank now owns 609 shares of the insurance provider’s stock worth $536,000 after buying an additional 20 shares during the last quarter. SG Americas Securities LLC raised its stake in White Mountains Insurance Group by 15.2% in the first quarter. SG Americas Securities LLC now owns 174 shares of the insurance provider’s stock worth $153,000 after buying an additional 23 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in White Mountains Insurance Group by 3.5% in the first quarter. Envestnet Asset Management Inc. now owns 806 shares of the insurance provider’s stock worth $710,000 after buying an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 88.05% of the company’s stock.

Shares of White Mountains Insurance Group, Ltd. (WTM) opened at 871.07 on Friday. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 37.55 and a beta of 0.52. The stock has a 50 day moving average of $860.31 and a 200-day moving average of $876.09. White Mountains Insurance Group, Ltd. has a 1-year low of $805.10 and a 1-year high of $948.94.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings results on Friday, August 4th. The insurance provider reported $2.78 EPS for the quarter, beating the consensus estimate of $1.12 by $1.66. White Mountains Insurance Group had a net margin of 9.80% and a return on equity of 1.01%. The firm had revenue of $18.50 million during the quarter, compared to the consensus estimate of $299.20 million. Equities analysts anticipate that White Mountains Insurance Group, Ltd. will post ($10.75) EPS for the current fiscal year.

White Mountains Insurance Group announced that its board has approved a stock repurchase plan on Thursday, August 17th that allows the company to repurchase 500,000 shares. This repurchase authorization allows the insurance provider to reacquire shares of its stock through a dutch auction. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. ValuEngine upgraded shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th.

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 OneBeacon, HG Global/BAM and Other Operations. The OneBeacon segment consists of the operations of OneBeacon Insurance Group, Ltd.

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

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