Pegasus Partners Ltd. grew its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 70.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 7,842 shares of the insurance provider’s stock after acquiring an additional 3,230 shares during the quarter. White Mountains Insurance Group comprises about 1.5% of Pegasus Partners Ltd.’s portfolio, making the stock its 9th biggest holding. Pegasus Partners Ltd. owned approximately 0.21% of White Mountains Insurance Group worth $6,721,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in WTM. Teacher Retirement System of Texas raised its holdings in shares of 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 worth $318,000 after buying an additional 3 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of 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 worth $119,000 after buying an additional 3 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of 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 worth $286,000 after buying an additional 19 shares in the last quarter. Speece Thorson Capital Group Inc. raised its holdings in shares of White Mountains Insurance Group by 0.3% during the 2nd quarter. Speece Thorson Capital Group Inc. now owns 17,062 shares of the insurance provider’s stock worth $14,821,000 after buying an additional 48 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of 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 worth $294,000 after buying an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.

In other White Mountains Insurance Group news, Director Angelo Michael Frinquelli sold 100 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was 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 owns 1,641 shares of the company’s stock, valued at approximately $1,435,875. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.10% of the stock is owned by corporate insiders.

A number of research firms have recently commented on WTM. ValuEngine raised White Mountains Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut White Mountains Insurance Group from a “hold” rating to a “sell” rating in a report on Thursday, October 12th.

Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) traded up $1.35 on Monday, reaching $877.00. The company’s stock had a trading volume of 7,300 shares, compared to its average volume of 18,880. White Mountains Insurance Group, Ltd. has a fifty-two week low of $832.10 and a fifty-two week high of $948.94. The firm has a market cap of $3,288.75, a PE ratio of 81.28 and a beta of 0.54.

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

White Mountains Insurance Group announced that its board has approved a share repurchase plan on Thursday, August 17th that authorizes the company to repurchase 500,000 outstanding shares. This repurchase authorization authorizes the insurance provider to buy shares of its stock through a dutch auction. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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White Mountains Insurance Group 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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