SG Americas Securities LLC Purchases 180 Shares of White Mountains Insurance Group, Ltd. (WTM)

SG Americas Securities LLC lifted its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 62.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 470 shares of the insurance provider’s stock after purchasing an additional 180 shares during the period. SG Americas Securities LLC’s holdings in White Mountains Insurance Group were worth $403,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Comerica Bank raised its holdings in White Mountains Insurance Group by 9.9% in the third quarter. Comerica Bank now owns 1,108 shares of the insurance provider’s stock valued at $983,000 after acquiring an additional 100 shares in the last quarter. Rhumbline Advisers raised its holdings in White Mountains Insurance Group by 1.0% in the third 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 in the last quarter. Sei Investments Co. raised its holdings in White Mountains Insurance Group by 31.4% in the third quarter. Sei Investments Co. now owns 4,759 shares of the insurance provider’s stock valued at $4,079,000 after acquiring an additional 1,136 shares in the last quarter. FDx Advisors Inc. raised its holdings in White Mountains Insurance Group by 26.6% in the third quarter. FDx Advisors Inc. now owns 1,263 shares of the insurance provider’s stock valued at $1,082,000 after acquiring an additional 265 shares in the last quarter. Finally, Pitcairn Co. acquired a new stake in White Mountains Insurance Group in the third quarter valued at $247,000. 81.93% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. ValuEngine raised shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th.

In other news, Director Angelo Michael Frinquelli sold 100 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $875.00, for a total transaction of $87,500.00. Following the completion of the transaction, the director now owns 1,641 shares in the company, valued at $1,435,875. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is currently owned by corporate insiders.

White Mountains Insurance Group, Ltd. (NYSE WTM) traded down $11.41 during mid-day trading on Thursday, reaching $865.11. 20,100 shares of the company’s stock traded hands, compared to its average volume of 18,853. White Mountains Insurance Group, Ltd. has a 12-month low of $832.10 and a 12-month high of $948.94. The company has a market capitalization of $3,286.93, a price-to-earnings ratio of 81.23 and a beta of 0.53.

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

White Mountains Insurance Group announced that its board has authorized a stock repurchase program on Thursday, August 17th that authorizes the company to repurchase 500,000 shares. This repurchase authorization authorizes the insurance provider to reacquire shares of its stock through a dutch auction. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

TRADEMARK VIOLATION WARNING: This report was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://stocknewstimes.com/2017/12/14/sg-americas-securities-llc-purchases-180-shares-of-white-mountains-insurance-group-ltd-wtm.html.

About White Mountains Insurance Group

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).

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

Receive News & Ratings for White Mountains Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for White Mountains Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply