White Mountains Insurance Group Ltd (NYSE:WTM) Short Interest Update

Posted by James Conley on Nov 13th, 2019

White Mountains Insurance Group Ltd (NYSE:WTM) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 30,600 shares, a drop of 25.9% from the September 30th total of 41,300 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 19,900 shares, the short-interest ratio is currently 1.5 days.

Separately, ValuEngine downgraded shares of White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.

Shares of WTM traded up $4.70 during midday trading on Wednesday, reaching $1,101.50. The stock had a trading volume of 120 shares, compared to its average volume of 15,251. The firm has a 50 day simple moving average of $1,078.82 and a 200-day simple moving average of $1,040.22. White Mountains Insurance Group has a one year low of $832.88 and a one year high of $1,104.14. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.37 and a current ratio of 1.37.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of White Mountains Insurance Group by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 299,228 shares of the insurance provider’s stock valued at $305,650,000 after buying an additional 788 shares in the last quarter. Victory Capital Management Inc. raised its position in White Mountains Insurance Group by 0.6% in the 2nd quarter. Victory Capital Management Inc. now owns 109,657 shares of the insurance provider’s stock worth $112,010,000 after buying an additional 650 shares during the last quarter. Atlanta Capital Management Co. L L C raised its position in White Mountains Insurance Group by 0.7% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 98,154 shares of the insurance provider’s stock worth $100,260,000 after buying an additional 721 shares during the last quarter. Wells Fargo & Company MN raised its position in White Mountains Insurance Group by 14.4% in the 2nd quarter. Wells Fargo & Company MN now owns 74,622 shares of the insurance provider’s stock worth $76,224,000 after buying an additional 9,417 shares during the last quarter. Finally, Bank of America Corp DE raised its position in White Mountains Insurance Group by 7.0% in the 2nd quarter. Bank of America Corp DE now owns 28,380 shares of the insurance provider’s stock worth $28,988,000 after buying an additional 1,854 shares during the last quarter. 88.28% of the stock is owned by institutional investors and hedge funds.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurances services in the United States. The company operates through four segments: HG Global/BAM, NSM, MediaAlpha 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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