Norges Bank Takes $66.88 Million Position in White Mountains Insurance Group, Ltd. $WTM

Norges Bank bought a new stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 32,184 shares of the insurance provider’s stock, valued at approximately $66,879,000. Norges Bank owned approximately 1.27% of White Mountains Insurance Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Miller Global Investments LLC purchased a new stake in shares of White Mountains Insurance Group in the fourth quarter valued at about $25,000. Torren Management LLC purchased a new stake in shares of White Mountains Insurance Group in the fourth quarter valued at about $27,000. Ameriflex Group Inc. purchased a new stake in shares of White Mountains Insurance Group in the third quarter valued at about $33,000. Geneos Wealth Management Inc. lifted its holdings in White Mountains Insurance Group by 325.0% in the first quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 13 shares during the period. Finally, Danske Bank A S acquired a new stake in White Mountains Insurance Group in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 88.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen downgraded White Mountains Insurance Group from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Zacks Research raised White Mountains Insurance Group to a “hold” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings downgraded White Mountains Insurance Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

White Mountains Insurance Group Trading Up 2.6%

Shares of WTM stock opened at $2,066.96 on Friday. White Mountains Insurance Group, Ltd. has a fifty-two week low of $1,648.00 and a fifty-two week high of $2,333.00. The stock has a market cap of $5.13 billion, a P/E ratio of 5.08 and a beta of 0.29. The business has a fifty day simple moving average of $2,179.04 and a 200-day simple moving average of $2,126.08. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.14.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings results on Wednesday, May 6th. The insurance provider reported ($12.59) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.00) by ($8.59). White Mountains Insurance Group had a net margin of 28.44% and a return on equity of 9.19%. The firm had revenue of $517.80 million during the quarter, compared to analysts’ expectations of $515.40 million. On average, analysts forecast that White Mountains Insurance Group, Ltd. will post 115 earnings per share for the current fiscal year.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based diversified insurance and financial services holding company organized in 1985 and headquartered in Hamilton, Bermuda. The company operates through a portfolio of insurance, reinsurance and specialty finance businesses, offering a blend of underwriting expertise and investment management to institutional clients worldwide. As a publicly traded entity on the New York Stock Exchange (NYSE: WTM), White Mountains seeks to generate long-term shareholder value by combining disciplined capital management with strategic acquisitions and organic growth initiatives.

Through its principal operating subsidiaries—most notably Sirius International Insurance Group, Ltd.