Short Interest in White Mountains Insurance Group, Ltd. (NYSE:WTM) Drops By 25.6%

White Mountains Insurance Group, Ltd. (NYSE:WTM) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 64,771 shares, a decrease of 25.6% from the December 15th total of 87,076 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average daily trading volume, of 18,242 shares, the days-to-cover ratio is currently 3.6 days. Based on an average daily trading volume, of 18,242 shares, the days-to-cover ratio is currently 3.6 days. Approximately 2.6% of the company’s stock are short sold.

Insider Activity at White Mountains Insurance Group

In other news, Director Philip A. Gelston sold 165 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $2,048.51, for a total transaction of $338,004.15. Following the completion of the sale, the director owned 1,568 shares of the company’s stock, valued at approximately $3,212,063.68. This trade represents a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.20% of the company’s stock.

Institutional Trading of White Mountains Insurance Group

Several institutional investors have recently added to or reduced their stakes in WTM. Miller Global Investments LLC acquired a new stake in White Mountains Insurance Group in the fourth quarter valued at approximately $25,000. Fifth Third Bancorp lifted its position in shares of White Mountains Insurance Group by 183.3% during the second quarter. Fifth Third Bancorp now owns 17 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 11 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of White Mountains Insurance Group in the third quarter valued at approximately $33,000. Geneos Wealth Management Inc. raised its stake in shares of White Mountains Insurance Group by 325.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 13 shares during the period. Finally, Steph & Co. bought a new position in shares of White Mountains Insurance Group during the 2nd quarter valued at approximately $47,000. 88.65% of the stock is currently owned by institutional investors.

White Mountains Insurance Group Price Performance

NYSE:WTM traded down $3.91 during mid-day trading on Friday, reaching $2,058.01. 17,342 shares of the company were exchanged, compared to its average volume of 15,819. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.14. White Mountains Insurance Group has a 12 month low of $1,648.00 and a 12 month high of $2,143.25. The company has a fifty day moving average of $2,023.49 and a 200 day moving average of $1,889.03. The stock has a market cap of $5.23 billion, a PE ratio of 37.87 and a beta of 0.35.

White Mountains Insurance Group (NYSE:WTM) last released its earnings results on Thursday, November 6th. The insurance provider reported $72.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $57.00 by $15.21. White Mountains Insurance Group had a return on equity of 7.19% and a net margin of 5.63%.The firm had revenue of $864.20 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of White Mountains Insurance Group in a report on Monday, December 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, White Mountains Insurance Group has an average rating of “Hold”.

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.