White Mountains Insurance Group, Ltd. (NYSE:WTM) Major Shareholder Sells $95,003,800.00 in Stock

White Mountains Insurance Group, Ltd. (NYSE:WTM) major shareholder Mountains Insurance Grou White sold 5,000,200 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $19.00, for a total value of $95,003,800.00. Following the transaction, the insider now directly owns 17,856,614 shares in the company, valued at approximately $339,275,666. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

White Mountains Insurance Group Stock Down 0.6 %

Shares of NYSE:WTM traded down $11.15 during midday trading on Thursday, hitting $1,860.25. The stock had a trading volume of 10,323 shares, compared to its average volume of 8,356. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.12. The business’s 50-day simple moving average is $1,767.98 and its 200-day simple moving average is $1,624.46. White Mountains Insurance Group, Ltd. has a 12 month low of $1,319.05 and a 12 month high of $1,899.21. The company has a market cap of $4.77 billion, a P/E ratio of 9.40 and a beta of 0.42.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $27.14 earnings per share (EPS) for the quarter. White Mountains Insurance Group had a return on equity of 4.08% and a net margin of 23.50%. The firm had revenue of $453.80 million for the quarter.

White Mountains Insurance Group Announces Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 11th were issued a dividend of $1.00 per share. This represents a dividend yield of 0.06%. The ex-dividend date of this dividend was Friday, March 8th. White Mountains Insurance Group’s payout ratio is 0.50%.

Analyst Ratings Changes

Several research firms have issued reports on WTM. TheStreet upgraded White Mountains Insurance Group from a “c+” rating to a “b” rating in a report on Wednesday, January 17th. StockNews.com downgraded White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. raised its holdings in White Mountains Insurance Group by 12.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 459 shares of the insurance provider’s stock valued at $687,000 after buying an additional 50 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of White Mountains Insurance Group by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 11,539 shares of the insurance provider’s stock valued at $17,259,000 after buying an additional 61 shares during the period. Park Avenue Securities LLC bought a new stake in White Mountains Insurance Group during the 3rd quarter valued at $748,000. TD Asset Management Inc purchased a new stake in White Mountains Insurance Group in the 3rd quarter worth approximately $1,406,000. Finally, Teacher Retirement System of Texas raised its stake in White Mountains Insurance Group by 12.4% in the third quarter. Teacher Retirement System of Texas now owns 679 shares of the insurance provider’s stock valued at $1,016,000 after purchasing an additional 75 shares in the last quarter. 88.65% of the stock is owned by institutional investors.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. 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.