Pitcairn Co. Buys New Position in White Mountains Insurance Group, Ltd. (WTM)

Pitcairn Co. bought a new position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 289 shares of the insurance provider’s stock, valued at approximately $247,000.

A number of other hedge funds have also bought and sold shares of WTM. BlackRock Inc. lifted its stake in White Mountains Insurance Group by 9,312.9% during the first quarter. BlackRock Inc. now owns 187,505 shares of the insurance provider’s stock worth $164,984,000 after purchasing an additional 185,513 shares during the last quarter. Fiduciary Management Inc. WI lifted its stake in White Mountains Insurance Group by 41.2% during the second quarter. Fiduciary Management Inc. WI now owns 71,448 shares of the insurance provider’s stock worth $62,062,000 after purchasing an additional 20,835 shares during the last quarter. Wells Fargo & Company MN lifted its stake in White Mountains Insurance Group by 37.9% during the second quarter. Wells Fargo & Company MN now owns 50,596 shares of the insurance provider’s stock worth $43,950,000 after purchasing an additional 13,894 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in White Mountains Insurance Group during the second quarter worth approximately $10,510,000. Finally, State Street Corp lifted its stake in White Mountains Insurance Group by 19.8% during the second quarter. State Street Corp now owns 72,279 shares of the insurance provider’s stock worth $62,785,000 after purchasing an additional 11,953 shares during the last quarter.

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White Mountains Insurance Group, Ltd. (NYSE:WTM) traded down $6.03 on Friday, reaching $887.87. The company’s stock had a trading volume of 12,900 shares, compared to its average volume of 20,038. The firm has a market capitalization of $3,329.51, a price-to-earnings ratio of 82.29 and a beta of 0.54. White Mountains Insurance Group, Ltd. has a 52 week low of $821.15 and a 52 week high of $948.94.

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

White Mountains Insurance Group declared that its board has initiated a share buyback plan on Thursday, August 17th that authorizes the company to repurchase 500,000 outstanding shares. This repurchase authorization authorizes the insurance provider to reacquire shares of its stock through a dutch auction. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Several equities research analysts recently weighed in on WTM shares. Zacks Investment Research upgraded White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. ValuEngine raised White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday, September 1st.

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).

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

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