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

White Mountains Insurance Group Ltd (NYSE:WTM) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 40,900 shares, an increase of 33.7% from the September 30th total of 30,600 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 19,400 shares, the short-interest ratio is presently 2.1 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.

A number of institutional investors have recently added to or reduced their stakes in WTM. First Trust Advisors LP grew its position in White Mountains Insurance Group by 4,280.7% in the third quarter. First Trust Advisors LP now owns 20,239 shares of the insurance provider’s stock valued at $21,858,000 after purchasing an additional 19,777 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of White Mountains Insurance Group in the 2nd quarter valued at about $18,525,000. Wells Fargo & Company MN grew its position in shares of 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 valued at $76,224,000 after acquiring an additional 9,417 shares during the period. California Public Employees Retirement System grew its position in shares of White Mountains Insurance Group by 300.0% in the 3rd quarter. California Public Employees Retirement System now owns 6,692 shares of the insurance provider’s stock valued at $7,227,000 after acquiring an additional 5,019 shares during the period. Finally, Citadel Advisors LLC grew its position in shares of White Mountains Insurance Group by 235.7% in the 2nd quarter. Citadel Advisors LLC now owns 5,619 shares of the insurance provider’s stock valued at $5,740,000 after acquiring an additional 3,945 shares during the period. 88.28% of the stock is owned by institutional investors and hedge funds.

White Mountains Insurance Group stock opened at $1,099.00 on Thursday. White Mountains Insurance Group has a 1-year low of $832.88 and a 1-year high of $1,104.14. The company has a fifty day simple moving average of $1,079.31 and a 200 day simple moving average of $1,041.07. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.07.

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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