White Mountains Insurance Group (WTM) Position Reduced by Gratus Capital LLC

Gratus Capital LLC reduced its holdings in shares of White Mountains Insurance Group (NYSE:WTM) by 5.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,302 shares of the insurance provider’s stock after selling 125 shares during the quarter. Gratus Capital LLC owned approximately 0.06% of White Mountains Insurance Group worth $1,893,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Signaturefd LLC bought a new stake in shares of White Mountains Insurance Group in the first quarter valued at $111,000. Captrust Financial Advisors bought a new stake in shares of White Mountains Insurance Group in the fourth quarter valued at $125,000. Meadow Creek Investment Management LLC bought a new stake in shares of White Mountains Insurance Group in the first quarter valued at $199,000. Riverhead Capital Management LLC bought a new stake in shares of White Mountains Insurance Group in the first quarter valued at $247,000. Finally, Glen Harbor Capital Management LLC bought a new stake in shares of White Mountains Insurance Group in the first quarter valued at $253,000. Institutional investors and hedge funds own 85.15% of the company’s stock.

Shares of WTM opened at $894.99 on Wednesday. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of -103.83 and a beta of 0.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.54 and a current ratio of 4.54. White Mountains Insurance Group has a 1 year low of $786.23 and a 1 year high of $903.26.

In related news, Director Morgan W. Davis sold 1,100 shares of the business’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $890.49, for a total transaction of $979,539.00. Following the sale, the director now directly owns 18,239 shares in the company, valued at approximately $16,241,647.11. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Robert Lawrence Seelig sold 2,946 shares of the business’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $875.00, for a total value of $2,577,750.00. Following the sale, the executive vice president now owns 17,446 shares in the company, valued at $15,265,250. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Separately, Zacks Investment Research lowered White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 10th.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and reinsurance services in the United States. The company operates through HG Global/BAM, MediaAlpha, and Other segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, core governmental functions, and existing transportation facilities.

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

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