White Mountains Insurance Group, Ltd. (NYSE:WTM) is Elkhorn Partners Limited Partnership’s 3rd Largest Position

Elkhorn Partners Limited Partnership cut its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 9.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,200 shares of the insurance provider’s stock after selling 1,619 shares during the period. White Mountains Insurance Group comprises approximately 19.0% of Elkhorn Partners Limited Partnership’s portfolio, making the stock its 3rd largest position. Elkhorn Partners Limited Partnership owned approximately 0.63% of White Mountains Insurance Group worth $29,068,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC boosted its stake in shares of White Mountains Insurance Group by 3.2% during the fourth quarter. Opal Wealth Advisors LLC now owns 223 shares of the insurance provider’s stock worth $336,000 after buying an additional 7 shares during the period. Equitable Trust Co. boosted its stake in shares of White Mountains Insurance Group by 3.2% during the first quarter. Equitable Trust Co. now owns 223 shares of the insurance provider’s stock worth $400,000 after buying an additional 7 shares during the period. UMB Bank n.a. boosted its stake in shares of White Mountains Insurance Group by 53.8% during the first quarter. UMB Bank n.a. now owns 20 shares of the insurance provider’s stock worth $36,000 after buying an additional 7 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of White Mountains Insurance Group by 0.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,038 shares of the insurance provider’s stock worth $1,862,000 after buying an additional 7 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of White Mountains Insurance Group by 38.1% during the fourth quarter. Blue Trust Inc. now owns 29 shares of the insurance provider’s stock worth $43,000 after buying an additional 8 shares during the period. 88.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other White Mountains Insurance Group news, major shareholder Mountains Insurance Grou White sold 5,000,200 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $19.00, for a total value of $95,003,800.00. Following the completion of the transaction, the insider now directly owns 17,856,614 shares of the company’s stock, valued at $339,275,666. The sale was disclosed in a filing with the SEC, which is available at this link. 3.00% of the stock is currently owned by corporate insiders.

White Mountains Insurance Group Stock Performance

NYSE WTM traded up $34.42 during trading hours on Tuesday, hitting $1,764.24. 10,716 shares of the stock were exchanged, compared to its average volume of 10,944. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 7.98 and a beta of 0.44. White Mountains Insurance Group, Ltd. has a 12-month low of $1,401.01 and a 12-month high of $1,899.21. The stock has a 50-day moving average of $1,753.21 and a 200 day moving average of $1,739.08. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings results on Thursday, May 9th. The insurance provider reported $86.04 earnings per share (EPS) for the quarter. The firm had revenue of $394.90 million during the quarter. White Mountains Insurance Group had a net margin of 24.81% and a return on equity of 8.34%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th.

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.