White Mountains Insurance Group Ltd (NYSE:WTM) Shares Purchased by Comerica Bank

Comerica Bank lifted its position in shares of White Mountains Insurance Group Ltd (NYSE:WTM) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 683 shares of the insurance provider’s stock after buying an additional 31 shares during the quarter. Comerica Bank’s holdings in White Mountains Insurance Group were worth $712,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ETF Managers Group LLC boosted its position in White Mountains Insurance Group by 10.8% during the first quarter. ETF Managers Group LLC now owns 174 shares of the insurance provider’s stock valued at $161,000 after purchasing an additional 17 shares in the last quarter. Lee Danner & Bass Inc. raised its stake in shares of White Mountains Insurance Group by 0.4% in the second quarter. Lee Danner & Bass Inc. now owns 4,607 shares of the insurance provider’s stock worth $4,706,000 after purchasing an additional 19 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in shares of White Mountains Insurance Group in the first quarter worth about $31,000. Envestnet Asset Management Inc. raised its stake in shares of White Mountains Insurance Group by 0.9% in the second quarter. Envestnet Asset Management Inc. now owns 3,914 shares of the insurance provider’s stock worth $3,998,000 after purchasing an additional 33 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in shares of White Mountains Insurance Group by 487.5% in the second quarter. Advisory Services Network LLC now owns 47 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 39 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:WTM traded up $4.63 during trading on Friday, hitting $1,072.60. The stock had a trading volume of 674 shares, compared to its average volume of 20,126. White Mountains Insurance Group Ltd has a 12-month low of $832.88 and a 12-month high of $1,104.14. The stock has a 50-day simple moving average of $1,071.06 and a two-hundred day simple moving average of $993.20. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.08.

White Mountains Insurance Group (NYSE:WTM) last issued its quarterly earnings data on Tuesday, August 6th. The insurance provider reported ($0.79) EPS for the quarter. White Mountains Insurance Group had a net margin of 27.13% and a negative return on equity of 0.88%. The business had revenue of $37.60 million during the quarter.

In related news, insider Jess Brian Palmer sold 431 shares of White Mountains Insurance Group stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $1,016.57, for a total transaction of $438,141.67. Following the transaction, the insider now owns 1,620 shares in the company, valued at $1,646,843.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Robert Lawrence Seelig sold 1,000 shares of White Mountains Insurance Group stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $1,046.09, for a total value of $1,046,090.00. Following the transaction, the executive vice president now owns 12,363 shares in the company, valued at approximately $12,932,810.67. The disclosure for this sale can be found here. Insiders sold 2,431 shares of company stock worth $2,570,442 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

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.

Further Reading: Stochastic Momentum Index (SMI)

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

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