PNC Financial Services Group Inc. Sells 253 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

PNC Financial Services Group Inc. trimmed its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 38.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 399 shares of the insurance provider’s stock after selling 253 shares during the quarter. PNC Financial Services Group Inc.’s holdings in White Mountains Insurance Group were worth $601,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP bought a new stake in White Mountains Insurance Group in the 4th quarter worth about $26,000. Montag A & Associates Inc. bought a new stake in shares of White Mountains Insurance Group during the 4th quarter valued at about $29,000. GAMMA Investing LLC bought a new stake in shares of White Mountains Insurance Group during the 4th quarter valued at about $33,000. Gladius Capital Management LP grew its stake in shares of White Mountains Insurance Group by 500.0% during the 3rd quarter. Gladius Capital Management LP now owns 24 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 20 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of White Mountains Insurance Group by 38.1% during the 4th quarter. Blue Trust Inc. now owns 29 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 8 shares during the period. 88.65% of the stock is currently owned by institutional investors.

White Mountains Insurance Group Stock Down 2.4 %

WTM stock opened at $1,735.42 on Thursday. White Mountains Insurance Group, Ltd. has a twelve month low of $1,358.04 and a twelve month high of $1,899.21. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4.45 billion, a P/E ratio of 7.85 and a beta of 0.44. The business’s 50-day moving average price is $1,777.91 and its 200-day moving average price is $1,695.30.

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

Insider Activity

In other news, major shareholder Mountains Insurance Grou White sold 5,000,200 shares of White Mountains Insurance Group stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $19.00, for a total transaction of $95,003,800.00. Following the transaction, the insider now directly owns 17,856,614 shares of the company’s stock, valued at approximately $339,275,666. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

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

White Mountains Insurance Group Company Profile

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.