Bank of Nova Scotia Sells 349 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Posted by Defense World Staff on May 25th, 2023

Bank of Nova Scotia trimmed its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM – Get Rating) by 59.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 236 shares of the insurance provider’s stock after selling 349 shares during the quarter. Bank of Nova Scotia’s holdings in White Mountains Insurance Group were worth $334,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WTM. Keybank National Association OH boosted its position in shares of White Mountains Insurance Group by 1.9% during the fourth quarter. Keybank National Association OH now owns 372 shares of the insurance provider’s stock valued at $526,000 after buying an additional 7 shares during the last quarter. Signaturefd LLC boosted its position in shares of White Mountains Insurance Group by 17.0% during the fourth quarter. Signaturefd LLC now owns 55 shares of the insurance provider’s stock valued at $78,000 after buying an additional 8 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of White Mountains Insurance Group by 3.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 270 shares of the insurance provider’s stock valued at $382,000 after buying an additional 9 shares during the last quarter. Eaton Vance Management boosted its position in shares of White Mountains Insurance Group by 0.7% during the third quarter. Eaton Vance Management now owns 1,480 shares of the insurance provider’s stock valued at $1,928,000 after buying an additional 10 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its position in shares of White Mountains Insurance Group by 0.5% during the first quarter. First Republic Investment Management Inc. now owns 2,027 shares of the insurance provider’s stock valued at $2,303,000 after buying an additional 10 shares during the last quarter. 87.79% of the stock is owned by institutional investors.

White Mountains Insurance Group Stock Down 1.4 %

WTM stock opened at $1,367.50 on Thursday. White Mountains Insurance Group, Ltd. has a fifty-two week low of $1,172.00 and a fifty-two week high of $1,560.21. The business’s 50-day moving average is $1,408.47 and its two-hundred day moving average is $1,410.39. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 4.07 and a beta of 0.40.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on White Mountains Insurance Group in a research report on Thursday, May 18th. They set a “hold” rating on the stock.

About White Mountains Insurance Group

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White Mountains Insurance Group Ltd. engages in the acquisition of businesses and assets in the insurance, financial services, and related sectors. It operates through the following segments: HG Global/BAM, NSM, Kudu, and Other Operations. The HG Global/BAM segment refers to White Mountains’ investment in HG Global Limited, and the consolidated results of Build America Mutual Assurance Company (BAM).