Stock Price Action: White Mountains Insurance Group Ltd Has Another Bullish Trade, Franklin Mutual Advisers Llc Bought Stake!

Stock Price Action: White Mountains Insurance Group Ltd Has Another Bullish Trade, Franklin Mutual Advisers Llc Bought Stake!

The New Franklin Mutual Advisers Llc Holding in White Mountains Insurance Group Ltd

Franklin Mutual Advisers Llc filed with the SEC SC 13G/A form for White Mountains Insurance Group Ltd. The form can be accessed here: 000102387516000051. As reported in Franklin Mutual Advisers Llc’s form, the filler as of late owns 14.8% or 728,492 shares of the Finance–company.

White Mountains Insurance Group Ltd stake is a new one for the and it was filed because of activity on September 30, 2016. We feel this shows Franklin Mutual Advisers Llc’s positive view for the stock.

White Mountains Insurance Group Ltd Institutional Sentiment

Latest Security and Exchange filings show 180 investors own White Mountains Insurance Group Ltd. The institutional ownership in Q3 2015 is high, at 93.13% of the outstanding shares. This is decreased by 329349 the total institutional shares. 4591453 were the shares owned by these institutional investors. In total 25 funds opened new White Mountains Insurance Group Ltd stakes, 52 increased stakes. There were 12 that closed positions and 68 reduced them.

8 managers had the stock in their top Ten. Notable investors are: Reinhart Partners Inc., Wallace Capital Management Inc., Elkhorn Partners Limited Partnership, Mraz Amerine & Associates Inc., Fuller & Thaler Asset Management Inc., Speece Thorson Capital Group Inc, Fenimore Asset Management Inc, Third Avenue Management Llc..

Scout Investments Inc is an institutional investor bullish on White Mountains Insurance Group Ltd, owning 41666 shares as of Q3 2015 for 0.75% of its portfolio. Schaller Investment Group Inc owns 1400 shares or 0.72% of its portfolio. CA Kcm Investment Advisors Llc have 0.06% of their stock portfolio for 988 shares. Further, Roundview Capital Llc reported stake worth 0.09% of its US stock portfolio. The FL Goodhaven Capital Management Llc owns 22804 shares. White Mountains Insurance Group Ltd is 6.60% of the manager’s US portfolio.

Business Profile

White Mountains Insurance Group, Ltd. is an insurance holding company. The Company’s segments include OneBeacon, HG Global/BAM and Other Operations. Its principal businesses are conducted through its insurance, reinsurance and insurance services subsidiaries and affiliates. Its OneBeacon segment consists of OneBeacon Insurance Group, Ltd., which owns a family of property and casualty insurance companies (collectively, OneBeacon). OneBeacon is a specialty property and casualty insurance writer that offers a range of insurance products in the United States primarily through independent agencies, regional and national brokers, wholesalers and managing general agencies. The HG Global/BAM segment consists of HG Global Ltd. (HG Global) and Build America Mutual Assurance Company (BAM). BAM provides insurance on municipal bonds issued to support the United States public purposes, such as schools. Its Other Operations segment consists of the Company and its intermediate holding companies.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment decreased to 0.48 in 2016 Q2. Its down 0.36, from 0.84 in 2016Q1. The ratio worsened, as 15 funds sold all White Mountains Insurance Group Ltd shares owned while 91 reduced positions. 14 funds bought stakes while 37 increased positions. They now own 4.13 million shares or 11.20% less from 4.65 million shares in 2016Q1.

Nationwide Fund holds 0% of its portfolio in White Mountains Insurance Group Ltd (NYSE:WTM) for 173 shares. The Switzerland-based Swiss National Bank & Trust has invested 0.01% in White Mountains Insurance Group Ltd (NYSE:WTM). Fmr Ltd holds 402 shares or 0% of its portfolio. Meeder Asset Mgmt holds 0.03% or 321 shares in its portfolio. Van Den Berg Mngmt I, a Texas-based fund reported 500 shares. Moreover, Credit Suisse Ag has 0% invested in White Mountains Insurance Group Ltd (NYSE:WTM) for 3,159 shares. State Of Alaska Department Of Revenue holds 0.02% of its portfolio in White Mountains Insurance Group Ltd (NYSE:WTM) for 245 shares. Trexquant L P holds 420 shares or 0.05% of its portfolio. Blackrock Fund Advsr, a California-based fund reported 46,235 shares. California State Teachers Retirement has 10,211 shares for 0.02% of their US portfolio. Franklin Resource has invested 0.47% of its portfolio in White Mountains Insurance Group Ltd (NYSE:WTM). State Street, a Massachusetts-based fund reported 59,916 shares. Da Davidson last reported 0.01% of its portfolio in the stock. Wells Fargo & Mn has 32,509 shares for 0.01% of their US portfolio. The Tennessee-based Nfc Invs Limited Liability has invested 0.56% in White Mountains Insurance Group Ltd (NYSE:WTM).

Insider Transactions: Since April 28, 2016, the stock had 1 buy, and 1 sale for $1.04 million net activity. 100 White Mountains Insurance Group Ltd (NYSE:WTM) shares with value of $82,500 were bought by BARRETTE RAYMOND JOSEPH RENE. PALMER JESS BRIAN also sold $1.12M worth of White Mountains Insurance Group Ltd (NYSE:WTM) on Thursday, August 4.

Analysts await White Mountains Insurance Group Ltd (NYSE:WTM) to report earnings on November, 7. They expect $1.86 earnings per share, up 114.13% or $15.02 from last year’s $-13.16 per share. WTM’s profit will be $9.18 million for 111.06 P/E if the $1.86 EPS becomes a reality. After $-7.01 actual earnings per share reported by White Mountains Insurance Group Ltd for the previous quarter, Wall Street now forecasts -126.53% EPS growth.

About 606 shares traded hands. White Mountains Insurance Group Ltd (NYSE:WTM) has risen 7.76% since March 8, 2016 and is uptrending. It has underperformed by 1.56% the S&P500.

White Mountains Insurance Group, Ltd. is an insurance holding company. The company has a market cap of $4.08 billion. The Company’s divisions include OneBeacon, HG Global/BAM and Other Operations. It has a 24.07 P/E ratio. The Company’s principal businesses are conducted through its insurance, reinsurance and insurance services subsidiaries and affiliates.

More recent White Mountains Insurance Group Ltd (NYSE:WTM) news were published by: Marketwatch.com which released: “White Mountains Insurance Group Ltd.” on July 20, 2009. Also Wsj.com published the news titled: “White Mountains Insurance Group Explores Sale of Tranzact” on April 14, 2016. Businesswire.com‘s news article titled: “A.M. Best Affirms Ratings of White Mountains Insurance Group, Ltd., OneBeacon …” with publication date: October 30, 2015 was also an interesting one.

According to Zacks Investment Research, “White Mountains Insurance Group, Ltd. is engaged in the business of property and casualty insurance and reinsurance.”

WTM Company Profile

White Mountains Insurance Group, Ltd., incorporated on October 25, 1999, is an insurance holding company. The Company’s principal businesses are conducted through its insurance, reinsurance and insurance services subsidiaries and affiliates. The Company’s divisions include OneBeacon, HG Global/BAM and Other Operations.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment