(WTM) Shares Trading down at $854.24 White Mountains Reports Second Quarter…

Share

Mackenzie Financial Corp increased its stake in shares of XL Group by 0.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 232,142 shares of the insurance provider's stock valued at $9,253,000 after buying an additional 4,006 shares in the last quarter. Gotham Asset Management LLC bought a new position in shares of XL Group during the first quarter worth approximately $228,000. Finally, Columbia Partners L L C Investment Management purchased a new stake in shares of XL Group during the first quarter valued at approximately $229,000. Macquarie Group Ltd. boosted its stake in shares of XL Group by 8.5% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 43,069 shares of the insurance provider's stock valued at $1,886,000 after buying an additional 32,223 shares during the last quarter. Bank of Montreal Can raised its stake in shares of XL Group by 0.6% in the first quarter. According to the most recently released broker notes, 0 analysts have a rating of "strong buy" on the stock, 0 analysts "buy", 2 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". White Mountains Insurance Group has a one year low of $805.10 and a one year high of $948.94.

XL Group (NYSE XL) traded down 0.07% during trading on Friday, hitting $44.27. Kempner Capital Management Inc. now owns 176,353 shares of the insurance provider's stock worth $7,029,000 after buying an additional 13,785 shares during the last quarter.

The P/E ratio is now 9.40 and the market cap of the company is 3.85B. Shares are trading at $856.75 a tad below the 50 day moving average which is $865.52 and which is marginally under the 200 day moving average of $880.87. The insurance provider reported $2.78 EPS for the quarter, topping the Zacks' consensus estimate of $1.12 by $1.66, MarketWatch Earnings reports. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.78 billion. White Mountains Insurance Group had a net margin of 31.50% and a negative return on equity of 0.27%.

They expect $0.15 EPS, up 40% or $0.06 from last year's $0.09 per share.

Depending on the earnings numbers reported, OneBeacon Insurance Group, Ltd. (NYSE:OB) stock may see increased volatility following the report. Shareholders of record on Friday, September 15th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 14th. The relative volume (ratio between current volume and 3-month average) is presently sitting at 0.19.

More news: Matic signing will improve Paul Pogba

ILLEGAL ACTIVITY WARNING: "White Mountains Insurance Group, Ltd. (NYSE:WTM) Stake Decreased by Credit Suisse AG" was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this article on another publication, it was stolen and republished in violation of United States and worldwide copyright & trademark legislation. The correct version of this news story can be read at https://weekherald.com/2017/08/05/joseph-mauriello-sells-3043-shares-of-xl-group-ltd-xl-stock.html.

Several large investors have recently made changes to their positions in XL.

A total of 16 brokerages have issued a ratings update on XL Group Ltd. Royal Bank Of Canada lifted their target price on shares of XL Group from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday, April 27th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. They now have a $50.00 target price on the insurance provider's stock, up from their prior target price of $46.00.

Let's also take a brief look at the stock price in relation to some highs/lows and moving averages. Following the completion of the transaction, the insider now directly owns 57,525 shares in the company, valued at $2,422,953. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The stock was sold at an average price of $44.55, for a total value of $135,565.65. The disclosure for this sale can be found here. Insiders sold 183,293 shares of company stock valued at $7,767,012 over the last 90 days. In the last quarter, insiders have sold 64,000 shares of company stock worth $1,169,040.

Share