Royce & Associates LP Decreases Stock Holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Royce & Associates LP decreased its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,306 shares of the insurance provider’s stock after selling 2,161 shares during the quarter. Royce & Associates LP owned about 0.48% of White Mountains Insurance Group worth $23,936,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WTM. Cooke & Bieler LP purchased a new stake in White Mountains Insurance Group during the fourth quarter valued at $66,268,000. Raymond James Financial Inc. purchased a new stake in White Mountains Insurance Group during the fourth quarter valued at $63,160,000. Proficio Capital Partners LLC purchased a new stake in White Mountains Insurance Group during the fourth quarter valued at $45,407,000. WCM Investment Management LLC purchased a new stake in White Mountains Insurance Group during the fourth quarter valued at $22,477,000. Finally, Horizon Kinetics Asset Management LLC raised its stake in White Mountains Insurance Group by 422.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 7,138 shares of the insurance provider’s stock valued at $12,107,000 after purchasing an additional 5,773 shares in the last quarter. Hedge funds and other institutional investors own 88.65% of the company’s stock.

White Mountains Insurance Group Trading Up 1.5 %

Shares of WTM opened at $1,884.83 on Monday. White Mountains Insurance Group, Ltd. has a twelve month low of $1,665.71 and a twelve month high of $2,023.00. The company has a market cap of $4.79 billion, a P/E ratio of 20.94 and a beta of 0.41. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.10. The company’s fifty day simple moving average is $1,876.33 and its 200-day simple moving average is $1,863.65.

White Mountains Insurance Group (NYSE:WTM) last announced its earnings results on Friday, February 7th. The insurance provider reported $12.44 earnings per share for the quarter. White Mountains Insurance Group had a net margin of 10.29% and a return on equity of 10.56%.

White Mountains Insurance Group Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Monday, March 17th will be issued a $1.00 dividend. This represents a dividend yield of 0.05%. The ex-dividend date is Monday, March 17th. White Mountains Insurance Group’s payout ratio is presently 1.11%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th.

White Mountains Insurance Group 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.