Columbia Asset Management Makes New Investment in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Columbia Asset Management acquired a new stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 125 shares of the insurance provider’s stock, valued at approximately $243,000.

Several other hedge funds have also made changes to their positions in WTM. Franklin Resources Inc. lifted its position in shares of White Mountains Insurance Group by 18.9% in the 4th quarter. Franklin Resources Inc. now owns 421 shares of the insurance provider’s stock worth $819,000 after acquiring an additional 67 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of White Mountains Insurance Group by 4.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,065 shares of the insurance provider’s stock valued at $2,071,000 after purchasing an additional 48 shares in the last quarter. Norges Bank bought a new position in White Mountains Insurance Group in the fourth quarter worth $59,661,000. Mitsubishi UFJ Trust & Banking Corp boosted its stake in White Mountains Insurance Group by 2.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,216 shares of the insurance provider’s stock worth $2,365,000 after buying an additional 34 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in White Mountains Insurance Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 251,739 shares of the insurance provider’s stock valued at $489,647,000 after buying an additional 956 shares during the period. Institutional investors own 88.65% of the company’s stock.

White Mountains Insurance Group Stock Down 1.4 %

Shares of WTM opened at $1,897.91 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $1,882.28 and a two-hundred day moving average price of $1,873.32. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 21.09 and a beta of 0.41. White Mountains Insurance Group, Ltd. has a 12 month low of $1,665.71 and a 12 month high of $2,023.00.

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

White Mountains Insurance Group Announces Dividend

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

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a report 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.