River Road Asset Management LLC Sells 5,791 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

River Road Asset Management LLC lessened its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 4.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 112,415 shares of the insurance provider’s stock after selling 5,791 shares during the period. White Mountains Insurance Group comprises about 2.9% of River Road Asset Management LLC’s portfolio, making the stock its 2nd largest holding. River Road Asset Management LLC’s holdings in White Mountains Insurance Group were worth $218,654,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of WTM. Wallace Capital Management Inc. lifted its holdings in shares of White Mountains Insurance Group by 1.3% during the third quarter. Wallace Capital Management Inc. now owns 82,366 shares of the insurance provider’s stock valued at $139,708,000 after purchasing an additional 1,062 shares during the last quarter. State Street Corp raised its holdings in White Mountains Insurance Group by 5.2% during the 3rd quarter. State Street Corp now owns 54,877 shares of the insurance provider’s stock worth $93,082,000 after buying an additional 2,714 shares during the period. Geode Capital Management LLC lifted its stake in White Mountains Insurance Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 39,844 shares of the insurance provider’s stock valued at $67,603,000 after buying an additional 273 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of White Mountains Insurance Group by 7.9% in the third quarter. Lord Abbett & CO. LLC now owns 33,012 shares of the insurance provider’s stock worth $55,994,000 after buying an additional 2,430 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of White Mountains Insurance Group in the fourth quarter worth approximately $63,160,000. Institutional investors and hedge funds own 88.65% of the company’s stock.

Wall Street Analysts Forecast Growth

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

White Mountains Insurance Group Stock Up 0.2 %

Shares of White Mountains Insurance Group stock opened at $1,893.67 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.10. White Mountains Insurance Group, Ltd. has a 1 year low of $1,665.71 and a 1 year high of $2,023.00. The stock has a 50-day moving average price of $1,882.91 and a 200 day moving average price of $1,860.74. The company has a market cap of $4.81 billion, a P/E ratio of 21.04 and a beta of 0.41.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings results on Friday, February 7th. The insurance provider reported $12.44 EPS 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 Announces Dividend

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 dividend of $1.00 per share. This represents a dividend yield of 0.05%. The ex-dividend date of this dividend is Monday, March 17th. White Mountains Insurance Group’s dividend payout ratio is currently 1.11%.

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.