Royce & Associates LP Has $10.53 Million Stake in White Mountains Insurance Group, Ltd. $WTM

Royce & Associates LP lowered its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 4.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,302 shares of the insurance provider’s stock after selling 301 shares during the quarter. Royce & Associates LP’s holdings in White Mountains Insurance Group were worth $10,534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cooke & Bieler LP raised its holdings in White Mountains Insurance Group by 40.5% during the third quarter. Cooke & Bieler LP now owns 107,851 shares of the insurance provider’s stock worth $180,275,000 after buying an additional 31,070 shares during the last quarter. Boston Partners grew its holdings in shares of White Mountains Insurance Group by 4.9% during the second quarter. Boston Partners now owns 89,394 shares of the insurance provider’s stock valued at $160,471,000 after buying an additional 4,158 shares during the last quarter. State Street Corp increased its position in shares of White Mountains Insurance Group by 4.2% during the second quarter. State Street Corp now owns 57,241 shares of the insurance provider’s stock worth $102,789,000 after acquiring an additional 2,297 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of White Mountains Insurance Group by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 42,529 shares of the insurance provider’s stock worth $76,384,000 after acquiring an additional 343 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in White Mountains Insurance Group by 7.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 31,698 shares of the insurance provider’s stock valued at $52,318,000 after acquiring an additional 2,113 shares in the last quarter. Institutional investors own 88.65% of the company’s stock.

White Mountains Insurance Group Stock Performance

NYSE WTM opened at $2,217.28 on Wednesday. The company has a fifty day moving average price of $2,111.79 and a 200-day moving average price of $1,966.69. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 5.13 and a beta of 0.32. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.75 and a quick ratio of 0.75. White Mountains Insurance Group, Ltd. has a 1 year low of $1,648.00 and a 1 year high of $2,264.70.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings results on Friday, February 6th. The insurance provider reported $39.77 earnings per share for the quarter, missing analysts’ consensus estimates of $379.45 by ($339.68). White Mountains Insurance Group had a net margin of 29.62% and a return on equity of 8.41%. The firm had revenue of $1.60 billion for the quarter.

White Mountains Insurance Group Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Monday, March 16th will be paid a $1.00 dividend. This represents a dividend yield of 4.0%. The ex-dividend date is Monday, March 16th. White Mountains Insurance Group’s payout ratio is presently 0.23%.

Insider Buying and Selling at White Mountains Insurance Group

In other news, Director Philip A. Gelston sold 165 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $2,048.51, for a total value of $338,004.15. Following the completion of the transaction, the director directly owned 1,568 shares of the company’s stock, valued at $3,212,063.68. This represents a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b+)” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

White Mountains Insurance Group Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based diversified insurance and financial services holding company organized in 1985 and headquartered in Hamilton, Bermuda. The company operates through a portfolio of insurance, reinsurance and specialty finance businesses, offering a blend of underwriting expertise and investment management to institutional clients worldwide. As a publicly traded entity on the New York Stock Exchange (NYSE: WTM), White Mountains seeks to generate long-term shareholder value by combining disciplined capital management with strategic acquisitions and organic growth initiatives.

Through its principal operating subsidiaries—most notably Sirius International Insurance Group, Ltd.