Cove Street Capital LLC Has $1.81 Million Stock Position in White Mountains Insurance Group, Ltd. $WTM

Cove Street Capital LLC increased its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 128.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,083 shares of the insurance provider’s stock after purchasing an additional 609 shares during the period. White Mountains Insurance Group comprises about 2.4% of Cove Street Capital LLC’s investment portfolio, making the stock its 15th largest position. Cove Street Capital LLC’s holdings in White Mountains Insurance Group were worth $1,810,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in White Mountains Insurance Group by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 157,217 shares of the insurance provider’s stock valued at $262,792,000 after buying an additional 1,464 shares during the period. Cooke & Bieler LP increased its stake in White Mountains Insurance Group by 40.5% in the third quarter. Cooke & Bieler LP now owns 107,851 shares of the insurance provider’s stock valued at $180,275,000 after acquiring an additional 31,070 shares during the period. State Street Corp increased its stake in White Mountains Insurance Group by 4.2% in the second quarter. State Street Corp now owns 57,241 shares of the insurance provider’s stock valued at $102,789,000 after acquiring an additional 2,297 shares during the period. Geode Capital Management LLC raised its position in White Mountains Insurance Group by 0.8% in the second quarter. Geode Capital Management LLC now owns 42,529 shares of the insurance provider’s stock worth $76,384,000 after purchasing an additional 343 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in White Mountains Insurance Group by 7.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 31,698 shares of the insurance provider’s stock worth $52,318,000 after purchasing an additional 2,113 shares during the period. 88.65% of the stock is owned by institutional investors.

White Mountains Insurance Group Trading Up 0.7%

Shares of WTM opened at $2,197.49 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 5.08 and a beta of 0.32. The stock has a fifty day moving average price of $2,131.12 and a two-hundred day moving average price of $1,985.33. White Mountains Insurance Group, Ltd. has a 52-week low of $1,648.00 and a 52-week high of $2,264.70.

White Mountains Insurance Group (NYSE:WTM) last announced its earnings results on Friday, February 6th. The insurance provider reported $39.77 EPS for the quarter, missing the consensus estimate of $379.45 by ($339.68). White Mountains Insurance Group had a return on equity of 8.12% and a net margin of 29.62%.The business had revenue of $1.60 billion for the quarter.

White Mountains Insurance Group Announces Dividend

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

Wall Street Analysts Forecast Growth

WTM has been the topic of a number of recent research reports. Wall Street Zen raised White Mountains Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Weiss Ratings upgraded shares of White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b+)” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, White Mountains Insurance Group currently has an average rating of “Buy”.

Insiders Place Their Bets

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 shares were sold at an average price of $2,048.51, for a total transaction of $338,004.15. Following the transaction, the director directly owned 1,568 shares in the company, valued at approximately $3,212,063.68. This represents a 9.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.20% of the company’s stock.

White Mountains Insurance Group Company 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.