TD Asset Management Inc Reduces Holdings in White Mountains Insurance Group, Ltd. $WTM

TD Asset Management Inc trimmed its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 27.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,166 shares of the insurance provider’s stock after selling 452 shares during the quarter. TD Asset Management Inc’s holdings in White Mountains Insurance Group were worth $1,949,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its stake in shares of White Mountains Insurance Group by 325.0% during the first quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 13 shares during the period. Covestor Ltd boosted its position in White Mountains Insurance Group by 366.7% during the 3rd quarter. Covestor Ltd now owns 28 shares of the insurance provider’s stock valued at $48,000 after buying an additional 22 shares during the period. EverSource Wealth Advisors LLC boosted its position in White Mountains Insurance Group by 230.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 43 shares of the insurance provider’s stock valued at $77,000 after buying an additional 30 shares during the period. Quent Capital LLC bought a new stake in White Mountains Insurance Group in the 3rd quarter worth $100,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of White Mountains Insurance Group in the second quarter valued at about $136,000. Institutional investors own 88.65% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at White Mountains Insurance Group

In other White Mountains Insurance Group 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 transaction of $338,004.15. Following the transaction, the director owned 1,568 shares in the company, valued at approximately $3,212,063.68. This represents a 9.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.20% of the company’s stock.

White Mountains Insurance Group Stock Performance

NYSE:WTM opened at $2,189.73 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.89 and a debt-to-equity ratio of 0.14. The firm’s fifty day simple moving average is $2,116.58 and its 200 day simple moving average is $1,970.04. The stock has a market cap of $5.41 billion, a P/E ratio of 5.06 and a beta of 0.32. White Mountains Insurance Group, Ltd. has a twelve month low of $1,648.00 and a twelve month high of $2,264.70.

White Mountains Insurance Group (NYSE:WTM) last posted 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). The company had revenue of $1.60 billion during the quarter. White Mountains Insurance Group had a return on equity of 8.12% and a net margin of 29.62%.

White Mountains Insurance Group Dividend Announcement

The company 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 dividend of $1.00 per share. This represents a yield of 4.0%. The ex-dividend date of this dividend is Monday, March 16th. White Mountains Insurance Group’s payout ratio is presently 0.23%.

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.