White Mountains Insurance Group Ltd (WTM) Position Raised by Millennium Management LLC

Millennium Management LLC increased its position in shares of White Mountains Insurance Group Ltd (NYSE:WTM) by 83.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,481 shares of the insurance provider’s stock after purchasing an additional 10,675 shares during the period. Millennium Management LLC’s holdings in White Mountains Insurance Group were worth $19,989,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Captrust Financial Advisors acquired a new stake in shares of White Mountains Insurance Group during the fourth quarter valued at about $125,000. Raymond James & Associates increased its position in shares of White Mountains Insurance Group by 19.9% during the fourth quarter. Raymond James & Associates now owns 8,911 shares of the insurance provider’s stock valued at $7,586,000 after acquiring an additional 1,478 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of White Mountains Insurance Group during the fourth quarter valued at about $3,352,000. Goldman Sachs Group Inc. increased its position in shares of White Mountains Insurance Group by 72.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 18,516 shares of the insurance provider’s stock valued at $15,762,000 after acquiring an additional 7,761 shares during the last quarter. Finally, Elkhorn Partners Limited Partnership increased its position in shares of White Mountains Insurance Group by 0.3% during the fourth quarter. Elkhorn Partners Limited Partnership now owns 29,065 shares of the insurance provider’s stock valued at $24,742,000 after acquiring an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 83.69% of the company’s stock.

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Separately, Zacks Investment Research cut shares of White Mountains Insurance Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 28th.

Shares of NYSE:WTM opened at $822.52 on Friday. White Mountains Insurance Group Ltd has a 1-year low of $786.23 and a 1-year high of $903.26. The stock has a market cap of $3,075.60, a price-to-earnings ratio of -95.42 and a beta of 0.47. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.01.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.83). White Mountains Insurance Group had a net margin of 94.29% and a return on equity of 0.71%. The company had revenue of $20.10 million for the quarter. equities research analysts predict that White Mountains Insurance Group Ltd will post 4.6 earnings per share for the current fiscal year.

The business also recently declared an annual dividend, which was paid on Wednesday, March 28th. Shareholders of record on Monday, March 19th were given a dividend of $1.00 per share. The ex-dividend date was Friday, March 16th. White Mountains Insurance Group’s dividend payout ratio is presently -11.60%.

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White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and reinsurance services in the United States. The company operates through HG Global/BAM, MediaAlpha, and Other segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, core governmental functions, and existing transportation facilities.

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Institutional Ownership by Quarter for White Mountains Insurance Group (NYSE:WTM)

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