Royce & Associates LP Cuts Stake in White Mountains Insurance Group Ltd (WTM)

Royce & Associates LP cut its position in White Mountains Insurance Group Ltd (NYSE:WTM) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,178 shares of the insurance provider’s stock after selling 71 shares during the period. Royce & Associates LP’s holdings in White Mountains Insurance Group were worth $1,868,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Man Group plc increased its holdings in shares of White Mountains Insurance Group by 3.4% in the third quarter. Man Group plc now owns 11,633 shares of the insurance provider’s stock valued at $10,887,000 after purchasing an additional 380 shares during the period. Vanguard Group Inc. increased its holdings in shares of White Mountains Insurance Group by 3.0% in the third quarter. Vanguard Group Inc. now owns 279,266 shares of the insurance provider’s stock valued at $261,356,000 after purchasing an additional 8,080 shares during the period. Port Capital LLC increased its holdings in shares of White Mountains Insurance Group by 12.0% in the third quarter. Port Capital LLC now owns 9,050 shares of the insurance provider’s stock valued at $8,470,000 after purchasing an additional 970 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of White Mountains Insurance Group by 5.9% in the third quarter. Dimensional Fund Advisors LP now owns 120,261 shares of the insurance provider’s stock valued at $112,547,000 after purchasing an additional 6,751 shares during the period. Finally, Federated Investors Inc. PA acquired a new position in shares of White Mountains Insurance Group in the third quarter valued at about $26,391,000. 88.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of WTM opened at $912.93 on Thursday. White Mountains Insurance Group Ltd has a 52 week low of $800.25 and a 52 week high of $980.89. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $2.93 billion, a PE ratio of -87.03 and a beta of 0.46.

White Mountains Insurance Group (NYSE:WTM) last issued its earnings results on Wednesday, February 6th. The insurance provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.97). White Mountains Insurance Group had a positive return on equity of 0.14% and a negative net margin of 38.26%. The company had revenue of $11.60 million during the quarter.

The business also recently announced an annual dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Monday, March 18th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, March 15th. This represents a dividend yield of 0.11%. White Mountains Insurance Group’s payout ratio is -9.53%.

In other news, Director Yves Brouillette sold 3,360 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $908.51, for a total value of $3,052,593.60. Following the sale, the director now owns 6,949 shares in the company, valued at $6,313,235.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lowndes Andrew Smith sold 200 shares of the company’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $845.85, for a total value of $169,170.00. Following the completion of the sale, the director now owns 3,052 shares in the company, valued at approximately $2,581,534.20. The disclosure for this sale can be found here. Insiders sold 5,560 shares of company stock worth $5,130,344 in the last 90 days. Company insiders own 4.00% of the company’s stock.

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About White Mountains Insurance Group

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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Want to see what other hedge funds are holding WTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for White Mountains Insurance Group Ltd (NYSE:WTM).

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

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