White Mountains Insurance Group (NYSE:WTM) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of White Mountains Insurance Group (NYSE:WTM) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Separately, TheStreet raised White Mountains Insurance Group from a c+ rating to a b rating in a report on Wednesday, January 17th.

White Mountains Insurance Group Stock Up 0.8 %

Shares of WTM opened at $1,709.10 on Friday. The company has a market capitalization of $4.39 billion, a P/E ratio of 8.61 and a beta of 0.42. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.94 and a quick ratio of 0.94. White Mountains Insurance Group has a one year low of $1,319.05 and a one year high of $1,849.99. The business’s 50 day simple moving average is $1,749.65 and its 200-day simple moving average is $1,593.81.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $27.14 earnings per share (EPS) for the quarter. White Mountains Insurance Group had a return on equity of 4.08% and a net margin of 23.50%. The firm had revenue of $453.80 million for the quarter.

White Mountains Insurance Group Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were issued a dividend of $1.00 per share. This represents a yield of 0.06%. The ex-dividend date of this dividend was Friday, March 8th. White Mountains Insurance Group’s dividend payout ratio is 0.50%.

Institutional Trading of White Mountains Insurance Group

Several institutional investors and hedge funds have recently made changes to their positions in WTM. Morgan Stanley raised its position in shares of White Mountains Insurance Group by 712.3% during the 4th quarter. Morgan Stanley now owns 189,671 shares of the insurance provider’s stock valued at $268,257,000 after acquiring an additional 166,320 shares during the last quarter. Moneta Group Investment Advisors LLC bought a new stake in shares of White Mountains Insurance Group during the 4th quarter valued at $228,701,000. Global Assets Advisory LLC bought a new stake in shares of White Mountains Insurance Group during the 1st quarter valued at $241,384,000. Select Equity Group L.P. bought a new stake in shares of White Mountains Insurance Group during the 1st quarter valued at $46,821,000. Finally, Norges Bank bought a new stake in shares of White Mountains Insurance Group during the 4th quarter valued at $42,501,000. Institutional investors own 88.65% of the company’s stock.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services.