GW&K Investment Management LLC Cuts Stock Holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM)

GW&K Investment Management LLC trimmed its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 4.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,027 shares of the insurance provider’s stock after selling 339 shares during the period. GW&K Investment Management LLC owned 0.27% of White Mountains Insurance Group worth $10,576,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. grew its stake in shares of White Mountains Insurance Group by 40.1% in the 3rd quarter. Invesco Ltd. now owns 6,563 shares of the insurance provider’s stock worth $9,816,000 after buying an additional 1,877 shares in the last quarter. Morgan Stanley grew its stake in shares of White Mountains Insurance Group by 0.5% in the 3rd quarter. Morgan Stanley now owns 202,923 shares of the insurance provider’s stock worth $303,512,000 after buying an additional 914 shares in the last quarter. QRG Capital Management Inc. purchased a new position in shares of White Mountains Insurance Group in the 3rd quarter worth $776,000. Montag A & Associates Inc. purchased a new position in shares of White Mountains Insurance Group in the 4th quarter worth $29,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of White Mountains Insurance Group by 67.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 12,083 shares of the insurance provider’s stock worth $18,072,000 after buying an additional 4,875 shares in the last quarter. 88.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at White Mountains Insurance Group

In related news, major shareholder Mountains Insurance Grou White sold 5,000,200 shares of White Mountains Insurance Group stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $19.00, for a total transaction of $95,003,800.00. Following the completion of the sale, the insider now owns 17,856,614 shares in the company, valued at approximately $339,275,666. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th.

White Mountains Insurance Group Price Performance

WTM stock opened at $1,774.41 on Thursday. White Mountains Insurance Group, Ltd. has a 12 month low of $1,319.05 and a 12 month high of $1,899.21. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $1,774.96 and a 200 day moving average price of $1,648.13. The stock has a market cap of $4.56 billion, a PE ratio of 8.03 and a beta of 0.42.

White Mountains Insurance Group Announces Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 11th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, March 8th. This represents a dividend yield of 0.06%. White Mountains Insurance Group’s dividend payout ratio is presently 0.45%.

White Mountains Insurance Group Profile

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.