Horizon Kinetics Asset Management LLC Grows Position in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Horizon Kinetics Asset Management LLC grew its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 41.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,089 shares of the insurance provider's stock after purchasing an additional 2,951 shares during the quarter. Horizon Kinetics Asset Management LLC owned approximately 0.39% of White Mountains Insurance Group worth $19,624,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WTM. Cooke & Bieler LP purchased a new stake in White Mountains Insurance Group in the 4th quarter valued at about $66,268,000. Raymond James Financial Inc. bought a new stake in shares of White Mountains Insurance Group during the fourth quarter valued at approximately $63,160,000. Proficio Capital Partners LLC purchased a new stake in shares of White Mountains Insurance Group in the fourth quarter valued at approximately $45,407,000. WCM Investment Management LLC bought a new position in White Mountains Insurance Group in the fourth quarter worth approximately $22,477,000. Finally, Victory Capital Management Inc. increased its holdings in White Mountains Insurance Group by 81.8% during the 4th quarter. Victory Capital Management Inc. now owns 11,548 shares of the insurance provider's stock worth $22,462,000 after purchasing an additional 5,195 shares during the period. 88.65% of the stock is currently owned by institutional investors.

White Mountains Insurance Group Stock Down 0.6 %

White Mountains Insurance Group stock traded down $11.06 during midday trading on Friday, hitting $1,862.73. 20,716 shares of the company's stock were exchanged, compared to its average volume of 12,348. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $4.73 billion, a PE ratio of 20.70 and a beta of 0.41. The firm has a 50-day moving average of $1,874.83 and a two-hundred day moving average of $1,864.51. White Mountains Insurance Group, Ltd. has a 12 month low of $1,665.71 and a 12 month high of $2,023.00.

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White Mountains Insurance Group (NYSE:WTM - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The insurance provider reported $12.44 earnings per share (EPS) for the quarter. White Mountains Insurance Group had a net margin of 10.29% and a return on equity of 10.56%.

White Mountains Insurance Group Announces Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Monday, March 17th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a dividend yield of 0.05%. White Mountains Insurance Group's dividend payout ratio is presently 1.11%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut White Mountains Insurance Group from a "hold" rating to a "sell" rating in a report on Monday, February 10th.

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.