LPL Financial LLC Acquires 501 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

LPL Financial LLC raised its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 39.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,763 shares of the insurance provider's stock after acquiring an additional 501 shares during the quarter. LPL Financial LLC owned approximately 0.07% of White Mountains Insurance Group worth $3,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Cooke & Bieler LP bought a new position in shares of White Mountains Insurance Group in the fourth quarter worth approximately $66,268,000. Raymond James Financial Inc. bought a new position in White Mountains Insurance Group in the 4th quarter worth $63,160,000. Proficio Capital Partners LLC purchased a new stake in White Mountains Insurance Group in the 4th quarter worth $45,407,000. WCM Investment Management LLC purchased a new stake in White Mountains Insurance Group in the 4th quarter worth $22,477,000. Finally, Victory Capital Management Inc. raised its holdings in White Mountains Insurance Group by 81.8% during the fourth quarter. Victory Capital Management Inc. now owns 11,548 shares of the insurance provider's stock valued at $22,462,000 after acquiring an additional 5,195 shares during the period. Institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Price Performance

Shares of White Mountains Insurance Group stock traded down $7.84 on Tuesday, hitting $1,759.36. 11,749 shares of the company traded hands, compared to its average volume of 13,330. White Mountains Insurance Group, Ltd. has a 52 week low of $1,665.71 and a 52 week high of $2,023.00. The business has a 50-day simple moving average of $1,847.53 and a 200 day simple moving average of $1,875.62. 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 stock has a market capitalization of $4.47 billion, a P/E ratio of 19.55 and a beta of 0.34.

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White Mountains Insurance Group (NYSE:WTM - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The insurance provider reported $12.44 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 Dividend Announcement

The company also recently declared an annual dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 17th were paid a dividend of $1.00 per share. This represents a yield of 0.05%. The ex-dividend date of this dividend was Monday, March 17th. White Mountains Insurance Group's payout ratio is presently 1.11%.

Wall Street Analyst Weigh In

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

White Mountains Insurance Group Company 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.