Raymond James Financial Inc. Makes New Investment in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Raymond James Financial Inc. purchased a new stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 32,472 shares of the insurance provider's stock, valued at approximately $63,160,000. Raymond James Financial Inc. owned 1.26% of White Mountains Insurance Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Atria Investments Inc raised its holdings in shares of White Mountains Insurance Group by 8.8% in the 3rd quarter. Atria Investments Inc now owns 584 shares of the insurance provider's stock valued at $990,000 after purchasing an additional 47 shares in the last quarter. Covestor Ltd lifted its holdings in White Mountains Insurance Group by 36.7% during the third quarter. Covestor Ltd now owns 123 shares of the insurance provider's stock worth $209,000 after buying an additional 33 shares during the period. KBC Group NV lifted its holdings in White Mountains Insurance Group by 21.9% during the third quarter. KBC Group NV now owns 78 shares of the insurance provider's stock worth $132,000 after buying an additional 14 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of White Mountains Insurance Group by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 25,220 shares of the insurance provider's stock valued at $42,778,000 after acquiring an additional 379 shares during the period. Finally, Horizon Kinetics Asset Management LLC lifted its stake in shares of White Mountains Insurance Group by 422.9% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 7,138 shares of the insurance provider's stock worth $12,107,000 after purchasing an additional 5,773 shares during the last quarter. 88.65% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

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

White Mountains Insurance Group Stock Down 0.5 %

NYSE WTM traded down $8.76 on Wednesday, hitting $1,856.76. The stock had a trading volume of 11,126 shares, compared to its average volume of 12,159. 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's fifty day moving average price is $1,880.64 and its 200 day moving average price is $1,861.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 20.62 and a beta of 0.41.

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

White Mountains Insurance Group Announces Dividend

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

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.