Resona Asset Management Co. Ltd. Acquires Shares of 471 White Mountains Insurance Group, Ltd. (NYSE:WTM)

Resona Asset Management Co. Ltd. purchased a new stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 471 shares of the insurance provider's stock, valued at approximately $916,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of WTM. Barclays PLC increased its position in shares of White Mountains Insurance Group by 101.9% in the third quarter. Barclays PLC now owns 1,151 shares of the insurance provider's stock valued at $1,953,000 after acquiring an additional 581 shares during the period. HighTower Advisors LLC increased its holdings in White Mountains Insurance Group by 579.1% during the 3rd quarter. HighTower Advisors LLC now owns 1,562 shares of the insurance provider's stock valued at $2,646,000 after purchasing an additional 1,332 shares during the period. XTX Topco Ltd purchased a new stake in White Mountains Insurance Group in the 3rd quarter worth approximately $678,000. Oddo BHF Asset Management Sas purchased a new stake in White Mountains Insurance Group in the 3rd quarter worth approximately $1,606,000. Finally, Geode Capital Management LLC grew its position in shares of White Mountains Insurance Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 39,844 shares of the insurance provider's stock worth $67,603,000 after buying an additional 273 shares during the last quarter. 88.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

White Mountains Insurance Group Trading Down 0.6 %

Shares of NYSE:WTM traded down $10.23 on Wednesday, hitting $1,748.79. The company had a trading volume of 7,461 shares, compared to its average volume of 13,333. White Mountains Insurance Group, Ltd. has a 1 year low of $1,666.22 and a 1 year high of $2,023.00. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.10. The firm's 50-day simple moving average is $1,843.38 and its two-hundred day simple moving average is $1,874.82. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 19.49 and a beta of 0.34.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The insurance provider reported $12.44 earnings per share 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 firm also recently declared an annual dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 17th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a yield of 0.05%. White Mountains Insurance Group's dividend payout ratio (DPR) is currently 1.11%.

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.