MML Investors Services LLC lifted its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 13.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,342 shares of the insurance provider's stock after acquiring an additional 280 shares during the period. MML Investors Services LLC owned 0.09% of White Mountains Insurance Group worth $4,555,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in WTM. AMG National Trust Bank grew its position in White Mountains Insurance Group by 1.2% in the 4th quarter. AMG National Trust Bank now owns 572 shares of the insurance provider's stock valued at $1,104,000 after buying an additional 7 shares in the last quarter. Arizona State Retirement System raised its position in shares of White Mountains Insurance Group by 0.9% during the fourth quarter. Arizona State Retirement System now owns 746 shares of the insurance provider's stock valued at $1,451,000 after buying an additional 7 shares during the last quarter. Main Street Financial Solutions LLC raised its position in White Mountains Insurance Group by 0.7% in the fourth quarter. Main Street Financial Solutions LLC now owns 1,009 shares of the insurance provider's stock worth $1,963,000 after purchasing an additional 7 shares in the last quarter. Russell Investments Group Ltd. raised its position in White Mountains Insurance Group by 5.4% in the fourth quarter. Russell Investments Group Ltd. now owns 137 shares of the insurance provider's stock worth $266,000 after purchasing an additional 7 shares in the last quarter. Finally, GeoWealth Management LLC increased its holdings in shares of White Mountains Insurance Group by 26.9% during the fourth quarter. GeoWealth Management LLC now owns 33 shares of the insurance provider's stock worth $64,000 after buying an additional 7 shares in the last quarter. 88.65% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut White Mountains Insurance Group from a "hold" rating to a "sell" rating in a report on Monday, February 10th.
View Our Latest Report on White Mountains Insurance Group
White Mountains Insurance Group Price Performance
WTM traded up $22.73 on Tuesday, hitting $1,780.80. 18,679 shares of the stock were exchanged, compared to its average volume of 13,521. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 19.79 and a beta of 0.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.76 and a quick ratio of 0.76. White Mountains Insurance Group, Ltd. has a 12 month low of $1,666.22 and a 12 month high of $2,023.00. The business has a 50-day moving average of $1,819.73 and a two-hundred day moving average of $1,873.65.
White Mountains Insurance Group (NYSE:WTM - Get Free Report) last announced its quarterly earnings data 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. Shareholders of record on Monday, March 17th were issued a $1.00 dividend. This represents a yield of 0.05%. The ex-dividend date was Monday, March 17th. White Mountains Insurance Group's payout ratio is 1.11%.
About White Mountains Insurance Group
(
Free Report)
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.
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