Cannell & Spears LLC Lowers Position in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Cannell & Spears LLC cut its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,726 shares of the insurance provider's stock after selling 197 shares during the period. White Mountains Insurance Group makes up 1.2% of Cannell & Spears LLC's holdings, making the stock its 25th biggest holding. Cannell & Spears LLC owned approximately 1.12% of White Mountains Insurance Group worth $55,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. O Shaughnessy Asset Management LLC grew its stake in shares of White Mountains Insurance Group by 4.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,065 shares of the insurance provider's stock worth $2,071,000 after acquiring an additional 48 shares in the last quarter. Norges Bank acquired a new position in White Mountains Insurance Group during the 4th quarter worth $59,661,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in White Mountains Insurance Group by 2.9% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,216 shares of the insurance provider's stock worth $2,365,000 after purchasing an additional 34 shares during the period. Vanguard Group Inc. raised its position in White Mountains Insurance Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 251,739 shares of the insurance provider's stock valued at $489,647,000 after purchasing an additional 956 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of White Mountains Insurance Group by 39.7% in the 4th quarter. LPL Financial LLC now owns 1,763 shares of the insurance provider's stock valued at $3,430,000 after buying an additional 501 shares during the period. 88.65% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

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

White Mountains Insurance Group Stock Down 3.3 %

WTM stock traded down $61.44 during trading on Friday, hitting $1,803.41. 18,961 shares of the company's stock were exchanged, compared to its average volume of 15,360. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 19.96 and a beta of 0.34. White Mountains Insurance Group, Ltd. has a 52-week low of $1,665.71 and a 52-week high of $2,023.00. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $1,881.36 and a two-hundred day moving average price of $1,873.02.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last posted its 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 Announces Dividend

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

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.