Elkhorn Partners Limited Partnership Sells 1,095 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Elkhorn Partners Limited Partnership lessened its position in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,080 shares of the insurance provider's stock after selling 1,095 shares during the quarter. White Mountains Insurance Group makes up about 19.3% of Elkhorn Partners Limited Partnership's portfolio, making the stock its 3rd biggest position. Elkhorn Partners Limited Partnership owned about 0.59% of White Mountains Insurance Group worth $29,332,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cooke & Bieler LP bought a new position in shares of White Mountains Insurance Group during the fourth quarter valued at $66,268,000. Raymond James Financial Inc. purchased a new stake in White Mountains Insurance Group during the fourth quarter valued at about $63,160,000. Norges Bank purchased a new position in shares of White Mountains Insurance Group in the fourth quarter valued at $59,661,000. Proficio Capital Partners LLC purchased a new stake in White Mountains Insurance Group in the 4th quarter worth approximately $45,407,000. Finally, WCM Investment Management LLC bought a new stake in shares of White Mountains Insurance Group during the 4th quarter valued at about $22,477,000. 88.65% of the stock is currently owned by institutional investors and hedge funds.

White Mountains Insurance Group Stock Performance

Shares of NYSE:WTM traded up $1.87 during midday trading on Friday, hitting $1,744.87. The company had a trading volume of 13,947 shares, compared to its average volume of 13,412. White Mountains Insurance Group, Ltd. has a 12-month low of $1,666.22 and a 12-month high of $2,023.00. 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 company has a market cap of $4.43 billion, a price-to-earnings ratio of 19.39 and a beta of 0.34. The company has a fifty day moving average of $1,835.26 and a two-hundred day moving average of $1,874.27.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last released its quarterly 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 net margin of 10.29% and a return on equity of 10.56%.

White Mountains Insurance Group Announces Dividend

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

Analyst Ratings Changes

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

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.