Short Interest in White Mountains Insurance Group, Ltd. (NYSE:WTM) Drops By 22.2%

White Mountains Insurance Group, Ltd. (NYSE:WTM - Get Free Report) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 53,700 shares, a drop of 22.2% from the March 15th total of 69,000 shares. Based on an average trading volume of 16,200 shares, the days-to-cover ratio is currently 3.3 days. Currently, 2.2% of the company's shares are sold short.

Institutional Investors Weigh In On White Mountains Insurance Group

A number of large investors have recently modified their holdings of the company. Barclays PLC grew its holdings in shares of White Mountains Insurance Group by 101.9% during the third quarter. Barclays PLC now owns 1,151 shares of the insurance provider's stock worth $1,953,000 after buying an additional 581 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of White Mountains Insurance Group during the third quarter worth about $1,606,000. Geode Capital Management LLC raised its holdings in White Mountains Insurance Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 39,844 shares of the insurance provider's stock worth $67,603,000 after purchasing an additional 273 shares in the last quarter. Jane Street Group LLC boosted its holdings in White Mountains Insurance Group by 41.0% in the 3rd quarter. Jane Street Group LLC now owns 1,307 shares of the insurance provider's stock valued at $2,217,000 after purchasing an additional 380 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in White Mountains Insurance Group by 17.6% during the 3rd quarter. Franklin Resources Inc. now owns 354 shares of the insurance provider's stock worth $654,000 after purchasing an additional 53 shares during the period. 88.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

White Mountains Insurance Group Price Performance

NYSE WTM traded up $3.06 during trading on Wednesday, hitting $1,747.66. 11,568 shares of the stock traded hands, compared to its average volume of 13,480. 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 has a 50-day simple moving average of $1,826.23 and a 200-day simple moving average of $1,873.43. The company has a market capitalization of $4.44 billion, a P/E ratio of 19.42 and a beta of 0.34. White Mountains Insurance Group has a 12-month low of $1,666.22 and a 12-month high of $2,023.00.

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