ExodusPoint Capital Management LP Cuts Stock Position in White Mountains Insurance Group, Ltd. (NYSE:WTM)

ExodusPoint Capital Management LP cut its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 50.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 402 shares of the insurance provider's stock after selling 407 shares during the period. ExodusPoint Capital Management LP's holdings in White Mountains Insurance Group were worth $782,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc increased its position in White Mountains Insurance Group by 90.0% during the fourth quarter. Versant Capital Management Inc now owns 19 shares of the insurance provider's stock worth $37,000 after buying an additional 9 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of White Mountains Insurance Group during the 4th quarter worth approximately $37,000. Huntington National Bank raised its stake in White Mountains Insurance Group by 57.1% in the 4th quarter. Huntington National Bank now owns 22 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 8 shares during the period. Eagle Bay Advisors LLC acquired a new stake in White Mountains Insurance Group during the 4th quarter valued at $103,000. Finally, Stonebridge Financial Group LLC bought a new position in White Mountains Insurance Group during the fourth quarter worth $117,000. Institutional investors own 88.65% of the company's stock.

Wall Street Analyst Weigh In

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

Remove Ads

White Mountains Insurance Group Stock Performance

WTM traded up $45.74 during trading on Tuesday, hitting $1,781.87. The stock had a trading volume of 13,806 shares, compared to its average volume of 13,315. White Mountains Insurance Group, Ltd. has a one year low of $1,665.71 and a one year 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 firm has a market cap of $4.53 billion, a price-to-earnings ratio of 19.80 and a beta of 0.34. The company has a 50 day moving average price of $1,847.53 and a 200-day moving average price of $1,875.62.

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

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.