Algert Global LLC Makes New $453,000 Investment in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Algert Global LLC acquired a new position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 233 shares of the insurance provider’s stock, valued at approximately $453,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WTM. Barclays PLC increased its holdings in shares of White Mountains Insurance Group by 101.9% in the 3rd quarter. Barclays PLC now owns 1,151 shares of the insurance provider’s stock valued at $1,953,000 after acquiring an additional 581 shares during the period. Franklin Resources Inc. increased its holdings in shares of White Mountains Insurance Group by 17.6% in the 3rd quarter. Franklin Resources Inc. now owns 354 shares of the insurance provider’s stock valued at $654,000 after acquiring an additional 53 shares during the period. Eagle Bay Advisors LLC acquired a new position in shares of White Mountains Insurance Group in the 4th quarter valued at $103,000. Park Avenue Securities LLC increased its holdings in shares of White Mountains Insurance Group by 13.5% in the 4th quarter. Park Avenue Securities LLC now owns 598 shares of the insurance provider’s stock valued at $1,163,000 after acquiring an additional 71 shares during the period. Finally, HB Wealth Management LLC acquired a new position in shares of White Mountains Insurance Group in the 4th quarter valued at $241,000. Institutional investors and hedge funds own 88.65% of the company’s stock.

White Mountains Insurance Group Stock Performance

Shares of White Mountains Insurance Group stock opened at $1,799.19 on Monday. The firm’s fifty day simple moving average is $1,809.22 and its 200-day simple moving average is $1,869.59. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 19.99 and a beta of 0.34. 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.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings data on Wednesday, May 7th. The insurance provider reported ($20.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($14.00) by ($6.50). The firm had revenue of $472.20 million during 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 disclosed an annual dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th were paid a $1.00 dividend. The ex-dividend date was Monday, March 17th. This represents a yield of 0.05%. White Mountains Insurance Group’s dividend payout ratio is currently 1.11%.

Analyst Upgrades and Downgrades

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

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.