Ethic Inc. Acquires 35 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Ethic Inc. grew its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 539 shares of the insurance provider’s stock after acquiring an additional 35 shares during the period. Ethic Inc.’s holdings in White Mountains Insurance Group were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of WTM. Vanguard Group Inc. lifted its position in White Mountains Insurance Group by 0.4% during the fourth 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. Boston Partners raised its stake in shares of White Mountains Insurance Group by 0.4% in the fourth quarter. Boston Partners now owns 85,445 shares of the insurance provider’s stock worth $165,820,000 after buying an additional 348 shares during the period. Cooke & Bieler LP purchased a new position in shares of White Mountains Insurance Group during the 4th quarter valued at about $66,268,000. Lord Abbett & CO. LLC grew its stake in shares of White Mountains Insurance Group by 0.3% during the 4th quarter. Lord Abbett & CO. LLC now owns 33,116 shares of the insurance provider’s stock valued at $64,413,000 after acquiring an additional 104 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of White Mountains Insurance Group during the 4th quarter valued at approximately $63,160,000. 88.65% of the stock is currently owned by hedge funds and other institutional investors.

White Mountains Insurance Group Stock Down 1.9%

Shares of WTM stock opened at $1,788.96 on Wednesday. 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, Ltd. has a one year low of $1,666.22 and a one year high of $2,023.00. The company’s fifty day moving average price is $1,807.47 and its 200-day moving average price is $1,869.11. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 19.88 and a beta of 0.34.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings data on Wednesday, May 7th. The insurance provider reported ($20.50) EPS for the quarter, missing the consensus estimate of ($14.00) by ($6.50). The business 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 firm also recently declared 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 was Monday, March 17th. This represents a yield of 0.05%. White Mountains Insurance Group’s dividend payout ratio is presently 9.22%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research note on Tuesday.

White Mountains Insurance Group 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.