DAVENPORT & Co LLC Sells 50 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

DAVENPORT & Co LLC cut its position in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,188 shares of the insurance provider’s stock after selling 50 shares during the quarter. DAVENPORT & Co LLC owned about 0.09% of White Mountains Insurance Group worth $3,293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ronald Blue Trust Inc. raised its stake in shares of White Mountains Insurance Group by 61.5% during the 3rd quarter. Ronald Blue Trust Inc. now owns 21 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 8 shares during the period. Gladius Capital Management LP raised its stake in shares of White Mountains Insurance Group by 500.0% during the 3rd quarter. Gladius Capital Management LP now owns 24 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 20 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of White Mountains Insurance Group by 140.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 24 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 14 shares during the period. Blue Trust Inc. raised its stake in shares of White Mountains Insurance Group by 38.1% during the 4th quarter. Blue Trust Inc. now owns 29 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 8 shares during the period. Finally, Farther Finance Advisors LLC bought a new stake in shares of White Mountains Insurance Group during the 2nd quarter valued at $53,000. 88.65% of the stock is currently owned by institutional investors.

White Mountains Insurance Group Price Performance

White Mountains Insurance Group stock opened at $1,739.25 on Friday. White Mountains Insurance Group, Ltd. has a 52 week low of $1,319.05 and a 52 week high of $1,849.99. The business has a 50-day simple moving average of $1,728.42 and a 200 day simple moving average of $1,581.74. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.12. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 8.76 and a beta of 0.42.

White Mountains Insurance Group (NYSE:WTM) last posted its earnings results on Wednesday, February 7th. The insurance provider reported $27.14 EPS for the quarter. White Mountains Insurance Group had a return on equity of 4.08% and a net margin of 23.50%. The business had revenue of $453.80 million during the quarter.

White Mountains Insurance Group Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were issued a $1.00 dividend. This represents a dividend yield of 0.06%. The ex-dividend date was Friday, March 8th. White Mountains Insurance Group’s payout ratio is currently 0.50%.

Analysts Set New Price Targets

Separately, TheStreet upgraded White Mountains Insurance Group from a “c+” rating to a “b” rating in a research report on Wednesday, January 17th.

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.