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

ExodusPoint Capital Management LP cut its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 50.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 402 shares of the insurance provider’s stock after selling 407 shares during the quarter. ExodusPoint Capital Management LP’s holdings in White Mountains Insurance Group were worth $782,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Huntington National Bank lifted its stake in White Mountains Insurance Group by 57.1% in the fourth 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 last quarter. Columbia Asset Management acquired a new stake in shares of White Mountains Insurance Group in the fourth quarter worth $243,000. Franklin Resources Inc. lifted its stake in shares of White Mountains Insurance Group by 18.9% in the fourth quarter. Franklin Resources Inc. now owns 421 shares of the insurance provider’s stock worth $819,000 after buying an additional 67 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of White Mountains Insurance Group by 4.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,065 shares of the insurance provider’s stock worth $2,071,000 after buying an additional 48 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of White Mountains Insurance Group in the fourth quarter worth $59,661,000. 88.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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 opened at $1,712.35 on Friday. The stock has a market cap of $4.35 billion, a P/E ratio of 19.03 and a beta of 0.34. 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 fifty day moving average price of $1,853.68 and a 200 day moving average price of $1,873.72. 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 results on Friday, February 7th. The insurance provider reported $12.44 earnings per share (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 Dividend Announcement

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

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.