White Mountains Insurance Group, Ltd. $WTM Stock Holdings Decreased by Truist Financial Corp

Truist Financial Corp lowered its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 37.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 736 shares of the insurance provider’s stock after selling 437 shares during the period. Truist Financial Corp’s holdings in White Mountains Insurance Group were worth $1,529,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cooke & Bieler LP increased its position in shares of White Mountains Insurance Group by 40.5% in the 3rd quarter. Cooke & Bieler LP now owns 107,851 shares of the insurance provider’s stock worth $180,275,000 after purchasing an additional 31,070 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of White Mountains Insurance Group by 86.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,322 shares of the insurance provider’s stock worth $7,224,000 after purchasing an additional 1,999 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of White Mountains Insurance Group in the 3rd quarter worth about $2,950,000. Mraz Amerine & Associates Inc. increased its position in shares of White Mountains Insurance Group by 4.8% in the 3rd quarter. Mraz Amerine & Associates Inc. now owns 22,606 shares of the insurance provider’s stock worth $37,787,000 after purchasing an additional 1,030 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of White Mountains Insurance Group by 83.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,100 shares of the insurance provider’s stock worth $1,839,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 88.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of White Mountains Insurance Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

White Mountains Insurance Group Price Performance

Shares of NYSE:WTM opened at $2,144.13 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.14. White Mountains Insurance Group, Ltd. has a fifty-two week low of $1,648.00 and a fifty-two week high of $2,333.00. The firm has a 50-day simple moving average of $2,206.96 and a 200 day simple moving average of $2,106.38. The company has a market cap of $5.32 billion, a PE ratio of 5.27 and a beta of 0.32.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings data on Wednesday, May 6th. The insurance provider reported ($12.59) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.00) by ($8.59). White Mountains Insurance Group had a net margin of 28.44% and a return on equity of 9.19%. The business had revenue of $517.80 million for the quarter, compared to the consensus estimate of $515.40 million.

White Mountains Insurance Group Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, March 25th. Investors of record on Monday, March 16th were given a dividend of $1.00 per share. This represents a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, March 16th. White Mountains Insurance Group’s dividend payout ratio is currently 0.25%.

White Mountains Insurance Group Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based diversified insurance and financial services holding company organized in 1985 and headquartered in Hamilton, Bermuda. The company operates through a portfolio of insurance, reinsurance and specialty finance businesses, offering a blend of underwriting expertise and investment management to institutional clients worldwide. As a publicly traded entity on the New York Stock Exchange (NYSE: WTM), White Mountains seeks to generate long-term shareholder value by combining disciplined capital management with strategic acquisitions and organic growth initiatives.

Through its principal operating subsidiaries—most notably Sirius International Insurance Group, Ltd.