Cannell & Spears LLC Has $55.87 Million Stock Position in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Cannell & Spears LLC reduced its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,726 shares of the insurance provider’s stock after selling 197 shares during the quarter. White Mountains Insurance Group accounts for approximately 1.2% of Cannell & Spears LLC’s holdings, making the stock its 25th biggest position. Cannell & Spears LLC’s holdings in White Mountains Insurance Group were worth $55,873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC lifted its position in shares of White Mountains Insurance Group by 4.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,065 shares of the insurance provider’s stock worth $2,071,000 after acquiring an additional 48 shares during the period. Norges Bank acquired a new stake in White Mountains Insurance Group during the fourth quarter valued at approximately $59,661,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of White Mountains Insurance Group by 2.9% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,216 shares of the insurance provider’s stock valued at $2,365,000 after purchasing an additional 34 shares during the period. Vanguard Group Inc. raised its holdings in shares of White Mountains Insurance Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 251,739 shares of the insurance provider’s stock worth $489,647,000 after buying an additional 956 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of White Mountains Insurance Group by 39.7% during the 4th quarter. LPL Financial LLC now owns 1,763 shares of the insurance provider’s stock worth $3,430,000 after buying an additional 501 shares during the period. 88.65% of the stock is currently owned by institutional investors and hedge funds.

White Mountains Insurance Group Trading Down 2.2 %

Shares of WTM stock opened at $1,904.22 on Monday. The company has a market capitalization of $4.84 billion, a P/E ratio of 21.16 and a beta of 0.41. White Mountains Insurance Group, Ltd. has a 12-month low of $1,665.71 and a 12-month high of $2,023.00. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $1,879.59 and a 200 day moving average price of $1,870.57.

White Mountains Insurance Group (NYSE:WTM) last posted its 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 Announces Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 17th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a yield of 0.05%. White Mountains Insurance Group’s dividend payout ratio (DPR) is 1.11%.

Analysts Set New Price Targets

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

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.