OFI Invest Asset Management Invests $1.32 Million in White Mountains Insurance Group, Ltd. (NYSE:WTM)

OFI Invest Asset Management bought a new position in White Mountains Insurance Group, Ltd. (NYSE:WTM) during the fourth quarter, Holdings Channel reports. The firm bought 704 shares of the insurance provider’s stock, valued at approximately $1,322,000.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of White Mountains Insurance Group during the fourth quarter valued at approximately $63,160,000. Proficio Capital Partners LLC purchased a new position in White Mountains Insurance Group in the fourth quarter worth approximately $45,407,000. WCM Investment Management LLC purchased a new position in White Mountains Insurance Group in the fourth quarter worth approximately $22,477,000. Horizon Kinetics Asset Management LLC grew its position in White Mountains Insurance Group by 422.9% in the third quarter. Horizon Kinetics Asset Management LLC now owns 7,138 shares of the insurance provider’s stock worth $12,107,000 after acquiring an additional 5,773 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of White Mountains Insurance Group by 81.8% during the fourth quarter. Victory Capital Management Inc. now owns 11,548 shares of the insurance provider’s stock worth $22,462,000 after buying an additional 5,195 shares during the period. Hedge funds and other institutional investors own 88.65% of the company’s stock.

Analyst Ratings Changes

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

White Mountains Insurance Group Stock Up 1.8 %

WTM opened at $1,888.85 on Monday. The business’s 50-day simple moving average is $1,882.91 and its 200-day simple moving average is $1,860.74. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.76 and a current ratio of 0.76. White Mountains Insurance Group, Ltd. has a one year low of $1,665.71 and a one year high of $2,023.00. The stock has a market capitalization of $4.80 billion, a P/E ratio of 20.99 and a beta of 0.41.

White Mountains Insurance Group (NYSE:WTM) last issued 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 return on equity of 10.56% and a net margin of 10.29%.

White Mountains Insurance Group Dividend Announcement

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

About White Mountains Insurance Group

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.