Balyasny Asset Management L.P. purchased a new position in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 277 shares of the insurance provider's stock, valued at approximately $539,000.
Other large investors also recently bought and sold shares of the company. Cooke & Bieler LP acquired a new stake in shares of White Mountains Insurance Group in the fourth quarter valued at approximately $66,268,000. Raymond James Financial Inc. purchased a new position in shares of White Mountains Insurance Group during the fourth quarter worth $63,160,000. Norges Bank purchased a new position in shares of White Mountains Insurance Group during the fourth quarter worth $59,661,000. Proficio Capital Partners LLC purchased a new position in shares of White Mountains Insurance Group during the fourth quarter worth $45,407,000. Finally, WCM Investment Management LLC purchased a new position in shares of White Mountains Insurance Group during the fourth quarter worth $22,477,000. Institutional investors and hedge funds own 88.65% of the company's stock.
White Mountains Insurance Group Stock Up 0.5%
Shares of NYSE WTM traded up $9.91 during mid-day trading on Wednesday, hitting $1,838.01. The company had a trading volume of 7,082 shares, compared to its average volume of 13,630. The company has a market capitalization of $4.73 billion, a PE ratio of 20.42 and a beta of 0.34. 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, Ltd. has a 1-year low of $1,666.22 and a 1-year high of $2,023.00. The business's 50-day simple moving average is $1,800.19 and its 200 day simple moving average is $1,868.66.
White Mountains Insurance Group (NYSE:WTM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The insurance provider reported ($20.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($14.00) by ($6.50). The company had revenue of $472.20 million during 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 firm also recently declared an annual dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th were paid a $1.00 dividend. This represents a yield of 0.05%. The ex-dividend date of this dividend was Monday, March 17th. White Mountains Insurance Group's dividend payout ratio is presently 9.22%.
Analysts Set New Price Targets
Separately, StockNews.com upgraded White Mountains Insurance Group from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th.
Read Our Latest Stock Analysis on WTM
About White Mountains Insurance Group
(
Free Report)
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.
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