White Mountains Insurance Group, Ltd. (NYSE:WTM) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,453 shares of the insurance provider's stock after selling 1,006 shares during the period. Bank of America Corp DE owned approximately 1.61% of White Mountains Insurance Group worth $80,629,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Huntington National Bank increased its position in shares of White Mountains Insurance Group by 57.1% in the 4th 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 period. GeoWealth Management LLC increased its holdings in White Mountains Insurance Group by 26.9% in the 4th quarter. GeoWealth Management LLC now owns 33 shares of the insurance provider's stock worth $64,000 after buying an additional 7 shares during the period. Eagle Bay Advisors LLC purchased a new position in White Mountains Insurance Group during the 4th quarter worth approximately $103,000. Stonebridge Financial Group LLC purchased a new position in White Mountains Insurance Group during the 4th quarter worth approximately $117,000. Finally, Tower Research Capital LLC TRC lifted its stake in White Mountains Insurance Group by 66.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 60 shares of the insurance provider's stock valued at $117,000 after acquiring an additional 24 shares during the period. Institutional investors and hedge funds own 88.65% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded White Mountains Insurance Group from a "sell" rating to a "hold" rating in a research note on Tuesday.

White Mountains Insurance Group Stock Performance

Shares of NYSE:WTM traded up $27.05 during trading on Thursday, hitting $1,796.00. 9,532 shares of the stock traded hands, compared to its average volume of 13,599. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 19.96 and a beta of 0.34. White Mountains Insurance Group, Ltd. has a 52-week low of $1,666.22 and a 52-week 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 company has a fifty day moving average price of $1,805.06 and a two-hundred day moving average price of $1,868.42.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The insurance provider reported ($20.50) EPS for the quarter, missing the consensus estimate of ($14.00) by ($6.50). The firm had revenue of $472.20 million 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 firm also recently announced an annual dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th were issued 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 presently 9.22%.

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.