Cresset Asset Management LLC Cuts Stock Position in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Cresset Asset Management LLC trimmed its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 41.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 320 shares of the insurance provider's stock after selling 226 shares during the period. Cresset Asset Management LLC's holdings in White Mountains Insurance Group were worth $622,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Captrust Financial Advisors lifted its stake in White Mountains Insurance Group by 11.4% during the 4th quarter. Captrust Financial Advisors now owns 597 shares of the insurance provider's stock valued at $1,161,000 after acquiring an additional 61 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of White Mountains Insurance Group during the 4th quarter valued at approximately $539,000. Ameriprise Financial Inc. increased its holdings in shares of White Mountains Insurance Group by 6.4% during the 4th quarter. Ameriprise Financial Inc. now owns 3,277 shares of the insurance provider's stock valued at $6,374,000 after purchasing an additional 198 shares in the last quarter. Algert Global LLC purchased a new position in shares of White Mountains Insurance Group during the 4th quarter valued at approximately $453,000. Finally, Northern Trust Corp increased its holdings in shares of White Mountains Insurance Group by 12.1% during the 4th quarter. Northern Trust Corp now owns 18,071 shares of the insurance provider's stock valued at $35,149,000 after purchasing an additional 1,957 shares in the last quarter. 88.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of White Mountains Insurance Group from a "sell" rating to a "hold" rating in a report on Tuesday.

White Mountains Insurance Group Stock Performance

Shares of NYSE:WTM traded up $2.11 during trading on Friday, hitting $1,802.31. 17,680 shares of the stock traded hands, compared to its average volume of 13,612. 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 market cap of $4.64 billion, a price-to-earnings ratio of 20.03 and a beta of 0.34. The company has a fifty day moving average price of $1,801.81 and a two-hundred day moving average price of $1,868.16. White Mountains Insurance Group, Ltd. has a 52-week low of $1,666.22 and a 52-week high of $2,023.00.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last issued 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 company had revenue of $472.20 million during 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 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 issued 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 payout ratio is presently 9.22%.

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.