881 Shares in White Mountains Insurance Group, Ltd. $WTM Purchased by Magnetar Financial LLC

Key Points

• Magnetar Financial initiated a new position in White Mountains Insurance Group in Q3, purchasing 881 shares valued at about $1.47 million.
• Institutional ownership is very high at 88.65%, with major holders including Dimensional Fund Advisors (157,217 shares, ~$262.8M) and a large 40.5% increase by Cooke & Bieler.
• White Mountains has a market cap of $5.39 billion and a low P/E of 5.05, recently announced a $1.00 annual dividend (≈4.0% yield), and has seen analyst upgrades to a consensus "Buy".

Magnetar Financial LLC purchased a new stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 881 shares of the insurance provider's stock, valued at approximately $1,473,000.

Several other institutional investors have also added to or reduced their stakes in WTM. Dimensional Fund Advisors LP increased its stake in White Mountains Insurance Group by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 157,217 shares of the insurance provider's stock worth $262,792,000 after acquiring an additional 1,464 shares during the last quarter. Cooke & Bieler LP boosted its position in shares of White Mountains Insurance Group by 40.5% during the 3rd quarter. Cooke & Bieler LP now owns 107,851 shares of the insurance provider's stock valued at $180,275,000 after acquiring an additional 31,070 shares during the last quarter. State Street Corp grew its holdings in shares of White Mountains Insurance Group by 4.2% in the second quarter. State Street Corp now owns 57,241 shares of the insurance provider's stock valued at $102,789,000 after purchasing an additional 2,297 shares in the last quarter. Geode Capital Management LLC increased its position in White Mountains Insurance Group by 0.8% in the second quarter. Geode Capital Management LLC now owns 42,529 shares of the insurance provider's stock worth $76,384,000 after purchasing an additional 343 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in White Mountains Insurance Group by 7.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 31,698 shares of the insurance provider's stock worth $52,318,000 after purchasing an additional 2,113 shares during the last quarter. Hedge funds and other institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Stock Performance

NYSE WTM opened at $2,182.79 on Friday. The company has a market cap of $5.39 billion, a P/E ratio of 5.05 and a beta of 0.32. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.89 and a current ratio of 0.89. The business's 50 day moving average price is $2,127.99 and its 200-day moving average price is $1,982.76. White Mountains Insurance Group, Ltd. has a fifty-two week low of $1,648.00 and a fifty-two week high of $2,264.70.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last issued its quarterly earnings results on Friday, February 6th. The insurance provider reported $39.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $379.45 by ($339.68). The company had revenue of $1.60 billion during the quarter. White Mountains Insurance Group had a return on equity of 8.12% and a net margin of 29.62%.

White Mountains Insurance Group Announces Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Monday, March 16th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a dividend yield of 4.0%. White Mountains Insurance Group's dividend payout ratio is currently 0.23%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings upgraded shares of White Mountains Insurance Group from a "hold (c+)" rating to a "buy (b+)" rating in a research report on Monday, March 2nd. Wall Street Zen upgraded shares of White Mountains Insurance Group from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, White Mountains Insurance Group currently has a consensus rating of "Buy".

Insider Activity

In related news, Director Philip A. Gelston sold 165 shares of White Mountains Insurance Group stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $2,048.51, for a total transaction of $338,004.15. Following the completion of the transaction, the director directly owned 1,568 shares of the company's stock, valued at approximately $3,212,063.68. The trade was a 9.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.20% of the company's stock.

White Mountains Insurance Group Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based diversified insurance and financial services holding company organized in 1985 and headquartered in Hamilton, Bermuda. The company operates through a portfolio of insurance, reinsurance and specialty finance businesses, offering a blend of underwriting expertise and investment management to institutional clients worldwide. As a publicly traded entity on the New York Stock Exchange NYSE: WTM, White Mountains seeks to generate long-term shareholder value by combining disciplined capital management with strategic acquisitions and organic growth initiatives.

Through its principal operating subsidiaries—most notably Sirius International Insurance Group, Ltd.

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