Allspring Global Investments Holdings LLC Decreases Position in White Mountains Insurance Group, Ltd. $WTM

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in White Mountains by 36.3% in Q4 to 20,193 shares, roughly 0.79% of the company valued at about $41.23 million.
• Analysts have recently upgraded WTM—Weiss Ratings and Wall Street Zen moved to Buy, and MarketBeat shows a consensus "Buy" rating.
• White Mountains posted a quarterly EPS miss (reported $39.77 vs. $379.45 expected), has a market cap of $5.36 billion and a P/E of 5.02, and pays a $1.00 annual dividend (~5.0% yield).

Allspring Global Investments Holdings LLC decreased its position in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 36.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,193 shares of the insurance provider's stock after selling 11,505 shares during the period. Allspring Global Investments Holdings LLC owned about 0.79% of White Mountains Insurance Group worth $41,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WTM. Legacy Wealth Asset Management LLC increased its holdings in White Mountains Insurance Group by 1.6% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 313 shares of the insurance provider's stock valued at $650,000 after acquiring an additional 5 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of White Mountains Insurance Group by 8.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 227 shares of the insurance provider's stock worth $465,000 after purchasing an additional 17 shares during the last quarter. Baldwin Wealth Partners LLC MA acquired a new position in shares of White Mountains Insurance Group during the 4th quarter worth approximately $208,000. Park Avenue Securities LLC lifted its stake in White Mountains Insurance Group by 8.4% in the 4th quarter. Park Avenue Securities LLC now owns 761 shares of the insurance provider's stock valued at $1,581,000 after buying an additional 59 shares in the last quarter. Finally, Miller Global Investments LLC acquired a new stake in White Mountains Insurance Group during the 4th quarter valued at $25,000. Institutional investors and hedge funds own 88.65% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on WTM shares. Weiss Ratings raised 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 raised White Mountains Insurance Group from a "hold" rating to a "buy" rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, White Mountains Insurance Group presently has a consensus rating of "Buy".

White Mountains Insurance Group Stock Down 0.3%

WTM stock opened at $2,171.50 on Friday. The company has a 50 day moving average price of $2,166.86 and a two-hundred day moving average price of $2,022.88. 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 stock has a market capitalization of $5.36 billion, a P/E ratio of 5.02 and a beta of 0.35. White Mountains Insurance Group, Ltd. has a one year low of $1,648.00 and a one year 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 for the quarter, missing analysts' consensus estimates of $379.45 by ($339.68). The business had revenue of $1.60 billion for 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 Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Wednesday, March 25th. Shareholders of record on Monday, March 16th were issued a $1.00 dividend. The ex-dividend date was Monday, March 16th. This represents a yield of 5.0%. White Mountains Insurance Group's payout ratio is 0.23%.

About White Mountains Insurance Group

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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