Handelsbanken Fonder AB Grows Stock Holdings in White Mountains Insurance Group, Ltd. $WTM

Key Points

• Handelsbanken Fonder AB boosted its stake in White Mountains Insurance Group by 83.3% in Q3, buying an additional 500 shares to hold 1,100 shares valued at about $1,839,000 as of the latest SEC filing.
• Several large institutions also moved positions — notably Cooke & Bieler LP now owns 107,851 shares (~$180.3M) and Norges Bank established a new stake (~$54.8M) — leaving hedge funds and institutions with roughly 88.65% ownership of the company.
• Corporate developments include an announced annual dividend of $1.00 per share (4.0% yield)

Handelsbanken Fonder AB lifted its position in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 83.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,100 shares of the insurance provider's stock after buying an additional 500 shares during the period. Handelsbanken Fonder AB's holdings in White Mountains Insurance Group were worth $1,839,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Cooke & Bieler LP grew its holdings in White Mountains Insurance Group by 40.5% in the third quarter. Cooke & Bieler LP now owns 107,851 shares of the insurance provider's stock worth $180,275,000 after purchasing an additional 31,070 shares during the last quarter. Norges Bank acquired a new stake in shares of White Mountains Insurance Group in the 2nd quarter worth $54,759,000. Jane Street Group LLC increased its position in White Mountains Insurance Group by 950.3% during the 2nd quarter. Jane Street Group LLC now owns 6,071 shares of the insurance provider's stock valued at $10,902,000 after buying an additional 5,493 shares in the last quarter. HRT Financial LP purchased a new stake in White Mountains Insurance Group in the second quarter valued at about $9,134,000. Finally, Edgestream Partners L.P. boosted its holdings in White Mountains Insurance Group by 120.6% in the second quarter. Edgestream Partners L.P. now owns 7,809 shares of the insurance provider's stock worth $14,023,000 after acquiring an additional 4,269 shares in the last quarter. Hedge funds and other institutional investors own 88.65% of the company's stock.

Insider Activity at White Mountains Insurance Group

In related news, Director Philip A. Gelston sold 165 shares of the business's stock in a transaction on 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 in the company, valued at $3,212,063.68. The trade was a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.20% of the stock is owned by company insiders.

White Mountains Insurance Group Stock Performance

Shares of WTM opened at $2,225.86 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.75 and a current ratio of 0.89. The stock has a 50-day moving average of $2,114.54 and a two-hundred day moving average of $1,968.51. The stock has a market cap of $5.50 billion, a P/E ratio of 5.15 and a beta of 0.32. 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 announced its quarterly earnings data on Friday, February 6th. The insurance provider reported $39.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $379.45 by ($339.68). White Mountains Insurance Group had a return on equity of 8.12% and a net margin of 29.62%.The firm had revenue of $1.60 billion during the quarter.

White Mountains Insurance Group Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Monday, March 16th will be paid a dividend of $1.00 per share. This represents a yield of 4.0%. The ex-dividend date is Monday, March 16th. White Mountains Insurance Group's payout ratio is presently 0.23%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of White Mountains Insurance Group from a "hold (c+)" rating to a "buy (b+)" rating in a report on Monday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

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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