JPMorgan Chase & Co. Buys 1,999 Shares of White Mountains Insurance Group, Ltd. $WTM

Key Points

• JPMorgan Chase & Co. boosted its stake in White Mountains by 86.1% in Q3, buying 1,999 shares to hold 4,322 shares worth $7.224 million (about 0.17% of the company).
• Recent results showed an EPS of $39.77 for the quarter—well below analysts' $379.45 consensus—while revenue was $1.60 billion and net margin was 29.62%.
• White Mountains has a market cap of $5.43 billion, paid an annual dividend of $1.00 (a 5.0% yield), has institutional ownership of 88.65%, and has received recent analyst upgrades to "Buy."

JPMorgan Chase & Co. lifted its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 86.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,322 shares of the insurance provider's stock after purchasing an additional 1,999 shares during the quarter. JPMorgan Chase & Co. owned 0.17% of White Mountains Insurance Group worth $7,224,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Geneos Wealth Management Inc. lifted its position in White Mountains Insurance Group by 325.0% during the first quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider's stock worth $33,000 after purchasing an additional 13 shares during the period. Ameriflex Group Inc. bought a new position in White Mountains Insurance Group in the 3rd quarter valued at about $33,000. Covestor Ltd increased its holdings in White Mountains Insurance Group by 366.7% in the 3rd quarter. Covestor Ltd now owns 28 shares of the insurance provider's stock valued at $48,000 after buying an additional 22 shares during the period. Quarry LP acquired a new position in shares of White Mountains Insurance Group in the 3rd quarter valued at approximately $52,000. Finally, Allworth Financial LP raised its position in shares of White Mountains Insurance Group by 25.0% in the 3rd quarter. Allworth Financial LP now owns 35 shares of the insurance provider's stock valued at $59,000 after buying an additional 7 shares in the last quarter. Institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Price Performance

Shares of NYSE:WTM opened at $2,197.09 on Tuesday. White Mountains Insurance Group, Ltd. has a one year low of $1,648.00 and a one year high of $2,264.70. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 5.08 and a beta of 0.32. The firm has a 50 day simple moving average of $2,159.94 and a 200 day simple moving average of $2,017.73.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last posted its 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 company 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 Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, March 25th. Investors of record on Monday, March 16th were given a dividend of $1.00 per share. The ex-dividend date was Monday, March 16th. This represents a yield of 5.0%. White Mountains Insurance Group's payout ratio is currently 0.23%.

Analyst Ratings Changes

Several analysts recently issued reports on WTM shares. 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. 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. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy".

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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