London Co. of Virginia Sells 1,968 Shares of White Mountains Insurance Group, Ltd. $WTM

Key Points

• London Co. of Virginia trimmed its stake in White Mountains by 2.9%, selling 1,968 shares and leaving it with 66,802 shares (about 2.62% ownership) valued at roughly $111.68 million in the latest 13F filing.
• White Mountains declared an annual dividend of $1.00 per share, with an ex-dividend/record date of March 16 and payment on March 25, implying a ~5.0% yield.
• Analyst sentiment has improved—firms including Wall Street Zen and Weiss upgraded WTM to a Buy—while the stock trades with a market cap of $5.43 billion and a P/E of 5.08; the most recent quarter showed EPS of $39.77 on $1.60 billion revenue, below consensus.

London Co. of Virginia lessened its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,802 shares of the insurance provider's stock after selling 1,968 shares during the quarter. London Co. of Virginia owned 2.62% of White Mountains Insurance Group worth $111,677,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its stake in shares of White Mountains Insurance Group by 325.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 13 shares during the period. Ameriflex Group Inc. bought a new position in shares of White Mountains Insurance Group in the 3rd quarter worth approximately $33,000. Covestor Ltd lifted its stake in shares of White Mountains Insurance Group by 366.7% in the 3rd quarter. Covestor Ltd now owns 28 shares of the insurance provider's stock worth $48,000 after purchasing an additional 22 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of White Mountains Insurance Group by 230.8% in the second quarter. EverSource Wealth Advisors LLC now owns 43 shares of the insurance provider's stock worth $77,000 after buying an additional 30 shares during the last quarter. Finally, Quent Capital LLC purchased a new position in shares of White Mountains Insurance Group in the third quarter worth approximately $100,000. Institutional investors own 88.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WTM. Wall Street Zen raised shares of White Mountains Insurance Group from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Weiss Ratings raised 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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy".

White Mountains Insurance Group Stock Up 0.1%

WTM stock opened at $2,197.82 on Tuesday. The business's 50-day moving average price is $2,133.80 and its 200-day moving average price is $1,989.98. The stock has a market cap of $5.43 billion, a P/E ratio of 5.08 and a beta of 0.32. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.14. White Mountains Insurance Group, Ltd. has a twelve month low of $1,648.00 and a twelve month high of $2,264.70.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last released its earnings results on Friday, February 6th. The insurance provider reported $39.77 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter.

White Mountains Insurance Group Announces Dividend

The company also recently disclosed 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 5.0%. White Mountains Insurance Group's dividend payout ratio is 0.23%.

White Mountains Insurance Group Company 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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