Wallace Capital Management Inc. Trims Position in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Wallace Capital Management Inc. decreased its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,158 shares of the insurance provider's stock after selling 2,208 shares during the quarter. White Mountains Insurance Group accounts for 21.2% of Wallace Capital Management Inc.'s portfolio, making the stock its largest position. Wallace Capital Management Inc. owned about 3.12% of White Mountains Insurance Group worth $155,913,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in White Mountains Insurance Group by 101.9% in the third quarter. Barclays PLC now owns 1,151 shares of the insurance provider's stock worth $1,953,000 after purchasing an additional 581 shares during the last quarter. Franklin Resources Inc. boosted its holdings in White Mountains Insurance Group by 17.6% in the third quarter. Franklin Resources Inc. now owns 354 shares of the insurance provider's stock worth $654,000 after purchasing an additional 53 shares during the last quarter. SG Americas Securities LLC purchased a new stake in White Mountains Insurance Group in the fourth quarter worth approximately $2,871,000. Bank of New York Mellon Corp boosted its holdings in White Mountains Insurance Group by 15.9% in the fourth quarter. Bank of New York Mellon Corp now owns 12,600 shares of the insurance provider's stock worth $24,507,000 after purchasing an additional 1,728 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in White Mountains Insurance Group in the fourth quarter worth approximately $63,160,000. Hedge funds and other institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Stock Performance

WTM stock traded down $15.32 on Friday, hitting $1,782.33. The company had a trading volume of 18,881 shares, compared to its average volume of 13,930. White Mountains Insurance Group, Ltd. has a 12-month low of $1,666.22 and a 12-month high of $2,023.00. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.10. The stock's 50-day simple moving average is $1,795.76 and its 200 day simple moving average is $1,868.56. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 19.81 and a beta of 0.34.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The insurance provider reported ($20.50) earnings per share for the quarter, missing the consensus estimate of ($14.00) by ($6.50). White Mountains Insurance Group had a return on equity of 10.56% and a net margin of 10.29%. The business had revenue of $472.20 million during the quarter.

White Mountains Insurance Group Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th were given a $1.00 dividend. The ex-dividend date was Monday, March 17th. This represents a yield of 0.05%. White Mountains Insurance Group's payout ratio is presently 9.22%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of White Mountains Insurance Group from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services.