Wallace Capital Management Inc. Sells 2,208 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Wallace Capital Management Inc. cut its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,158 shares of the insurance provider's stock after selling 2,208 shares during the period. White Mountains Insurance Group comprises about 21.2% of Wallace Capital Management Inc.'s investment portfolio, making the stock its biggest holding. Wallace Capital Management Inc. owned approximately 3.12% of White Mountains Insurance Group worth $155,913,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of WTM. Huntington National Bank raised its holdings in shares of White Mountains Insurance Group by 57.1% during the fourth quarter. Huntington National Bank now owns 22 shares of the insurance provider's stock worth $43,000 after purchasing an additional 8 shares during the period. GeoWealth Management LLC increased its holdings in shares of White Mountains Insurance Group by 26.9% during the fourth quarter. GeoWealth Management LLC now owns 33 shares of the insurance provider's stock valued at $64,000 after purchasing an additional 7 shares during the period. Stonebridge Financial Group LLC acquired a new position in White Mountains Insurance Group during the 4th quarter valued at about $117,000. Tower Research Capital LLC TRC raised its holdings in White Mountains Insurance Group by 66.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 60 shares of the insurance provider's stock worth $117,000 after purchasing an additional 24 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of White Mountains Insurance Group by 32.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 99 shares of the insurance provider's stock worth $193,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 88.65% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of White Mountains Insurance Group from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th.

White Mountains Insurance Group Stock Down 0.1%

WTM stock opened at $1,809.78 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $4.66 billion, a P/E ratio of 20.11 and a beta of 0.34. White Mountains Insurance Group, Ltd. has a 52-week low of $1,666.22 and a 52-week high of $2,023.00. The company's 50 day simple moving average is $1,800.97 and its 200-day simple moving average is $1,869.02.

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

White Mountains Insurance Group Announces Dividend

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

About White Mountains Insurance Group

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.

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