Lazard Asset Management LLC Raises Stock Holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Lazard Asset Management LLC lifted its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 836.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 281 shares of the insurance provider's stock after buying an additional 251 shares during the period. Lazard Asset Management LLC's holdings in White Mountains Insurance Group were worth $546,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Barclays PLC increased its holdings in White Mountains Insurance Group by 101.9% in the 3rd quarter. Barclays PLC now owns 1,151 shares of the insurance provider's stock worth $1,953,000 after purchasing an additional 581 shares in the last quarter. HB Wealth Management LLC acquired a new position in White Mountains Insurance Group in the 4th quarter worth about $241,000. Ballentine Partners LLC acquired a new position in White Mountains Insurance Group in the 4th quarter worth about $206,000. SG Americas Securities LLC acquired a new position in White Mountains Insurance Group in the 4th quarter worth about $2,871,000. Finally, Janney Montgomery Scott LLC increased its holdings in White Mountains Insurance Group by 51.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 357 shares of the insurance provider's stock worth $694,000 after purchasing an additional 121 shares in the last quarter. Institutional investors and hedge funds own 88.65% of the company's stock.

Analysts Set New Price Targets

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

White Mountains Insurance Group Trading Up 1.2%

Shares of White Mountains Insurance Group stock traded up $22.13 on Tuesday, hitting $1,805.22. 11,584 shares of the company's stock traded hands, compared to its average volume of 13,920. White Mountains Insurance Group, Ltd. has a one year low of $1,666.22 and a one year high of $2,023.00. 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 company has a fifty day moving average of $1,792.42 and a two-hundred day moving average of $1,867.45. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 20.06 and a beta of 0.34.

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

White Mountains Insurance Group Dividend Announcement

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

White Mountains Insurance Group 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.