Raymond James & Associates Lowers Holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Raymond James & Associates cut its holdings 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 firm owned 23,369 shares of the insurance provider's stock after selling 637 shares during the quarter. Raymond James & Associates owned approximately 0.91% of White Mountains Insurance Group worth $35,171,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of White Mountains Insurance Group by 0.4% in the first quarter. Vanguard Group Inc. now owns 280,559 shares of the insurance provider's stock worth $318,782,000 after purchasing an additional 1,197 shares during the last quarter. Morgan Stanley increased its holdings in shares of White Mountains Insurance Group by 0.5% in the third quarter. Morgan Stanley now owns 202,923 shares of the insurance provider's stock worth $303,512,000 after purchasing an additional 914 shares during the last quarter. Moneta Group Investment Advisors LLC bought a new stake in shares of White Mountains Insurance Group in the fourth quarter worth about $228,701,000. Dimensional Fund Advisors LP increased its holdings in shares of White Mountains Insurance Group by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 154,553 shares of the insurance provider's stock worth $175,605,000 after purchasing an additional 5,051 shares during the last quarter. Finally, London Co. of Virginia increased its holdings in shares of White Mountains Insurance Group by 0.4% in the second quarter. London Co. of Virginia now owns 65,301 shares of the insurance provider's stock worth $90,697,000 after purchasing an additional 267 shares during the last quarter. 88.65% of the stock is owned by institutional investors.

White Mountains Insurance Group Price Performance

Shares of WTM stock traded down $8.69 during trading hours on Friday, hitting $1,794.30. The stock had a trading volume of 7,975 shares, compared to its average volume of 7,830. White Mountains Insurance Group, Ltd. has a one year low of $1,319.05 and a one year high of $1,849.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.94 and a quick ratio of 0.94. The stock's 50-day moving average price is $1,716.76 and its two-hundred day moving average price is $1,576.77. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 9.04 and a beta of 0.41.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $27.14 earnings per share for the quarter. White Mountains Insurance Group had a return on equity of 4.08% and a net margin of 23.50%. The company had revenue of $453.80 million for the quarter.

White Mountains Insurance Group Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a yield of 0.06%. White Mountains Insurance Group's payout ratio is currently 0.50%.

Wall Street Analyst Weigh In

Separately, TheStreet raised White Mountains Insurance Group from a "c+" rating to a "b" rating in a report on Wednesday, January 17th.

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.