Allspring Global Investments Holdings LLC Takes $17.23 Million Position in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Allspring Global Investments Holdings LLC purchased a new position in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 11,448 shares of the insurance provider's stock, valued at approximately $17,229,000. Allspring Global Investments Holdings LLC owned 0.45% of White Mountains Insurance Group at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WTM. Allworth Financial LP acquired a new stake in shares of White Mountains Insurance Group in the 4th quarter worth approximately $26,000. Ronald Blue Trust Inc. lifted its stake in White Mountains Insurance Group by 61.5% during the third quarter. Ronald Blue Trust Inc. now owns 21 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 8 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in White Mountains Insurance Group by 140.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 24 shares of the insurance provider's stock valued at $34,000 after purchasing an additional 14 shares during the last quarter. Gladius Capital Management LP lifted its stake in White Mountains Insurance Group by 500.0% during the third quarter. Gladius Capital Management LP now owns 24 shares of the insurance provider's stock valued at $36,000 after purchasing an additional 20 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in White Mountains Insurance Group by 38.1% during the fourth quarter. Blue Trust Inc. now owns 29 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 8 shares during the last quarter. 88.65% of the stock is owned by institutional investors and hedge funds.

White Mountains Insurance Group Stock Up 0.1 %

Shares of WTM traded up $0.93 during mid-day trading on Monday, hitting $1,689.73. 6,657 shares of the company's stock were exchanged, compared to its average volume of 8,150. The firm has a fifty day moving average of $1,746.91 and a two-hundred day moving average of $1,592.31. White Mountains Insurance Group, Ltd. has a twelve month low of $1,319.05 and a twelve month high of $1,849.99. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 8.51 and a beta of 0.42. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.12.

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

White Mountains Insurance Group Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently commented on WTM shares. TheStreet raised shares of White Mountains Insurance Group from a "c+" rating to a "b" rating in a research note on Wednesday, January 17th. StockNews.com downgraded shares of White Mountains Insurance Group from a "buy" rating to a "hold" rating in a research report on Saturday.

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.