Federated Hermes Inc. Cuts Stock Holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Federated Hermes Inc. reduced its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 86.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,200 shares of the insurance provider's stock after selling 7,993 shares during the quarter. Federated Hermes Inc.'s holdings in White Mountains Insurance Group were worth $1,806,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in White Mountains Insurance Group during the 4th quarter valued at $17,229,000. Brown Advisory Inc. boosted its stake in shares of White Mountains Insurance Group by 76.8% in the 3rd quarter. Brown Advisory Inc. now owns 16,709 shares of the insurance provider's stock worth $24,992,000 after buying an additional 7,260 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of White Mountains Insurance Group by 67.6% in the third quarter. Envestnet Asset Management Inc. now owns 12,083 shares of the insurance provider's stock valued at $18,072,000 after acquiring an additional 4,875 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of White Mountains Insurance Group by 23.1% during the third quarter. Victory Capital Management Inc. now owns 19,130 shares of the insurance provider's stock valued at $28,613,000 after acquiring an additional 3,589 shares during the last quarter. Finally, Invesco Ltd. grew its stake in White Mountains Insurance Group by 40.1% in the 3rd quarter. Invesco Ltd. now owns 6,563 shares of the insurance provider's stock valued at $9,816,000 after purchasing an additional 1,877 shares during the period. 88.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com downgraded shares of White Mountains Insurance Group from a "buy" rating to a "hold" rating in a report on Saturday, April 13th. TheStreet upgraded shares of White Mountains Insurance Group from a "c+" rating to a "b" rating in a research note on Wednesday, January 17th.

White Mountains Insurance Group Stock Performance

Shares of WTM stock traded up $6.62 during trading on Monday, reaching $1,775.00. 7,759 shares of the company's stock traded hands, compared to its average volume of 8,141. The firm's 50-day moving average is $1,760.49 and its 200 day moving average is $1,607.42. White Mountains Insurance Group, Ltd. has a 1 year low of $1,319.05 and a 1 year high of $1,849.99. The company has a market capitalization of $4.55 billion, a P/E ratio of 8.94 and a beta of 0.42. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12.

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

White Mountains Insurance Group Dividend Announcement

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

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.