Select Equity Group L.P. Lowers Holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Select Equity Group L.P. lowered its position in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 20.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 27,599 shares of the insurance provider's stock after selling 7,064 shares during the period. Select Equity Group L.P. owned 1.07% of White Mountains Insurance Group worth $53,682,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of WTM. Cooke & Bieler LP acquired a new position in shares of White Mountains Insurance Group during the 4th quarter valued at $66,268,000. Raymond James Financial Inc. bought a new position in White Mountains Insurance Group during the fourth quarter valued at about $63,160,000. Norges Bank bought a new position in White Mountains Insurance Group during the fourth quarter valued at about $59,661,000. Proficio Capital Partners LLC bought a new position in White Mountains Insurance Group during the fourth quarter valued at about $45,407,000. Finally, WCM Investment Management LLC bought a new position in White Mountains Insurance Group during the fourth quarter valued at about $22,477,000. Institutional investors and hedge funds own 88.65% of the company's stock.

White Mountains Insurance Group Stock Performance

WTM traded up $1.21 during trading on Tuesday, hitting $1,817.23. 16,336 shares of the company traded hands, compared to its average volume of 13,653. The firm has a market cap of $4.68 billion, a P/E ratio of 20.19 and a beta of 0.34. The stock's fifty day moving average is $1,800.19 and its 200 day moving average is $1,868.66. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.10. White Mountains Insurance Group, Ltd. has a one year low of $1,666.22 and a one year high of $2,023.00.

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 for the quarter, missing analysts' consensus estimates of ($14.00) by ($6.50). The company had revenue of $472.20 million during 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 Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.