Shotwell Rutter Baer Inc Invests $671,000 in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Shotwell Rutter Baer Inc acquired a new position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 438 shares of the insurance provider’s stock, valued at approximately $671,000. White Mountains Insurance Group comprises about 0.6% of Shotwell Rutter Baer Inc’s portfolio, making the stock its 22nd largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Invesco Ltd. grew its position in White Mountains Insurance Group by 40.1% during the third quarter. Invesco Ltd. now owns 6,563 shares of the insurance provider’s stock valued at $9,816,000 after acquiring an additional 1,877 shares during the last quarter. Morgan Stanley raised its position in White Mountains Insurance Group by 0.5% in the 3rd 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 period. QRG Capital Management Inc. bought a new stake in White Mountains Insurance Group in the third quarter worth $776,000. Envestnet Asset Management Inc. grew its stake in shares of White Mountains Insurance Group by 67.6% during the third quarter. Envestnet Asset Management Inc. now owns 12,083 shares of the insurance provider’s stock valued at $18,072,000 after buying an additional 4,875 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of White Mountains Insurance Group by 51.0% in the third quarter. UBS Group AG now owns 1,770 shares of the insurance provider’s stock worth $2,647,000 after buying an additional 598 shares during the period. 88.65% of the stock is currently owned by hedge funds and other institutional investors.

White Mountains Insurance Group Stock Up 1.3 %

Shares of NYSE WTM opened at $1,802.99 on Thursday. The firm’s fifty day moving average is $1,710.06 and its 200 day moving average is $1,573.12. White Mountains Insurance Group, Ltd. has a 52 week low of $1,319.05 and a 52 week high of $1,849.99. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.12. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 9.08 and a beta of 0.41.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly 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 declared an annual dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 11th were issued 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 dividend payout ratio is presently 0.50%.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded White Mountains Insurance Group from a “c+” rating to a “b” rating in a research report on Wednesday, January 17th.

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.