Cove Street Capital LLC Trims Stake in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Cove Street Capital LLC lessened its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 49.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,067 shares of the insurance provider’s stock after selling 1,056 shares during the period. White Mountains Insurance Group comprises approximately 2.4% of Cove Street Capital LLC’s investment portfolio, making the stock its 14th biggest position. Cove Street Capital LLC’s holdings in White Mountains Insurance Group were worth $2,074,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of WTM. Charles Schwab Investment Management Inc. boosted its holdings in White Mountains Insurance Group by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 25,220 shares of the insurance provider’s stock valued at $42,778,000 after acquiring an additional 379 shares during the period. FMR LLC boosted its stake in shares of White Mountains Insurance Group by 7.8% during the third quarter. FMR LLC now owns 22,196 shares of the insurance provider’s stock valued at $37,649,000 after purchasing an additional 1,610 shares during the period. BNP Paribas Financial Markets increased its stake in White Mountains Insurance Group by 204.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 301 shares of the insurance provider’s stock worth $511,000 after buying an additional 202 shares during the period. Townsquare Capital LLC increased its stake in White Mountains Insurance Group by 13.9% in the 3rd quarter. Townsquare Capital LLC now owns 139 shares of the insurance provider’s stock worth $236,000 after buying an additional 17 shares during the period. Finally, Glenmede Trust Co. NA lifted its holdings in White Mountains Insurance Group by 1.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 384 shares of the insurance provider’s stock valued at $651,000 after buying an additional 7 shares in the last quarter. Institutional investors own 88.65% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research report on Monday, February 10th.

White Mountains Insurance Group Trading Down 2.2 %

Shares of NYSE WTM opened at $1,904.22 on Friday. White Mountains Insurance Group, Ltd. has a twelve month low of $1,665.71 and a twelve month high of $2,023.00. The firm has a market cap of $4.84 billion, a PE ratio of 21.16 and a beta of 0.41. The business has a fifty day simple moving average of $1,879.59 and a two-hundred day simple moving average of $1,869.51. 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 (NYSE:WTM) last released its quarterly earnings data on Friday, February 7th. The insurance provider reported $12.44 earnings per share for the quarter. White Mountains Insurance Group had a return on equity of 10.56% and a net margin of 10.29%.

White Mountains Insurance Group Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 17th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a dividend yield of 0.05%. White Mountains Insurance Group’s dividend payout ratio is presently 1.11%.

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.