White Mountains Insurance Group Ltd (NYSE:WTM) announced an annual dividend on Friday, March 2nd, Zacks reports. Stockholders of record on Monday, March 19th will be paid a dividend of 1.00 per share by the insurance provider on Wednesday, March 28th. The ex-dividend date of this dividend is Friday, March 16th.

White Mountains Insurance Group has a dividend payout ratio of -13.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect White Mountains Insurance Group to earn $14.45 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 6.9%.

Shares of White Mountains Insurance Group (WTM) opened at $834.69 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.60 and a quick ratio of 1.60. White Mountains Insurance Group has a one year low of $786.23 and a one year high of $925.70. The firm has a market cap of $3,121.07, a price-to-earnings ratio of 149.05 and a beta of 0.47.

Separately, Zacks Investment Research cut shares of White Mountains Insurance Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 28th.

In related news, Director Morgan W. Davis sold 350 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $846.21, for a total transaction of $296,173.50. Following the completion of the transaction, the director now directly owns 20,790 shares in the company, valued at approximately $17,592,705.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.10% of the stock is owned by corporate insiders.

A hedge fund recently bought a new stake in White Mountains Insurance Group stock. The Manufacturers Life Insurance Company bought a new stake in shares of White Mountains Insurance Group Ltd (NYSE:WTM) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 155 shares of the insurance provider’s stock, valued at approximately $135,000. 82.11% of the stock is owned by institutional investors.

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About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is a holding company. The Company’s principal businesses are conducted through its insurance subsidiaries and other affiliates. Its segments include HG Global/BAM and Other Operations. The HG Global/BAM segment consists of the operations of HG Global Ltd. (HG Global) and Build America Mutual Assurance Company (BAM).

Dividend History for White Mountains Insurance Group (NYSE:WTM)

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