White Mountains Insurance Group, Ltd. (NYSE:WTM) Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC cut its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 4.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,027 shares of the insurance provider’s stock after selling 339 shares during the quarter. GW&K Investment Management LLC’s holdings in White Mountains Insurance Group were worth $10,576,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Invesco Ltd. grew its position in shares of White Mountains Insurance Group by 40.1% during the third quarter. Invesco Ltd. now owns 6,563 shares of the insurance provider’s stock worth $9,816,000 after acquiring an additional 1,877 shares during the last quarter. Morgan Stanley grew its position in shares of White Mountains Insurance Group by 0.5% during the third quarter. Morgan Stanley now owns 202,923 shares of the insurance provider’s stock worth $303,512,000 after acquiring an additional 914 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of White Mountains Insurance Group during the third quarter worth approximately $776,000. Montag A & Associates Inc. purchased a new position in shares of White Mountains Insurance Group during the fourth quarter worth approximately $29,000. Finally, Envestnet Asset Management Inc. grew its position 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 worth $18,072,000 after acquiring an additional 4,875 shares during the last quarter. 88.65% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other White Mountains Insurance Group news, major shareholder Mountains Insurance Grou White sold 5,000,200 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $19.00, for a total transaction of $95,003,800.00. Following the sale, the insider now directly owns 17,856,614 shares in the company, valued at approximately $339,275,666. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

White Mountains Insurance Group Stock Performance

NYSE:WTM opened at $1,774.41 on Thursday. The firm’s fifty day moving average price is $1,774.96 and its 200 day moving average price is $1,648.13. White Mountains Insurance Group, Ltd. has a 1-year low of $1,319.05 and a 1-year high of $1,899.21. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 8.03 and a beta of 0.42.

White Mountains Insurance Group Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 11th were given a $1.00 dividend. The ex-dividend date was Friday, March 8th. This represents a yield of 0.06%. White Mountains Insurance Group’s dividend payout ratio (DPR) is 0.45%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th.

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.