White Mountains Insurance Group, Ltd. (WTM) To Go Ex-Dividend on March 16th

White Mountains Insurance Group, Ltd. (NYSE:WTM) declared an annual dividend on Thursday, February 26th. Investors of record on Monday, March 16th will be given a dividend of 1.00 per share by the insurance provider on Wednesday, March 25th. This represents a yield of 4.0%. The ex-dividend date is Monday, March 16th.

White Mountains Insurance Group has a payout ratio of 0.9% indicating that its dividend is sufficiently covered by earnings.

White Mountains Insurance Group Stock Performance

Shares of NYSE WTM opened at $2,197.49 on Friday. The company has a market cap of $5.43 billion, a P/E ratio of 5.08 and a beta of 0.32. White Mountains Insurance Group has a 52-week low of $1,648.00 and a 52-week high of $2,264.70. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.89 and a current ratio of 0.89. The firm’s fifty day moving average is $2,131.12 and its two-hundred day moving average is $1,985.33.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings data on Friday, February 6th. The insurance provider reported $39.77 EPS for the quarter, missing the consensus estimate of $379.45 by ($339.68). White Mountains Insurance Group had a net margin of 29.62% and a return on equity of 8.12%. The company had revenue of $1.60 billion for the quarter.

Insiders Place Their Bets

In related news, Director Philip A. Gelston sold 165 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $2,048.51, for a total value of $338,004.15. Following the completion of the sale, the director directly owned 1,568 shares in the company, valued at $3,212,063.68. This trade represents a 9.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On White Mountains Insurance Group

Several hedge funds and other institutional investors have recently made changes to their positions in WTM. Legacy Wealth Asset Management LLC increased its stake in White Mountains Insurance Group by 1.6% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 313 shares of the insurance provider’s stock worth $650,000 after buying an additional 5 shares during the period. NewEdge Wealth LLC boosted its position in White Mountains Insurance Group by 4.3% in the 4th quarter. NewEdge Wealth LLC now owns 122 shares of the insurance provider’s stock valued at $254,000 after buying an additional 5 shares during the period. Federation des caisses Desjardins du Quebec grew its stake in White Mountains Insurance Group by 10.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 55 shares of the insurance provider’s stock worth $114,000 after acquiring an additional 5 shares in the last quarter. Wedbush Securities Inc. grew its stake in White Mountains Insurance Group by 2.2% in the 4th quarter. Wedbush Securities Inc. now owns 229 shares of the insurance provider’s stock worth $476,000 after acquiring an additional 5 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of White Mountains Insurance Group by 6.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 105 shares of the insurance provider’s stock worth $189,000 after acquiring an additional 6 shares during the period. Hedge funds and other institutional investors own 88.65% of the company’s stock.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is a Bermuda-based diversified insurance and financial services holding company organized in 1985 and headquartered in Hamilton, Bermuda. The company operates through a portfolio of insurance, reinsurance and specialty finance businesses, offering a blend of underwriting expertise and investment management to institutional clients worldwide. As a publicly traded entity on the New York Stock Exchange (NYSE: WTM), White Mountains seeks to generate long-term shareholder value by combining disciplined capital management with strategic acquisitions and organic growth initiatives.

Through its principal operating subsidiaries—most notably Sirius International Insurance Group, Ltd.