State Board of Administration of Florida Retirement System Lowers Holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM)

State Board of Administration of Florida Retirement System trimmed its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM – Get Rating) by 47.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,820 shares of the insurance provider’s stock after selling 2,540 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.11% of White Mountains Insurance Group worth $3,988,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its position in White Mountains Insurance Group by 250.0% in the third quarter. Bessemer Group Inc. now owns 35 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 25 shares during the period. Signaturefd LLC grew its position in White Mountains Insurance Group by 17.0% in the fourth quarter. Signaturefd LLC now owns 55 shares of the insurance provider’s stock worth $78,000 after acquiring an additional 8 shares during the period. Quantbot Technologies LP purchased a new position in White Mountains Insurance Group in the first quarter worth approximately $70,000. Ronald Blue Trust Inc. lifted its stake in White Mountains Insurance Group by 62.2% during the fourth quarter. Ronald Blue Trust Inc. now owns 73 shares of the insurance provider’s stock worth $95,000 after purchasing an additional 28 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in White Mountains Insurance Group by 73.3% during the third quarter. Tower Research Capital LLC TRC now owns 78 shares of the insurance provider’s stock worth $102,000 after purchasing an additional 33 shares in the last quarter. 87.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on White Mountains Insurance Group in a research note on Thursday, March 16th. They set a “hold” rating on the stock.

White Mountains Insurance Group Stock Up 0.4 %

NYSE:WTM opened at $1,426.47 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average is $1,405.94 and its two-hundred day moving average is $1,409.42. White Mountains Insurance Group, Ltd. has a 52 week low of $1,135.73 and a 52 week high of $1,560.21. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 5.15 and a beta of 0.40.

White Mountains Insurance Group (NYSE:WTM – Get Rating) last announced its quarterly earnings data on Tuesday, February 7th. The insurance provider reported ($1.17) earnings per share (EPS) for the quarter. The company had revenue of $373.90 million during the quarter. White Mountains Insurance Group had a net margin of 63.61% and a negative return on equity of 0.72%.

White Mountains Insurance Group Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Wednesday, March 22nd. Stockholders of record on Monday, March 13th were paid a $1.00 dividend. This represents a dividend yield of 0.07%. The ex-dividend date was Friday, March 10th. White Mountains Insurance Group’s payout ratio is currently 0.36%.

White Mountains Insurance Group Profile

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White Mountains Insurance Group Ltd. engages in the acquisition of businesses and assets in the insurance, financial services, and related sectors. It operates through the following segments: HG Global/BAM, NSM, Kudu, and Other Operations. The HG Global/BAM segment refers to White Mountains’ investment in HG Global Limited, and the consolidated results of Build America Mutual Assurance Company (BAM).