Allspring Global Investments Holdings LLC Makes New Investment in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Allspring Global Investments Holdings LLC acquired a new position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) in the fourth quarter, HoldingsChannel reports. The fund acquired 11,448 shares of the insurance provider’s stock, valued at approximately $17,229,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP acquired a new stake in shares of White Mountains Insurance Group during the 4th quarter worth $26,000. Ronald Blue Trust Inc. increased its holdings in shares of White Mountains Insurance Group by 61.5% during the 3rd quarter. Ronald Blue Trust Inc. now owns 21 shares of the insurance provider’s stock worth $29,000 after buying an additional 8 shares during the last quarter. Gladius Capital Management LP increased its holdings in shares of White Mountains Insurance Group by 500.0% during the 3rd quarter. Gladius Capital Management LP now owns 24 shares of the insurance provider’s stock worth $36,000 after buying an additional 20 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of White Mountains Insurance Group by 140.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 24 shares of the insurance provider’s stock worth $34,000 after buying an additional 14 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of White Mountains Insurance Group by 38.1% during the 4th quarter. Blue Trust Inc. now owns 29 shares of the insurance provider’s stock worth $43,000 after buying an additional 8 shares during the last quarter. 88.65% of the stock is currently owned by institutional investors and hedge funds.

White Mountains Insurance Group Stock Down 0.7 %

Shares of NYSE WTM opened at $1,688.80 on Monday. White Mountains Insurance Group, Ltd. has a 12-month low of $1,319.05 and a 12-month high of $1,849.99. The company has a market cap of $4.34 billion, a P/E ratio of 8.51 and a beta of 0.42. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average price of $1,744.96 and a 200 day moving average price of $1,591.12.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $27.14 earnings per share (EPS) for the quarter. White Mountains Insurance Group had a return on equity of 4.08% and a net margin of 23.50%. The firm had revenue of $453.80 million during the quarter.

White Mountains Insurance Group Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, March 8th. This represents a dividend yield of 0.06%. White Mountains Insurance Group’s dividend payout ratio is presently 0.50%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com downgraded White Mountains Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday. TheStreet upgraded White Mountains Insurance Group from a “c+” rating to a “b” rating in a report on Wednesday, January 17th.

About White Mountains Insurance Group

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.