Federated Hermes Inc. Sells 7,993 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Federated Hermes Inc. trimmed its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 86.9% during the fourth quarter, HoldingsChannel reports. The firm owned 1,200 shares of the insurance provider’s stock after selling 7,993 shares during the quarter. Federated Hermes Inc.’s holdings in White Mountains Insurance Group were worth $1,806,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WTM. Oak Thistle LLC acquired a new stake in shares of White Mountains Insurance Group during the third quarter worth $384,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of White Mountains Insurance Group during the 3rd quarter worth about $579,000. Robeco Institutional Asset Management B.V. increased its stake in shares of White Mountains Insurance Group by 0.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 31,912 shares of the insurance provider’s stock worth $47,730,000 after purchasing an additional 234 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of White Mountains Insurance Group by 12.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 459 shares of the insurance provider’s stock worth $687,000 after purchasing an additional 50 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of White Mountains Insurance Group by 0.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 11,539 shares of the insurance provider’s stock worth $17,259,000 after buying an additional 61 shares during the period. 88.65% of the stock is owned by institutional investors.

White Mountains Insurance Group Stock Performance

NYSE WTM opened at $1,768.38 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $4.54 billion, a P/E ratio of 8.91 and a beta of 0.42. White Mountains Insurance Group, Ltd. has a 12-month low of $1,319.05 and a 12-month high of $1,849.99. The firm has a 50-day moving average price of $1,760.49 and a two-hundred day moving average price of $1,607.42.

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

White Mountains Insurance Group Announces Dividend

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

Analyst Upgrades and Downgrades

WTM has been the subject of several research analyst reports. TheStreet raised shares of White Mountains Insurance Group from a “c+” rating to a “b” rating in a report on Wednesday, January 17th. StockNews.com downgraded shares of White Mountains Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, April 13th.

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.