White Mountains Insurance Group, Ltd. (NYSE:WTM) Shares Acquired by Truist Financial Corp

Truist Financial Corp boosted its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,745 shares of the insurance provider’s stock after buying an additional 142 shares during the quarter. Truist Financial Corp’s holdings in White Mountains Insurance Group were worth $2,626,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of WTM. Morgan Stanley lifted its holdings in White Mountains Insurance Group by 0.5% in the 3rd quarter. Morgan Stanley now owns 202,923 shares of the insurance provider’s stock valued at $303,512,000 after acquiring an additional 914 shares during the last quarter. Reinhart Partners LLC. lifted its stake in White Mountains Insurance Group by 2.6% during the fourth quarter. Reinhart Partners LLC. now owns 37,819 shares of the insurance provider’s stock valued at $56,918,000 after purchasing an additional 960 shares during the last quarter. Lord Abbett & CO. LLC boosted its holdings in White Mountains Insurance Group by 4.0% during the third quarter. Lord Abbett & CO. LLC now owns 24,614 shares of the insurance provider’s stock worth $36,815,000 after buying an additional 955 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in White Mountains Insurance Group by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 23,900 shares of the insurance provider’s stock worth $35,747,000 after buying an additional 787 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in White Mountains Insurance Group by 23.1% in the third quarter. Victory Capital Management Inc. now owns 19,130 shares of the insurance provider’s stock worth $28,613,000 after buying an additional 3,589 shares during the last quarter. 88.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WTM shares. StockNews.com lowered White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. TheStreet raised White Mountains Insurance Group from a “c+” rating to a “b” rating in a report on Wednesday, January 17th.

White Mountains Insurance Group Price Performance

WTM stock opened at $1,866.00 on Thursday. The firm has a 50-day moving average of $1,767.98 and a two-hundred day moving average of $1,624.46. The firm has a market capitalization of $4.80 billion, a PE ratio of 9.40 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. White Mountains Insurance Group, Ltd. has a one year low of $1,319.05 and a one year high of $1,899.21.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $27.14 EPS for the quarter. White Mountains Insurance Group had a net margin of 23.50% and a return on equity of 4.08%. 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 given a $1.00 dividend. The ex-dividend date was Friday, March 8th. This represents a dividend yield of 0.06%. White Mountains Insurance Group’s dividend payout ratio (DPR) is presently 0.50%.

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.