Alliancebernstein L.P. Decreases Stake in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Alliancebernstein L.P. cut its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,170 shares of the insurance provider’s stock after selling 6 shares during the quarter. Alliancebernstein L.P.’s holdings in White Mountains Insurance Group were worth $2,276,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Fortitude Family Office LLC acquired a new stake in White Mountains Insurance Group during the 4th quarter worth about $37,000. Versant Capital Management Inc lifted its holdings in shares of White Mountains Insurance Group by 90.0% during the fourth quarter. Versant Capital Management Inc now owns 19 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 9 shares during the period. Eagle Bay Advisors LLC acquired a new stake in shares of White Mountains Insurance Group during the fourth quarter worth about $103,000. Stonebridge Financial Group LLC purchased a new stake in White Mountains Insurance Group in the fourth quarter valued at approximately $117,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in White Mountains Insurance Group by 32.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 99 shares of the insurance provider’s stock worth $193,000 after buying an additional 24 shares during the period. 88.65% of the stock is owned by institutional investors and hedge funds.

White Mountains Insurance Group Price Performance

NYSE:WTM opened at $1,747.67 on Thursday. The firm’s fifty day moving average is $1,838.55 and its two-hundred day moving average is $1,873.94. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 19.42 and a beta of 0.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.76 and a current ratio of 0.76. White Mountains Insurance Group, Ltd. has a one year low of $1,666.22 and a one year high of $2,023.00.

White Mountains Insurance Group (NYSE:WTM) last issued its earnings results on Friday, February 7th. The insurance provider reported $12.44 EPS for the quarter. White Mountains Insurance Group had a return on equity of 10.56% and a net margin of 10.29%.

White Mountains Insurance Group Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 17th were paid a dividend of $1.00 per share. The ex-dividend date was Monday, March 17th. This represents a dividend yield of 0.05%. White Mountains Insurance Group’s payout ratio is 1.11%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a report on Monday, February 10th.

White Mountains Insurance Group 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.