White Mountains Insurance Group, Ltd. (NYSE:WTM) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,277 shares of the insurance provider’s stock after acquiring an additional 198 shares during the period. Ameriprise Financial Inc. owned 0.13% of White Mountains Insurance Group worth $6,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in White Mountains Insurance Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 251,739 shares of the insurance provider’s stock valued at $489,647,000 after acquiring an additional 956 shares in the last quarter. Boston Partners boosted its stake in shares of White Mountains Insurance Group by 0.4% during the fourth quarter. Boston Partners now owns 85,445 shares of the insurance provider’s stock worth $165,820,000 after buying an additional 348 shares during the period. Cooke & Bieler LP acquired a new stake in shares of White Mountains Insurance Group during the fourth quarter worth about $66,268,000. Lord Abbett & CO. LLC boosted its stake in shares of White Mountains Insurance Group by 0.3% during the fourth quarter. Lord Abbett & CO. LLC now owns 33,116 shares of the insurance provider’s stock worth $64,413,000 after buying an additional 104 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of White Mountains Insurance Group during the fourth quarter worth about $63,160,000. Institutional investors and hedge funds own 88.65% of the company’s stock.

White Mountains Insurance Group Price Performance

Shares of WTM opened at $1,782.33 on Friday. White Mountains Insurance Group, Ltd. has a fifty-two week low of $1,666.22 and a fifty-two week high of $2,023.00. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 19.81 and a beta of 0.34. The firm has a 50-day simple moving average of $1,795.76 and a 200-day simple moving average of $1,868.68. 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 (NYSE:WTM) last announced its earnings results on Wednesday, May 7th. The insurance provider reported ($20.50) earnings per share for the quarter, missing the consensus estimate of ($14.00) by ($6.50). White Mountains Insurance Group had a return on equity of 10.56% and a net margin of 10.29%. The business had revenue of $472.20 million for the quarter.

White Mountains Insurance Group Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 17th were given a $1.00 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a yield of 0.05%. White Mountains Insurance Group’s payout ratio is currently 9.22%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 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.