Jane Street Group LLC Invests $78,000 in Waterdrop Inc. (NYSE:WDH)

Jane Street Group LLC bought a new position in shares of Waterdrop Inc. (NYSE:WDH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 66,075 shares of the company’s stock, valued at approximately $78,000.

Separately, IDG China Capital Fund III Associates L.P. bought a new stake in Waterdrop during the fourth quarter worth about $6,760,000. Institutional investors own 1.96% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Waterdrop from a “hold” rating to a “buy” rating in a research note on Friday, May 30th.

Waterdrop Stock Performance

Shares of WDH opened at $1.48 on Monday. The company has a market cap of $534.65 million, a price-to-earnings ratio of 12.29 and a beta of -0.29. The stock has a fifty day moving average price of $1.34 and a two-hundred day moving average price of $1.27. Waterdrop Inc. has a 52-week low of $0.97 and a 52-week high of $1.57.

Waterdrop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend was Friday, April 11th. Waterdrop’s dividend payout ratio is currently 21.43%.

About Waterdrop

Waterdrop Inc, through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services.