Brandywine Global Investment Management LLC reduced its position in shares of White Mountains Insurance Group Ltd (NYSE:WTM) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,421 shares of the insurance provider’s stock after selling 2,509 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.38% of White Mountains Insurance Group worth $12,277,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company acquired a new stake in White Mountains Insurance Group during the 2nd quarter worth approximately $135,000. Raymond James Financial Services Advisors Inc. acquired a new position in White Mountains Insurance Group in the 2nd quarter valued at $224,000. Royal Bank of Canada raised its holdings in White Mountains Insurance Group by 6.1% in the 2nd quarter. Royal Bank of Canada now owns 330 shares of the insurance provider’s stock valued at $286,000 after acquiring an additional 19 shares in the last quarter. Virtu Financial LLC raised its holdings in White Mountains Insurance Group by 24.2% in the 4th quarter. Virtu Financial LLC now owns 395 shares of the insurance provider’s stock valued at $336,000 after acquiring an additional 77 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in White Mountains Insurance Group by 15.5% in the 3rd quarter. D.A. Davidson & CO. now owns 463 shares of the insurance provider’s stock valued at $396,000 after acquiring an additional 62 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research cut White Mountains Insurance Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 28th.
The business also recently disclosed an annual dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Monday, March 19th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, March 16th. White Mountains Insurance Group’s dividend payout ratio is presently 4.23%.
In other White Mountains Insurance Group news, Director Morgan W. Davis sold 350 shares of White Mountains Insurance Group stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $846.21, for a total value of $296,173.50. Following the completion of the transaction, the director now directly owns 20,790 shares of the company’s stock, valued at approximately $17,592,705.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.10% of the stock is owned by insiders.
ILLEGAL ACTIVITY WARNING: This story was published by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/03/13/brandywine-global-investment-management-llc-reduces-position-in-white-mountains-insurance-group-ltd-wtm.html.
About White Mountains Insurance Group
White Mountains Insurance Group, Ltd. is a holding company. The Company’s principal businesses are conducted through its insurance subsidiaries and other affiliates. Its segments include HG Global/BAM and Other Operations. The HG Global/BAM segment consists of the operations of HG Global Ltd. (HG Global) and Build America Mutual Assurance Company (BAM).
Want to see what other hedge funds are holding WTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for White Mountains Insurance Group Ltd (NYSE:WTM).
Receive News & Ratings for White Mountains Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for White Mountains Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.