Federated Hermes Inc. Sells 7,993 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Federated Hermes Inc. cut its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 86.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,200 shares of the insurance provider’s stock after selling 7,993 shares during the quarter. Federated Hermes Inc.’s holdings in White Mountains Insurance Group were worth $1,806,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of WTM. Oak Thistle LLC bought a new position in shares of White Mountains Insurance Group during the 3rd quarter valued at $384,000. Kathleen S. Wright Associates Inc. bought a new position in shares of White Mountains Insurance Group during the 3rd quarter valued at $579,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of White Mountains Insurance Group by 0.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 31,912 shares of the insurance provider’s stock valued at $47,730,000 after buying an additional 234 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of White Mountains Insurance Group by 12.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 459 shares of the insurance provider’s stock valued at $687,000 after buying an additional 50 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of White Mountains Insurance Group by 0.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 11,539 shares of the insurance provider’s stock valued at $17,259,000 after buying an additional 61 shares during the period. 88.65% of the stock is owned by institutional investors.

White Mountains Insurance Group Trading Down 0.9 %

NYSE:WTM opened at $1,768.38 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 8.91 and a beta of 0.42. White Mountains Insurance Group, Ltd. has a one year low of $1,319.05 and a one year high of $1,849.99. The business has a fifty day moving average price of $1,760.49 and a 200-day moving average price of $1,607.42.

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. The firm had revenue of $453.80 million during the quarter. White Mountains Insurance Group had a return on equity of 4.08% and a net margin of 23.50%.

White Mountains Insurance Group Announces Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a yield of 0.06%. White Mountains Insurance Group’s payout ratio is presently 0.50%.

Analyst Ratings Changes

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

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.