Victory Capital Management Inc. Trims Stake in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Victory Capital Management Inc. cut its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,346 shares of the insurance provider’s stock after selling 784 shares during the period. Victory Capital Management Inc. owned 0.72% of White Mountains Insurance Group worth $27,611,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Allworth Financial LP bought a new position in White Mountains Insurance Group in the 4th quarter worth $26,000. GAMMA Investing LLC bought a new position in shares of White Mountains Insurance Group in the fourth quarter worth about $33,000. Gladius Capital Management LP lifted its position in shares of White Mountains Insurance Group by 500.0% during the 3rd quarter. Gladius Capital Management LP now owns 24 shares of the insurance provider’s stock valued at $36,000 after buying an additional 20 shares in the last quarter. Blue Trust Inc. grew its stake in shares of White Mountains Insurance Group by 38.1% during the 4th quarter. Blue Trust Inc. now owns 29 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 8 shares during the period. Finally, Anchor Investment Management LLC purchased a new stake in White Mountains Insurance Group in the 4th quarter worth approximately $75,000. Hedge funds and other institutional investors own 88.65% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on WTM shares. TheStreet raised shares of White Mountains Insurance Group from a “c+” rating to a “b” rating in a report on Wednesday, January 17th. StockNews.com downgraded shares of White Mountains Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, April 13th.

White Mountains Insurance Group Stock Up 0.2 %

Shares of WTM opened at $1,858.63 on Wednesday. The business’s 50 day moving average is $1,766.21 and its 200 day moving average is $1,622.76. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. White Mountains Insurance Group, Ltd. has a 12-month low of $1,319.05 and a 12-month high of $1,899.21. The company has a market capitalization of $4.78 billion, a PE ratio of 9.36 and a beta of 0.42.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $27.14 earnings per share (EPS) for the quarter. White Mountains Insurance Group had a net margin of 23.50% and a return on equity of 4.08%. The business had revenue of $453.80 million during the quarter.

White Mountains Insurance Group Announces Dividend

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

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.