Ensign Peak Advisors Inc increased its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM – Get Rating) rose 837.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 750 shares of the insurance provider after purchasing an additional 670 shares during the period. Ensign Peak Advisors Inc’s holdings in White Mountains Insurance Group were worth $977,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have recently changed their stock holdings. Exchange Traded Concepts LLC increased its stake in White Mountains Insurance Group by 109.1% during the third quarter. Exchange Traded Concepts LLC now owns 23 shares of the insurance provider, valued at $30,000, after purchasing an additional 12 shares last quarter. Bessemer Group Inc. increased its position in White Mountains Insurance Group by 250.0% in the third quarter. Bessemer Group Inc. now owns 35 shares of the insurance provider, valued at $46,000, after buying another 25 shares last quarter. Ronald Blue Trust Inc. acquired a new interest in White Mountains Insurance Group stock valued at approximately $47,000 during the second quarter. Quantbot Technologies LP acquired a new stake in White Mountains Insurance Group stock valued at approximately $70,000 during the first quarter. Finally, Tower Research Capital LLC TRC increased its stake in White Mountains Insurance Group stock by 73.3% during the third quarter. Tower Research Capital LLC TRC now owns 78 shares of the insurance provider, valued at $102,000, after buying an additional 33 shares last quarter. Institutional investors own 87.79% of the company’s shares.
Insider activity at White Mountains Insurance Group
In other news, CAO Michaela Hildreth sold 100 shares of the company’s stock in a transaction that took place on Thursday, December 22nd. The shares sold at an average price of $1,371.84 for a total value of $137,184.00. Following the transaction, the Chief Accounting Officer now owns 1,463 shares of the Company, valued at approximately $2,007,001.92. The sale was announced in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. 2.57% of the shares are currently owned by company insiders.
Analysts set new price targets
Separately, TheStreet upgraded shares of White Mountains Insurance Group from a “c” rating to a “b-” rating in a research report on Tuesday, November 15.
White Mountains Insurance Group stock performance
White Mountains Insurance Group shares opened at $1,383.38 on Monday. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 5.00 and a beta of 0.41. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt to equity ratio of 0.15. The White Mountains Insurance Group, Ltd. has a 12-month low of $1,030.38 and a 12-month high of $1,560.21. The company’s 50-day moving average is $1,458.95 and its 200-day moving average is $1,389.29.
White Mountains Insurance Group announces dividend
The company also recently announced an annual dividend, which will be paid on Wednesday, March 22nd. Investors of record on Monday, March 13 will receive a dividend of $1.00. This equates to a dividend yield of 0.07%. The ex-dividend date of this dividend is Friday March 10th. White Mountains Insurance Group’s payout ratio is currently 0.36%.
White Mountains Insurance Group Profile (Preserve Rating)
White Mountains Insurance Group Ltd. engages in the acquisition of businesses and assets in the insurance, financial services and related sectors. It operates through the following segments: HG Global/BAM, NSM, Kudu and Other Operations. The HG Global/BAM segment relates to White Mountains’ investment in HG Global Limited and the consolidated results of Build America Mutual Assurance Company (BAM).
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