Utah Retirement Systems purchased a new position in White Mountains Insurance Group, Ltd. during the third quarter. (NYSE:WTM – Get Rating), the company said in its most recent disclosure to the Securities and Exchange Commission. The institutional investor purchased 156 shares of the insurance provider, valued at approximately $203,000.
A number of other major investors have also recently changed their positions in WTM. JPMorgan Chase & Co. increased its stake in White Mountains Insurance Group by 6.2% in the first quarter. JPMorgan Chase & Co. now owns 2,171 shares of the insurance provider, valued at $2,466,000, after purchasing an additional 127 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in White Mountains Insurance Group by 24.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 293 shares of the insurance provider, valued at $333,000, after purchasing an additional 58 shares last quarter. US Bancorp DE increased its position in White Mountains Insurance Group by 29.1% in the first quarter. US Bancorp DE now owns 133 shares of the insurance provider, valued at $151,000, after purchasing an additional 30 shares last quarter. HighTower Advisors LLC acquired a new interest in White Mountains Insurance Group during the first quarter for approximately $211,000. Finally, PNC Financial Services Group Inc. increased its position in shares of White Mountains Insurance Group by 202.6% during the first quarter. PNC Financial Services Group Inc. now owns 354 shares of the insurance provider, valued at $403,000, after buying another 237 shares last quarter. Institutional investors and hedge funds own 87.79% of the company’s shares.
Insider transactions at White Mountains Insurance Group
In other White Mountains Insurance Group news, CAO Michaela Hildreth sold 100 shares of the company’s shares in a transaction on Thursday, December 22nd. The shares sold at an average price of $1,371.84 for a total value of $137,184.00. Upon completion of the sale, the Chief Accounting Officer now directly owns 1,463 shares of the Company, valued at approximately $2,007,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. 2.57% of the shares are currently owned by insiders.
Analyst upgrades and downgrades
Separately, TheStreet upgraded shares of White Mountains Insurance Group from a “c” rating to a “b-” rating in a research note on Tuesday, November 15.
White Mountains Insurance Group stock performance
White Mountains Insurance Group shares opened at $1,322.18 on Tuesday. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 4.77 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 $1,389.54.
White Mountains Insurance Group announces dividend
The company also recently announced an annual dividend, which will be paid on Wednesday, March 22nd. Shareholders of record on Monday, March 13 will receive a dividend of $1.00 per share. The ex-dividend date is Friday March 10th. This equates to a dividend yield of 0.07%. White Mountains Insurance Group’s payout ratio is currently 0.36%.
About White Mountains Insurance Group (received a review)
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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