OFI Invest Asset Management Makes New $1.32 Million Investment in White Mountains Insurance Group, Ltd. (NYSE:WTM)

OFI Invest Asset Management purchased a new position in White Mountains Insurance Group, Ltd. (NYSE:WTM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 704 shares of the insurance provider’s stock, valued at approximately $1,322,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Captrust Financial Advisors grew its position in shares of White Mountains Insurance Group by 1.1% during the third quarter. Captrust Financial Advisors now owns 536 shares of the insurance provider’s stock worth $909,000 after purchasing an additional 6 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in White Mountains Insurance Group by 1.9% during the third quarter. Glenmede Trust Co. NA now owns 384 shares of the insurance provider’s stock valued at $651,000 after buying an additional 7 shares during the last quarter. Arizona State Retirement System boosted its stake in White Mountains Insurance Group by 0.9% during the fourth quarter. Arizona State Retirement System now owns 746 shares of the insurance provider’s stock valued at $1,451,000 after buying an additional 7 shares during the last quarter. AMG National Trust Bank boosted its stake in White Mountains Insurance Group by 1.2% during the fourth quarter. AMG National Trust Bank now owns 572 shares of the insurance provider’s stock valued at $1,104,000 after buying an additional 7 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in White Mountains Insurance Group by 90.0% during the fourth quarter. Versant Capital Management Inc now owns 19 shares of the insurance provider’s stock valued at $37,000 after buying an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 88.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th.

White Mountains Insurance Group Price Performance

NYSE:WTM opened at $1,888.85 on Monday. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 20.99 and a beta of 0.41. White Mountains Insurance Group, Ltd. has a 1 year low of $1,665.71 and a 1 year high of $2,023.00. The business has a 50 day simple moving average of $1,882.91 and a 200-day simple moving average of $1,860.74. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.76 and a quick ratio of 0.76.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings data on Friday, February 7th. The insurance provider reported $12.44 earnings per share (EPS) for the quarter. White Mountains Insurance Group had a return on equity of 10.56% and a net margin of 10.29%.

White Mountains Insurance Group Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Monday, March 17th will be paid a $1.00 dividend. This represents a dividend yield of 0.05%. The ex-dividend date of this dividend is Monday, March 17th. White Mountains Insurance Group’s payout ratio is 1.11%.

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.