Bank of Nova Scotia Sells 32 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Bank of Nova Scotia lowered its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 15.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 182 shares of the insurance provider’s stock after selling 32 shares during the period. Bank of Nova Scotia’s holdings in White Mountains Insurance Group were worth $354,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of White Mountains Insurance Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 251,739 shares of the insurance provider’s stock valued at $489,647,000 after purchasing an additional 956 shares during the last quarter. Boston Partners grew its holdings in White Mountains Insurance Group by 0.4% in the 4th quarter. Boston Partners now owns 85,445 shares of the insurance provider’s stock valued at $165,820,000 after buying an additional 348 shares in the last quarter. State Street Corp increased its position in White Mountains Insurance Group by 5.2% during the 3rd quarter. State Street Corp now owns 54,877 shares of the insurance provider’s stock worth $93,082,000 after buying an additional 2,714 shares during the period. Geode Capital Management LLC lifted its holdings in shares of White Mountains Insurance Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 39,844 shares of the insurance provider’s stock worth $67,603,000 after buying an additional 273 shares in the last quarter. Finally, Cooke & Bieler LP bought a new stake in shares of White Mountains Insurance Group in the fourth quarter valued at about $66,268,000. 88.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

White Mountains Insurance Group Stock Up 2.2 %

Shares of WTM opened at $1,774.94 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.10. White Mountains Insurance Group, Ltd. has a 12 month low of $1,665.71 and a 12 month high of $2,023.00. The firm’s 50 day moving average is $1,847.53 and its 200-day moving average is $1,875.62. The stock has a market capitalization of $4.51 billion, a PE ratio of 19.72 and a beta of 0.34.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings data on Friday, February 7th. The insurance provider reported $12.44 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 Dividend Announcement

The business also recently declared an annual dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 17th were paid a $1.00 dividend. This represents a yield of 0.05%. The ex-dividend date of this dividend was Monday, March 17th. White Mountains Insurance Group’s dividend payout ratio (DPR) is presently 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.