Victory Capital Management Inc. Sells 9,114 Shares of White Mountains Insurance Group, Ltd. $WTM

Victory Capital Management Inc. lessened its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 51.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 8,526 shares of the insurance provider’s stock after selling 9,114 shares during the period. Victory Capital Management Inc. owned 0.33% of White Mountains Insurance Group worth $14,251,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Handelsbanken Fonder AB boosted its position in shares of White Mountains Insurance Group by 83.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,100 shares of the insurance provider’s stock worth $1,839,000 after purchasing an additional 500 shares during the last quarter. Choreo LLC lifted its stake in White Mountains Insurance Group by 128.9% in the third quarter. Choreo LLC now owns 396 shares of the insurance provider’s stock valued at $662,000 after buying an additional 223 shares during the period. US Bancorp DE lifted its stake in White Mountains Insurance Group by 7.0% in the third quarter. US Bancorp DE now owns 123 shares of the insurance provider’s stock valued at $206,000 after buying an additional 8 shares during the period. Bradley Foster & Sargent Inc. CT boosted its holdings in White Mountains Insurance Group by 0.4% during the third quarter. Bradley Foster & Sargent Inc. CT now owns 5,546 shares of the insurance provider’s stock worth $9,270,000 after buying an additional 24 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. acquired a new position in shares of White Mountains Insurance Group during the 3rd quarter worth about $262,000. Institutional investors and hedge funds own 88.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WTM. Wall Street Zen raised White Mountains Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings upgraded shares of White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b+)” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Insiders Place Their Bets

In other White Mountains Insurance Group news, Director Philip A. Gelston sold 165 shares of White Mountains Insurance Group stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $2,048.51, for a total value of $338,004.15. Following the transaction, the director owned 1,568 shares of the company’s stock, valued at approximately $3,212,063.68. The trade was a 9.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

White Mountains Insurance Group Stock Performance

WTM stock opened at $2,230.75 on Wednesday. White Mountains Insurance Group, Ltd. has a 1-year low of $1,648.00 and a 1-year high of $2,264.70. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.14. The firm has a market cap of $5.51 billion, a PE ratio of 5.16 and a beta of 0.32. The business’s 50-day moving average price is $2,123.20 and its two-hundred day moving average price is $1,979.73.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings results on Friday, February 6th. The insurance provider reported $39.77 EPS for the quarter, missing analysts’ consensus estimates of $379.45 by ($339.68). White Mountains Insurance Group had a return on equity of 8.12% and a net margin of 29.62%.The business had revenue of $1.60 billion for the quarter.

White Mountains Insurance Group Announces Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Monday, March 16th will be issued a dividend of $1.00 per share. This represents a yield of 4.0%. The ex-dividend date is Monday, March 16th. White Mountains Insurance Group’s dividend payout ratio (DPR) is 0.23%.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is a Bermuda-based diversified insurance and financial services holding company organized in 1985 and headquartered in Hamilton, Bermuda. The company operates through a portfolio of insurance, reinsurance and specialty finance businesses, offering a blend of underwriting expertise and investment management to institutional clients worldwide. As a publicly traded entity on the New York Stock Exchange (NYSE: WTM), White Mountains seeks to generate long-term shareholder value by combining disciplined capital management with strategic acquisitions and organic growth initiatives.

Through its principal operating subsidiaries—most notably Sirius International Insurance Group, Ltd.