Lighthouse Investment Partners LLC Takes $4.91 Million Position in White Mountains Insurance Group, Ltd. $WTM

Lighthouse Investment Partners LLC purchased a new stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,939 shares of the insurance provider’s stock, valued at approximately $4,913,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of WTM. Holocene Advisors LP bought a new stake in White Mountains Insurance Group during the 3rd quarter valued at $1,402,000. Gotham Asset Management LLC grew its position in shares of White Mountains Insurance Group by 618.6% during the 3rd quarter. Gotham Asset Management LLC now owns 6,899 shares of the insurance provider’s stock worth $11,532,000 after buying an additional 5,939 shares in the last quarter. Elevation Point Wealth Partners LLC increased its stake in shares of White Mountains Insurance Group by 106.6% during the third quarter. Elevation Point Wealth Partners LLC now owns 157 shares of the insurance provider’s stock valued at $262,000 after buying an additional 81 shares during the period. Bank of Nova Scotia increased its stake in shares of White Mountains Insurance Group by 3.1% during the third quarter. Bank of Nova Scotia now owns 202 shares of the insurance provider’s stock valued at $338,000 after buying an additional 6 shares during the period. Finally, Aquatic Capital Management LLC bought a new stake in shares of White Mountains Insurance Group in the third quarter valued at about $1,279,000. Institutional investors own 88.65% of the company’s stock.

White Mountains Insurance Group Stock Performance

Shares of WTM stock opened at $2,197.82 on Tuesday. White Mountains Insurance Group, Ltd. has a 12-month low of $1,648.00 and a 12-month high of $2,264.70. The business’s fifty day simple moving average is $2,133.80 and its 200-day simple moving average is $1,989.98. 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 company has a market cap of $5.43 billion, a PE ratio of 5.08 and a beta of 0.32.

White Mountains Insurance Group (NYSE:WTM) last posted its quarterly earnings data on Friday, February 6th. The insurance provider reported $39.77 earnings per share 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 during the quarter.

White Mountains Insurance Group Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Monday, March 16th will be issued a $1.00 dividend. This represents a yield of 5.0%. The ex-dividend date of this dividend is Monday, March 16th. White Mountains Insurance Group’s dividend payout ratio (DPR) is currently 0.23%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b+)” rating in a research note on Monday, March 2nd. Wall Street Zen raised shares of White Mountains Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

White Mountains Insurance Group Company Profile

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.