TD Asset Management Inc Sells 452 Shares of White Mountains Insurance Group, Ltd. $WTM

TD Asset Management Inc reduced its position in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 27.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,166 shares of the insurance provider’s stock after selling 452 shares during the period. TD Asset Management Inc’s holdings in White Mountains Insurance Group were worth $1,949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vestmark Advisory Solutions Inc. purchased a new position in White Mountains Insurance Group during the third quarter worth about $262,000. Citigroup Inc. raised its holdings in shares of White Mountains Insurance Group by 9.3% in the 3rd quarter. Citigroup Inc. now owns 1,489 shares of the insurance provider’s stock valued at $2,489,000 after acquiring an additional 127 shares in the last quarter. NewEdge Wealth LLC bought a new stake in shares of White Mountains Insurance Group during the 3rd quarter valued at about $196,000. Texas Yale Capital Corp. purchased a new position in shares of White Mountains Insurance Group during the third quarter worth about $1,137,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of White Mountains Insurance Group by 86.1% during the third quarter. JPMorgan Chase & Co. now owns 4,322 shares of the insurance provider’s stock worth $7,224,000 after purchasing an additional 1,999 shares in the last quarter. Hedge funds and other institutional investors own 88.65% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, 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. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

White Mountains Insurance Group Price Performance

Shares of White Mountains Insurance Group stock opened at $2,189.73 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.75 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $5.41 billion, a PE ratio of 5.06 and a beta of 0.32. The business’s 50-day moving average price is $2,116.58 and its 200-day moving average price is $1,970.04. White Mountains Insurance Group, Ltd. has a 12 month low of $1,648.00 and a 12 month high of $2,264.70.

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

White Mountains Insurance Group Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, March 25th. Investors of record on Monday, March 16th will be given a $1.00 dividend. 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 presently 0.23%.

Insider Buying and Selling

In other White Mountains Insurance Group news, Director Philip A. Gelston sold 165 shares of the business’s stock in a transaction 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 completion of the sale, the director directly owned 1,568 shares of the company’s stock, valued at $3,212,063.68. The trade was a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.20% of the stock is currently owned by insiders.

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.