White Mountains Insurance Group Ltd (WTM) Holdings Increased by Bank of America Corp DE

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Bank of America Corp DE raised its position in White Mountains Insurance Group Ltd (NYSE:WTM) by 15.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,291 shares of the insurance provider’s stock after acquiring an additional 3,475 shares during the quarter. Bank of America Corp DE owned approximately 0.80% of White Mountains Insurance Group worth $21,692,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in WTM. Lindbrook Capital LLC acquired a new stake in White Mountains Insurance Group in the fourth quarter valued at $25,000. Essex Investment Management Co. LLC acquired a new stake in shares of White Mountains Insurance Group during the 4th quarter worth about $60,000. IFP Advisors Inc lifted its stake in shares of White Mountains Insurance Group by 29.7% during the 4th quarter. IFP Advisors Inc now owns 96 shares of the insurance provider’s stock worth $82,000 after buying an additional 22 shares during the last quarter. Ffcm LLC acquired a new stake in shares of White Mountains Insurance Group during the 4th quarter worth about $129,000. Finally, ETF Managers Group LLC lifted its stake in shares of White Mountains Insurance Group by 15.4% during the 4th quarter. ETF Managers Group LLC now owns 157 shares of the insurance provider’s stock worth $135,000 after buying an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 87.52% of the company’s stock.

In other news, Director Yves Brouillette sold 3,360 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $908.51, for a total transaction of $3,052,593.60. Following the completion of the sale, the director now owns 6,949 shares in the company, valued at approximately $6,313,235.99. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Morgan W. Davis sold 1,214 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $924.40, for a total transaction of $1,122,221.60. Following the sale, the director now owns 6,639 shares of the company’s stock, valued at approximately $6,137,091.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,637 shares of company stock valued at $7,980,752. 4.00% of the stock is currently owned by corporate insiders.

NYSE WTM opened at $924.07 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.07. The stock has a market cap of $2.93 billion, a PE ratio of -88.09 and a beta of 0.47. White Mountains Insurance Group Ltd has a 52-week low of $804.40 and a 52-week high of $980.89.

White Mountains Insurance Group (NYSE:WTM) last posted its earnings results on Wednesday, February 6th. The insurance provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.97). The company had revenue of $11.60 million for the quarter. White Mountains Insurance Group had a positive return on equity of 0.15% and a negative net margin of 38.26%.

The business also recently announced an annual dividend, which was paid on Wednesday, March 27th. Stockholders of record on Monday, March 18th were paid a dividend of $1.00 per share. This represents a dividend yield of 0.11%. The ex-dividend date of this dividend was Friday, March 15th. White Mountains Insurance Group’s dividend payout ratio is presently -9.53%.

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White Mountains Insurance Group Profile

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurances services in the United States. The company operates through four segments: HG Global/BAM, NSM, MediaAlpha and Other Operations. 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.

See Also: Diluted Earnings Per Share

Institutional Ownership by Quarter for White Mountains Insurance Group (NYSE:WTM)

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