Parker Investment Management LLC Reduces Stock Holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Parker Investment Management LLC reduced its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 500 shares of the insurance provider’s stock after selling 50 shares during the quarter. White Mountains Insurance Group makes up about 0.2% of Parker Investment Management LLC’s holdings, making the stock its 22nd biggest holding. Parker Investment Management LLC’s holdings in White Mountains Insurance Group were worth $973,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Wallace Capital Management Inc. lifted its stake in shares of White Mountains Insurance Group by 1.3% in the 3rd quarter. Wallace Capital Management Inc. now owns 82,366 shares of the insurance provider’s stock valued at $139,708,000 after purchasing an additional 1,062 shares during the period. State Street Corp raised its holdings in White Mountains Insurance Group by 5.2% in the third quarter. State Street Corp now owns 54,877 shares of the insurance provider’s stock worth $93,082,000 after purchasing an additional 2,714 shares in the last quarter. Geode Capital Management LLC lifted its position in 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 valued at $67,603,000 after buying an additional 273 shares during the period. Lord Abbett & CO. LLC boosted its holdings in shares of White Mountains Insurance Group by 7.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 33,012 shares of the insurance provider’s stock valued at $55,994,000 after buying an additional 2,430 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of White Mountains Insurance Group in the 4th quarter worth about $63,160,000. 88.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut 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 Price Performance

WTM stock opened at $1,893.67 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a 50 day moving average price of $1,882.91 and a 200-day moving average price of $1,860.74. White Mountains Insurance Group, Ltd. has a 52-week low of $1,665.71 and a 52-week high of $2,023.00. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 21.04 and a beta of 0.41.

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

The business also recently declared an annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Monday, March 17th will be given a $1.00 dividend. This represents a dividend yield of 0.05%. The ex-dividend date of this dividend is Monday, March 17th. White Mountains Insurance Group’s dividend payout ratio is presently 1.11%.

White Mountains Insurance Group Company Profile

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.