Bank of America Corp DE Has $80.63 Million Stock Position in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Bank of America Corp DE reduced its position in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 41,453 shares of the insurance provider’s stock after selling 1,006 shares during the period. Bank of America Corp DE’s holdings in White Mountains Insurance Group were worth $80,629,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of WTM. Cooke & Bieler LP acquired a new stake in White Mountains Insurance Group in the 4th quarter valued at about $66,268,000. Raymond James Financial Inc. acquired a new stake in White Mountains Insurance Group in the 4th quarter valued at about $63,160,000. Norges Bank acquired a new stake in White Mountains Insurance Group in the 4th quarter valued at about $59,661,000. Proficio Capital Partners LLC acquired a new stake in White Mountains Insurance Group in the 4th quarter valued at about $45,407,000. Finally, WCM Investment Management LLC acquired a new stake in White Mountains Insurance Group in the 4th quarter valued at about $22,477,000. 88.65% of the stock is currently owned by institutional investors and hedge funds.

White Mountains Insurance Group Trading Up 0.6%

Shares of WTM stock opened at $1,799.19 on Monday. The firm has a 50 day moving average price of $1,809.22 and a two-hundred day moving average price of $1,869.59. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $4.63 billion, a PE ratio of 19.99 and a beta of 0.34. White Mountains Insurance Group, Ltd. has a 12-month low of $1,666.22 and a 12-month high of $2,023.00.

White Mountains Insurance Group (NYSE:WTM) last issued its quarterly earnings data on Wednesday, May 7th. The insurance provider reported ($20.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($14.00) by ($6.50). The company had revenue of $472.20 million 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 disclosed an annual dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a yield of 0.05%. White Mountains Insurance Group’s dividend payout ratio (DPR) is presently 1.11%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th.

About White Mountains Insurance Group

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.