White Mountains Insurance Group, Ltd. (NYSE:WTM) Holdings Cut by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA cut its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 320 shares of the insurance provider’s stock after selling 8 shares during the quarter. Pictet Asset Management Holding SA’s holdings in White Mountains Insurance Group were worth $622,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in WTM. Versant Capital Management Inc grew its stake in White Mountains Insurance Group by 90.0% during the 4th quarter. Versant Capital Management Inc now owns 19 shares of the insurance provider’s stock worth $37,000 after buying an additional 9 shares during the last quarter. Fortitude Family Office LLC bought a new position in shares of White Mountains Insurance Group during the fourth quarter worth about $37,000. Eagle Bay Advisors LLC bought a new position in shares of White Mountains Insurance Group during the fourth quarter worth about $103,000. Stonebridge Financial Group LLC acquired a new stake in shares of White Mountains Insurance Group in the 4th quarter worth about $117,000. Finally, Steward Partners Investment Advisory LLC lifted its position in White Mountains Insurance Group by 32.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 99 shares of the insurance provider’s stock valued at $193,000 after purchasing an additional 24 shares during the last quarter. 88.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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 Stock Performance

Shares of WTM stock opened at $1,705.08 on Wednesday. White Mountains Insurance Group, Ltd. has a 12-month low of $1,665.71 and a 12-month high of $2,023.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 18.95 and a beta of 0.34. The business has a 50 day simple moving average of $1,865.55 and a 200 day simple moving average of $1,874.53.

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

The business also recently announced an annual dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th were paid a dividend of $1.00 per share. The ex-dividend date was Monday, March 17th. This represents a yield of 0.05%. White Mountains Insurance Group’s payout ratio is 1.11%.

White Mountains Insurance Group 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.