Horizon Kinetics Asset Management LLC Buys 2,951 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Horizon Kinetics Asset Management LLC increased its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 41.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,089 shares of the insurance provider’s stock after acquiring an additional 2,951 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in White Mountains Insurance Group were worth $19,624,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Barclays PLC grew its holdings in White Mountains Insurance Group by 101.9% during the third quarter. Barclays PLC now owns 1,151 shares of the insurance provider’s stock worth $1,953,000 after buying an additional 581 shares in the last quarter. HighTower Advisors LLC grew its stake in White Mountains Insurance Group by 579.1% in the 3rd quarter. HighTower Advisors LLC now owns 1,562 shares of the insurance provider’s stock valued at $2,646,000 after purchasing an additional 1,332 shares during the period. XTX Topco Ltd bought a new position in White Mountains Insurance Group in the 3rd quarter valued at $678,000. Oddo BHF Asset Management Sas bought a new position in White Mountains Insurance Group in the 3rd quarter valued at $1,606,000. Finally, Geode Capital Management LLC grew its stake in White Mountains Insurance Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 39,844 shares of the insurance provider’s stock valued at $67,603,000 after purchasing an additional 273 shares during the period. Institutional investors own 88.65% of the company’s stock.

White Mountains Insurance Group Stock Up 1.5 %

Shares of NYSE:WTM opened at $1,884.83 on Monday. The company has a market capitalization of $4.79 billion, a PE ratio of 20.94 and a beta of 0.41. 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 business has a fifty day moving average price of $1,876.33 and a two-hundred day moving average price of $1,863.65. White Mountains Insurance Group, Ltd. has a 1 year low of $1,665.71 and a 1 year high of $2,023.00.

White Mountains Insurance Group (NYSE:WTM) last issued its quarterly earnings results on Friday, February 7th. The insurance provider reported $12.44 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 company 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 dividend of $1.00 per share. The ex-dividend date is Monday, March 17th. This represents a dividend yield of 0.05%. White Mountains Insurance Group’s dividend payout ratio is presently 1.11%.

Analyst Ratings Changes

Separately, StockNews.com downgraded 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.