GW&K Investment Management LLC Has $13.39 Million Stake in White Mountains Insurance Group, Ltd. $WTM

GW&K Investment Management LLC decreased its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 3.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,010 shares of the insurance provider’s stock after selling 262 shares during the period. GW&K Investment Management LLC’s holdings in White Mountains Insurance Group were worth $13,389,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its holdings in shares of White Mountains Insurance Group by 325.0% during the first quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider’s stock worth $33,000 after buying an additional 13 shares during the last quarter. Covestor Ltd increased its position in White Mountains Insurance Group by 366.7% during the third quarter. Covestor Ltd now owns 28 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 22 shares during the period. EverSource Wealth Advisors LLC raised its stake in White Mountains Insurance Group by 230.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 43 shares of the insurance provider’s stock valued at $77,000 after purchasing an additional 30 shares during the last quarter. Quent Capital LLC bought a new stake in White Mountains Insurance Group in the 3rd quarter valued at $100,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in White Mountains Insurance Group in the 2nd quarter worth $136,000. Institutional investors own 88.65% of the company’s stock.

Insider Activity at White Mountains Insurance Group

In other news, Director Philip A. Gelston sold 165 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $2,048.51, for a total value of $338,004.15. Following the transaction, the director owned 1,568 shares of the company’s stock, valued at $3,212,063.68. This represents a 9.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

WTM has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of White Mountains Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings raised shares of White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b+)” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, White Mountains Insurance Group currently has a consensus rating of “Buy”.

White Mountains Insurance Group Stock Down 0.7%

Shares of WTM opened at $2,172.65 on Friday. The business’s fifty day moving average price is $2,118.79 and its two-hundred day moving average price is $1,972.88. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 5.03 and a beta of 0.32. White Mountains Insurance Group, Ltd. has a 52 week low of $1,648.00 and a 52 week high of $2,264.70. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.75 and a current ratio of 0.89.

White Mountains Insurance Group (NYSE:WTM) last released its earnings results on Friday, February 6th. The insurance provider reported $39.77 earnings per share for the quarter, missing analysts’ consensus estimates of $379.45 by ($339.68). White Mountains Insurance Group had a return on equity of 8.12% and a net margin of 29.62%.The firm had revenue of $1.60 billion for the quarter.

White Mountains Insurance Group Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Monday, March 16th will be issued a dividend of $1.00 per share. This represents a yield of 4.0%. The ex-dividend date of this dividend is Monday, March 16th. White Mountains Insurance Group’s payout ratio is currently 0.23%.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd. is a Bermuda-based diversified insurance and financial services holding company organized in 1985 and headquartered in Hamilton, Bermuda. The company operates through a portfolio of insurance, reinsurance and specialty finance businesses, offering a blend of underwriting expertise and investment management to institutional clients worldwide. As a publicly traded entity on the New York Stock Exchange (NYSE: WTM), White Mountains seeks to generate long-term shareholder value by combining disciplined capital management with strategic acquisitions and organic growth initiatives.

Through its principal operating subsidiaries—most notably Sirius International Insurance Group, Ltd.