Cresset Asset Management LLC Sells 226 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

Cresset Asset Management LLC cut its position in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 41.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 320 shares of the insurance provider’s stock after selling 226 shares during the period. Cresset Asset Management LLC’s holdings in White Mountains Insurance Group were worth $622,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WTM. Huntington National Bank raised its position in shares of White Mountains Insurance Group by 57.1% during the fourth quarter. Huntington National Bank now owns 22 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 8 shares during the last quarter. GeoWealth Management LLC increased its position in White Mountains Insurance Group by 26.9% during the 4th quarter. GeoWealth Management LLC now owns 33 shares of the insurance provider’s stock valued at $64,000 after purchasing an additional 7 shares during the period. Eagle Bay Advisors LLC acquired a new stake in White Mountains Insurance Group during the 4th quarter valued at approximately $103,000. Stonebridge Financial Group LLC bought a new position in White Mountains Insurance Group during the 4th quarter worth approximately $117,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of White Mountains Insurance Group by 66.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 60 shares of the insurance provider’s stock worth $117,000 after purchasing an additional 24 shares during the period. 88.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of White Mountains Insurance Group from a “sell” rating to a “hold” rating in a research report on Tuesday.

White Mountains Insurance Group Stock Performance

WTM stock opened at $1,788.96 on Wednesday. The stock has a 50-day moving average price of $1,807.47 and a 200-day moving average price of $1,869.11. White Mountains Insurance Group, Ltd. has a 1-year low of $1,666.22 and a 1-year high of $2,023.00. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.60 billion, a PE ratio of 19.88 and a beta of 0.34.

White Mountains Insurance Group (NYSE:WTM) last released its earnings results on Wednesday, May 7th. The insurance provider reported ($20.50) EPS for the quarter, missing the consensus estimate of ($14.00) by ($6.50). White Mountains Insurance Group had a return on equity of 10.56% and a net margin of 10.29%. The business had revenue of $472.20 million for the quarter.

White Mountains Insurance Group Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 17th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a dividend yield of 0.05%. White Mountains Insurance Group’s dividend payout ratio is currently 9.22%.

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.