Cannon Global Investment Management LLC Cuts Stake in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Cannon Global Investment Management LLC cut its stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 25.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 150 shares of the insurance provider’s stock after selling 50 shares during the quarter. Cannon Global Investment Management LLC’s holdings in White Mountains Insurance Group were worth $292,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in shares of White Mountains Insurance Group by 90.0% in the fourth quarter. Versant Capital Management Inc now owns 19 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 9 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of White Mountains Insurance Group in the fourth quarter valued at about $37,000. Eagle Bay Advisors LLC acquired a new position in White Mountains Insurance Group during the fourth quarter worth about $103,000. Stonebridge Financial Group LLC purchased a new stake in White Mountains Insurance Group during the 4th quarter valued at about $117,000. Finally, Steward Partners Investment Advisory LLC raised its holdings 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 acquiring an additional 24 shares during the last quarter. 88.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut White Mountains Insurance Group from a “hold” rating to a “sell” rating in a report on Monday, February 10th.

White Mountains Insurance Group Stock Down 0.6 %

Shares of NYSE:WTM opened at $1,862.73 on Monday. White Mountains Insurance Group, Ltd. has a 52-week low of $1,665.71 and a 52-week high of $2,023.00. 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 business has a fifty day moving average of $1,875.65 and a two-hundred day moving average of $1,865.18. The stock has a market cap of $4.73 billion, a P/E ratio of 20.70 and a beta of 0.41.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings data on Friday, February 7th. The insurance provider reported $12.44 earnings per share (EPS) for the quarter. White Mountains Insurance Group had a net margin of 10.29% and a return on equity of 10.56%.

White Mountains Insurance Group Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 17th will be given a $1.00 dividend. The ex-dividend date is 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.