Cove Street Capital LLC Reduces Stock Holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Cove Street Capital LLC reduced its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 49.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,067 shares of the insurance provider’s stock after selling 1,056 shares during the quarter. White Mountains Insurance Group makes up approximately 2.4% of Cove Street Capital LLC’s holdings, making the stock its 14th largest holding. Cove Street Capital LLC’s holdings in White Mountains Insurance Group were worth $2,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cooke & Bieler LP acquired a new position in shares of White Mountains Insurance Group during the fourth quarter valued at about $66,268,000. Raymond James Financial Inc. acquired a new position in White Mountains Insurance Group during the 4th quarter valued at approximately $63,160,000. Norges Bank purchased a new position in shares of White Mountains Insurance Group in the fourth quarter worth $59,661,000. Proficio Capital Partners LLC acquired a new stake in shares of White Mountains Insurance Group during the fourth quarter worth $45,407,000. Finally, WCM Investment Management LLC acquired a new stake in shares of White Mountains Insurance Group during the fourth quarter worth $22,477,000. 88.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

White Mountains Insurance Group Trading Down 2.2 %

Shares of NYSE:WTM opened at $1,904.22 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.10. White Mountains Insurance Group, Ltd. has a 52-week low of $1,665.71 and a 52-week high of $2,023.00. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 21.16 and a beta of 0.41. The business has a 50-day moving average price of $1,879.59 and a 200-day moving average price of $1,869.51.

White Mountains Insurance Group (NYSE:WTM) last posted 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 net margin of 10.29% and a return on equity of 10.56%.

White Mountains Insurance Group Dividend Announcement

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

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.