Victory Capital Management Inc. Sells 9,114 Shares of White Mountains Insurance Group, Ltd. $WTM

Victory Capital Management Inc. trimmed its position in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 51.7% during the third quarter, HoldingsChannel.com reports. The firm owned 8,526 shares of the insurance provider’s stock after selling 9,114 shares during the quarter. Victory Capital Management Inc.’s holdings in White Mountains Insurance Group were worth $14,251,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of WTM. Wedbush Securities Inc. lifted its stake in White Mountains Insurance Group by 2.9% in the 2nd quarter. Wedbush Securities Inc. now owns 211 shares of the insurance provider’s stock valued at $379,000 after acquiring an additional 6 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of White Mountains Insurance Group by 6.1% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 105 shares of the insurance provider’s stock worth $189,000 after acquiring an additional 6 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of White Mountains Insurance Group by 3.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 240 shares of the insurance provider’s stock valued at $401,000 after purchasing an additional 7 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of White Mountains Insurance Group by 1.7% in the third quarter. Farther Finance Advisors LLC now owns 476 shares of the insurance provider’s stock worth $796,000 after purchasing an additional 8 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of White Mountains Insurance Group by 7.0% in the third quarter. US Bancorp DE now owns 123 shares of the insurance provider’s stock worth $206,000 after purchasing an additional 8 shares in the last quarter. 88.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WTM has been the subject of a number of analyst reports. Wall Street Zen raised shares of White Mountains Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings upgraded shares of White Mountains Insurance Group from a “hold (c+)” rating to a “buy (b+)” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

White Mountains Insurance Group Stock Up 3.8%

NYSE:WTM opened at $2,230.75 on Wednesday. White Mountains Insurance Group, Ltd. has a twelve month low of $1,648.00 and a twelve month high of $2,264.70. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 5.16 and a beta of 0.32. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average price is $2,123.20 and its two-hundred day moving average price is $1,979.73.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings data on Friday, February 6th. The insurance provider reported $39.77 EPS for the quarter, missing the consensus estimate of $379.45 by ($339.68). White Mountains Insurance Group had a net margin of 29.62% and a return on equity of 8.12%. The company had revenue of $1.60 billion during the quarter.

White Mountains Insurance Group Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Monday, March 16th will be given a $1.00 dividend. This represents a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, March 16th. White Mountains Insurance Group’s dividend payout ratio (DPR) is 0.23%.

Insider Buying and Selling at White Mountains Insurance Group

In other news, Director Philip A. Gelston sold 165 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $2,048.51, for a total value of $338,004.15. Following the sale, the director directly owned 1,568 shares of the company’s stock, valued at approximately $3,212,063.68. This represents a 9.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by corporate insiders.

About White Mountains Insurance Group

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.