QRG Capital Management Inc. Trims Stock Holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM)

QRG Capital Management Inc. reduced its stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 28.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 383 shares of the insurance provider’s stock after selling 151 shares during the period. QRG Capital Management Inc.’s holdings in White Mountains Insurance Group were worth $745,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors lifted its holdings in White Mountains Insurance Group by 1.1% during the third quarter. Captrust Financial Advisors now owns 536 shares of the insurance provider’s stock valued at $909,000 after purchasing an additional 6 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of White Mountains Insurance Group by 1.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 384 shares of the insurance provider’s stock valued at $651,000 after purchasing an additional 7 shares during the period. Versant Capital Management Inc lifted its stake in shares of White Mountains Insurance Group by 90.0% during the 4th quarter. Versant Capital Management Inc now owns 19 shares of the insurance provider’s stock valued at $37,000 after buying an additional 9 shares in the last quarter. Parsons Capital Management Inc. RI increased its stake in White Mountains Insurance Group by 0.7% in the 4th quarter. Parsons Capital Management Inc. RI now owns 1,523 shares of the insurance provider’s stock worth $2,962,000 after buying an additional 10 shares in the last quarter. Finally, Principal Securities Inc. increased its stake in White Mountains Insurance Group by 6.9% in the 4th quarter. Principal Securities Inc. now owns 185 shares of the insurance provider’s stock worth $360,000 after buying an additional 12 shares in the last quarter. 88.65% of the stock is currently owned by institutional investors.

White Mountains Insurance Group Trading Down 2.1 %

WTM stock opened at $1,838.08 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.76 and a quick ratio of 0.76. White Mountains Insurance Group, Ltd. has a 1-year low of $1,665.71 and a 1-year high of $2,023.00. The business has a 50 day simple moving average of $1,888.60 and a two-hundred day simple moving average of $1,858.81. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 20.43 and a beta of 0.41.

White Mountains Insurance Group (NYSE:WTM) last issued its earnings results on Friday, February 7th. The insurance provider reported $12.44 earnings per share 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 company also recently disclosed an annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Monday, March 17th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a dividend yield of 0.05%. White Mountains Insurance Group’s payout ratio is 1.11%.

Analyst Upgrades and Downgrades

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

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.