Virtu Financial LLC increased its position in shares of White Mountains Insurance Group Ltd (NYSE:WTM) by 24.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 395 shares of the insurance provider’s stock after purchasing an additional 77 shares during the quarter. Virtu Financial LLC’s holdings in White Mountains Insurance Group were worth $336,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new position in shares of White Mountains Insurance Group during the second quarter valued at $135,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of White Mountains Insurance Group during the second quarter valued at $224,000. Pitcairn Co. acquired a new position in shares of White Mountains Insurance Group during the third quarter valued at $247,000. Royal Bank of Canada lifted its stake in shares of White Mountains Insurance Group by 6.1% during the second quarter. Royal Bank of Canada now owns 330 shares of the insurance provider’s stock valued at $286,000 after acquiring an additional 19 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in shares of White Mountains Insurance Group by 15.5% during the third quarter. D.A. Davidson & CO. now owns 463 shares of the insurance provider’s stock valued at $396,000 after acquiring an additional 62 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.
In other White Mountains Insurance Group news, Director Morgan W. Davis sold 350 shares of the stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $846.21, for a total value of $296,173.50. Following the transaction, the director now owns 20,790 shares of the company’s stock, valued at $17,592,705.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.10% of the company’s stock.
The business also recently announced an annual dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Monday, March 19th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, March 16th. White Mountains Insurance Group’s payout ratio is 0.68%.
Separately, Zacks Investment Research lowered White Mountains Insurance Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 28th.
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White Mountains Insurance Group Profile
White Mountains Insurance Group, Ltd. is a holding company. The Company’s principal businesses are conducted through its insurance subsidiaries and other affiliates. Its segments include HG Global/BAM and Other Operations. The HG Global/BAM segment consists of the operations of HG Global Ltd. (HG Global) and Build America Mutual Assurance Company (BAM).
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