White Mountains Insurance Group, Ltd. $WTM Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) by 37.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 736 shares of the insurance provider’s stock after selling 437 shares during the quarter. Truist Financial Corp’s holdings in White Mountains Insurance Group were worth $1,529,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cooke & Bieler LP lifted its holdings in shares of White Mountains Insurance Group by 40.5% during the 3rd quarter. Cooke & Bieler LP now owns 107,851 shares of the insurance provider’s stock valued at $180,275,000 after acquiring an additional 31,070 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of White Mountains Insurance Group by 86.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,322 shares of the insurance provider’s stock valued at $7,224,000 after acquiring an additional 1,999 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of White Mountains Insurance Group during the 3rd quarter valued at $2,950,000. Mraz Amerine & Associates Inc. lifted its holdings in shares of White Mountains Insurance Group by 4.8% during the 3rd quarter. Mraz Amerine & Associates Inc. now owns 22,606 shares of the insurance provider’s stock valued at $37,787,000 after acquiring an additional 1,030 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of White Mountains Insurance Group by 83.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 1,100 shares of the insurance provider’s stock valued at $1,839,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 88.65% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings lowered shares of White Mountains Insurance Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

White Mountains Insurance Group Stock Performance

White Mountains Insurance Group stock opened at $2,144.13 on Friday. White Mountains Insurance Group, Ltd. has a 12-month low of $1,648.00 and a 12-month high of $2,333.00. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 5.27 and a beta of 0.32. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.79 and a quick ratio of 0.79. The firm’s fifty day moving average price is $2,206.96 and its 200 day moving average price is $2,106.38.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings results on Wednesday, May 6th. The insurance provider reported ($12.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.00) by ($8.59). White Mountains Insurance Group had a return on equity of 9.19% and a net margin of 28.44%.The firm had revenue of $517.80 million for the quarter, compared to analysts’ expectations of $515.40 million.

White Mountains Insurance Group Announces Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, March 25th. Investors of record on Monday, March 16th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a yield of 5.0%. White Mountains Insurance Group’s payout ratio is 0.25%.

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.