Raymond James Financial Inc. Buys Shares of 32,472 White Mountains Insurance Group, Ltd. (NYSE:WTM)

Raymond James Financial Inc. bought a new stake in White Mountains Insurance Group, Ltd. (NYSE:WTM) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 32,472 shares of the insurance provider’s stock, valued at approximately $63,160,000. Raymond James Financial Inc. owned approximately 1.26% of White Mountains Insurance Group as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of WTM. Versant Capital Management Inc boosted its holdings 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 acquiring an additional 9 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of White Mountains Insurance Group during the 4th quarter valued at $37,000. Eagle Bay Advisors LLC acquired a new stake in shares of White Mountains Insurance Group during the 4th quarter valued at $103,000. Stonebridge Financial Group LLC acquired a new stake in shares of White Mountains Insurance Group during the 4th quarter valued at $117,000. Finally, KBC Group NV boosted its holdings in shares of White Mountains Insurance Group by 21.9% during the 3rd quarter. KBC Group NV now owns 78 shares of the insurance provider’s stock valued at $132,000 after acquiring an additional 14 shares in the last quarter. Institutional investors and hedge funds own 88.65% of the company’s stock.

Wall Street Analysts Forecast Growth

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

White Mountains Insurance Group Trading Up 0.2 %

NYSE WTM opened at $1,893.67 on Tuesday. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 21.04 and a beta of 0.41. 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 twelve month low of $1,665.71 and a twelve month high of $2,023.00. The business’s fifty day moving average is $1,882.91 and its 200 day moving average is $1,860.74.

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

White Mountains Insurance Group Announces Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 17th will be given a dividend of $1.00 per share. This represents a yield of 0.05%. The ex-dividend date of this dividend is Monday, March 17th. White Mountains Insurance Group’s dividend payout ratio is currently 1.11%.

White Mountains Insurance Group Profile

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.