D. E. Shaw & Co. Inc. Sells 17 Shares of White Mountains Insurance Group Ltd (WTM)

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D. E. Shaw & Co. Inc. reduced its stake in White Mountains Insurance Group Ltd (NYSE:WTM) by 5.7% during the 4th quarter, HoldingsChannel reports. The fund owned 283 shares of the insurance provider’s stock after selling 17 shares during the period. D. E. Shaw & Co. Inc.’s holdings in White Mountains Insurance Group were worth $243,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WTM. Federated Investors Inc. PA purchased a new stake in shares of White Mountains Insurance Group in the third quarter valued at $26,391,000. Robeco Institutional Asset Management B.V. lifted its position in shares of White Mountains Insurance Group by 89.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 29,399 shares of the insurance provider’s stock valued at $25,209,000 after acquiring an additional 13,843 shares in the last quarter. Boston Partners lifted its position in shares of White Mountains Insurance Group by 7.8% in the fourth quarter. Boston Partners now owns 175,347 shares of the insurance provider’s stock valued at $150,393,000 after acquiring an additional 12,696 shares in the last quarter. Atlanta Capital Management Co. L L C lifted its position in shares of White Mountains Insurance Group by 14.3% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 88,932 shares of the insurance provider’s stock valued at $76,276,000 after acquiring an additional 11,120 shares in the last quarter. Finally, Vanguard Group Inc lifted its position in shares of White Mountains Insurance Group by 3.0% in the third quarter. Vanguard Group Inc now owns 279,266 shares of the insurance provider’s stock valued at $261,356,000 after acquiring an additional 8,080 shares in the last quarter. Institutional investors and hedge funds own 87.52% of the company’s stock.

In related news, EVP Robert Lawrence Seelig sold 2,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $954.29, for a total transaction of $1,908,580.00. Following the transaction, the executive vice president now directly owns 15,593 shares in the company, valued at $14,880,243.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Morgan W. Davis sold 954 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $925.21, for a total value of $882,650.34. Following the transaction, the director now owns 6,639 shares in the company, valued at $6,142,469.19. The disclosure for this sale can be found here. Insiders have sold 10,544 shares of company stock worth $9,734,665 over the last quarter. 4.00% of the stock is currently owned by company insiders.

Shares of NYSE:WTM opened at $912.32 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.07. White Mountains Insurance Group Ltd has a 52-week low of $832.88 and a 52-week high of $980.89. The firm has a market capitalization of $2.90 billion, a PE ratio of -86.97 and a beta of 0.47.

White Mountains Insurance Group (NYSE:WTM) last issued its quarterly earnings data on Wednesday, February 6th. The insurance provider reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.97). White Mountains Insurance Group had a negative net margin of 38.26% and a positive return on equity of 0.15%. The company had revenue of $11.60 million during the quarter.

The firm also recently announced an annual dividend, which was paid on Wednesday, March 27th. Investors of record on Monday, March 18th were given a dividend of $1.00 per share. The ex-dividend date was Friday, March 15th. This represents a yield of 0.11%. White Mountains Insurance Group’s dividend payout ratio (DPR) is presently -9.53%.

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About White Mountains Insurance Group

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurances services in the United States. The company operates through four segments: HG Global/BAM, NSM, MediaAlpha and Other Operations. 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.

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Institutional Ownership by Quarter for White Mountains Insurance Group (NYSE:WTM)

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