PNC Financial Services Group Inc. Sells 6 Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM)

PNC Financial Services Group Inc. trimmed its holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM) by 1.1% in the 4th quarter, Holdings Channel reports. The fund owned 535 shares of the insurance provider’s stock after selling 6 shares during the quarter. PNC Financial Services Group Inc.’s holdings in White Mountains Insurance Group were worth $1,041,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Barclays PLC grew its position in White Mountains Insurance Group by 101.9% during the 3rd quarter. Barclays PLC now owns 1,151 shares of the insurance provider’s stock valued at $1,953,000 after purchasing an additional 581 shares during the last quarter. HighTower Advisors LLC grew its position in White Mountains Insurance Group by 579.1% during the 3rd quarter. HighTower Advisors LLC now owns 1,562 shares of the insurance provider’s stock valued at $2,646,000 after purchasing an additional 1,332 shares during the last quarter. XTX Topco Ltd purchased a new stake in White Mountains Insurance Group during the 3rd quarter valued at about $678,000. Oddo BHF Asset Management Sas purchased a new stake in White Mountains Insurance Group during the 3rd quarter valued at about $1,606,000. Finally, Geode Capital Management LLC grew its position in White Mountains Insurance Group by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 39,844 shares of the insurance provider’s stock valued at $67,603,000 after purchasing an additional 273 shares during the last quarter. 88.65% of the stock is currently owned by institutional investors.

White Mountains Insurance Group Stock Performance

Shares of WTM stock opened at $1,884.83 on Monday. The company’s 50-day moving average is $1,876.33 and its 200 day moving average is $1,863.65. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 20.94 and a beta of 0.41. White Mountains Insurance Group, Ltd. has a one year low of $1,665.71 and a one year high of $2,023.00.

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

White Mountains Insurance Group Announces Dividend

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

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research report 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.