White Mountains Insurance Group (NYSE:WTM) Sees Strong Trading Volume – Should You Buy?

White Mountains Insurance Group, Ltd. (NYSE:WTM) shares saw unusually-strong trading volume on Tuesday . Approximately 6,062 shares changed hands during mid-day trading, a decline of 45% from the previous session’s volume of 10,965 shares.The stock last traded at $1,923.19 and had previously closed at $1,929.55.

White Mountains Insurance Group Stock Performance

The stock has a market cap of $4.80 billion, a PE ratio of 7.40 and a beta of 0.46. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a 50-day simple moving average of $1,929.36 and a 200-day simple moving average of $1,821.45.

Institutional Trading of White Mountains Insurance Group

Several large investors have recently added to or reduced their stakes in WTM. Select Equity Group L.P. raised its holdings in shares of White Mountains Insurance Group by 18.9% during the 2nd quarter. Select Equity Group L.P. now owns 59,361 shares of the insurance provider’s stock valued at $107,886,000 after buying an additional 9,430 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of White Mountains Insurance Group by 44.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 22,555 shares of the insurance provider’s stock worth $38,258,000 after purchasing an additional 6,896 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its stake in shares of White Mountains Insurance Group by 422.9% in the third quarter. Horizon Kinetics Asset Management LLC now owns 7,138 shares of the insurance provider’s stock valued at $12,107,000 after purchasing an additional 5,773 shares during the period. Edgestream Partners L.P. purchased a new stake in White Mountains Insurance Group during the 3rd quarter worth $7,585,000. Finally, State Street Corp lifted its holdings in White Mountains Insurance Group by 5.2% in the 3rd quarter. State Street Corp now owns 54,877 shares of the insurance provider’s stock worth $93,082,000 after buying an additional 2,714 shares in the last quarter. 88.65% of the stock is currently owned by institutional investors and hedge funds.

White Mountains Insurance Group Company 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.