White Mountains Insurance Group (NYSE:WTM) Sees Strong Trading Volume – Here’s What Happened

Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) saw unusually-strong trading volume on Monday . Approximately 31,509 shares were traded during trading, an increase of 144% from the previous session’s volume of 12,928 shares.The stock last traded at $1,764.40 and had previously closed at $1,864.85.

Analyst Upgrades and Downgrades

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

White Mountains Insurance Group Stock Down 3.6 %

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 company has a 50-day moving average price of $1,878.76 and a 200 day moving average price of $1,875.97. The firm has a market capitalization of $4.33 billion, a PE ratio of 18.95 and a beta of 0.34.

White Mountains Insurance Group (NYSE:WTM) last released its quarterly earnings results on Friday, February 7th. The insurance provider reported $12.44 earnings per share 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 Dividend Announcement

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

Hedge Funds Weigh In On White Mountains Insurance Group

Several hedge funds have recently bought and sold shares of the business. FMR LLC increased its position in shares of White Mountains Insurance Group by 7.8% during the third quarter. FMR LLC now owns 22,196 shares of the insurance provider’s stock worth $37,649,000 after acquiring an additional 1,610 shares during the period. BNP Paribas Financial Markets increased its stake in shares of White Mountains Insurance Group by 204.0% during the third quarter. BNP Paribas Financial Markets now owns 301 shares of the insurance provider’s stock valued at $511,000 after buying an additional 202 shares during the period. Townsquare Capital LLC raised its holdings in shares of White Mountains Insurance Group by 13.9% in the third quarter. Townsquare Capital LLC now owns 139 shares of the insurance provider’s stock valued at $236,000 after acquiring an additional 17 shares in the last quarter. Captrust Financial Advisors lifted its stake in White Mountains Insurance Group by 1.1% in the third quarter. Captrust Financial Advisors now owns 536 shares of the insurance provider’s stock worth $909,000 after acquiring an additional 6 shares during the period. Finally, Verition Fund Management LLC grew its holdings in White Mountains Insurance Group by 26.5% during the 3rd quarter. Verition Fund Management LLC now owns 391 shares of the insurance provider’s stock worth $663,000 after acquiring an additional 82 shares in the last quarter. Institutional investors own 88.65% of the company’s stock.

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.