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

Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) saw unusually-high trading volume on Thursday . Approximately 24,419 shares traded hands during trading, an increase of 100% from the previous session’s volume of 12,183 shares.The stock last traded at $1,868.16 and had previously closed at $1,865.51.

Analyst Ratings Changes

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

White Mountains Insurance Group Trading Up 1.5 %

The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $4.79 billion, a P/E ratio of 20.94 and a beta of 0.41. The business has a 50-day moving average price of $1,877.31 and a two-hundred day moving average price of $1,861.83.

White Mountains Insurance Group (NYSE:WTM) last announced its quarterly earnings data 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 company also recently announced an annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th will be issued a $1.00 dividend. The ex-dividend date is Monday, March 17th. This represents a yield of 0.05%. White Mountains Insurance Group’s payout ratio is presently 1.11%.

Hedge Funds Weigh In On White Mountains Insurance Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC increased its holdings in White Mountains Insurance Group by 101.9% in the 3rd quarter. Barclays PLC now owns 1,151 shares of the insurance provider’s stock worth $1,953,000 after purchasing an additional 581 shares in the last quarter. HighTower Advisors LLC raised its position in shares of White Mountains Insurance Group by 579.1% during the third quarter. HighTower Advisors LLC now owns 1,562 shares of the insurance provider’s stock worth $2,646,000 after acquiring an additional 1,332 shares during the last quarter. XTX Topco Ltd bought a new stake in White Mountains Insurance Group in the third quarter worth approximately $678,000. Oddo BHF Asset Management Sas bought a new stake in White Mountains Insurance Group in the third quarter worth approximately $1,606,000. Finally, Geode Capital Management LLC increased its holdings in White Mountains Insurance Group by 0.7% in the third quarter. Geode Capital Management LLC now owns 39,844 shares of the insurance provider’s stock worth $67,603,000 after purchasing an additional 273 shares in the last quarter. Institutional investors and hedge funds own 88.65% of the company’s stock.

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.