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

White Mountains Insurance Group, Ltd. (NYSE:WTM) shares saw unusually-strong trading volume on Thursday . Approximately 17,408 shares traded hands during mid-day trading, an increase of 24% from the previous session’s volume of 14,046 shares.The stock last traded at $1,845.16 and had previously closed at $1,826.89.

Analyst Upgrades and Downgrades

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.

White Mountains Insurance Group Price Performance

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 firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 20.52 and a beta of 0.45. The business’s fifty day simple moving average is $1,891.05 and its 200 day simple moving average is $1,854.08.

White Mountains Insurance Group (NYSE:WTM) last issued its earnings results on Friday, February 7th. The insurance provider reported $12.44 EPS for the quarter. White Mountains Insurance Group had a return on equity of 10.56% and a net margin of 10.29%.

Institutional Investors Weigh In On White Mountains Insurance Group

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