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

White Mountains Insurance Group, Ltd. (NYSE:WTM) saw unusually-high trading volume on Thursday . Approximately 24,029 shares traded hands during trading, an increase of 71% from the previous session’s volume of 14,050 shares.The stock last traded at $1,775.96 and had previously closed at $1,813.97.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded White Mountains Insurance Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th.

White Mountains Insurance Group Stock Performance

The firm has a fifty day moving average price of $1,775.08 and a 200 day moving average price of $1,861.30. 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 stock has a market cap of $4.68 billion, a PE ratio of 20.20 and a beta of 0.34.

White Mountains Insurance Group (NYSE:WTM) last issued its quarterly earnings data on Wednesday, May 7th. The insurance provider reported ($20.50) EPS for the quarter, missing the consensus estimate of ($14.00) by ($6.50). White Mountains Insurance Group had a net margin of 10.29% and a return on equity of 10.56%. The business had revenue of $472.20 million for the quarter.

Hedge Funds Weigh In On White Mountains Insurance Group

Several hedge funds have recently made changes to their positions in WTM. GAMMA Investing LLC increased its position in shares of White Mountains Insurance Group by 276,054.7% in the 1st quarter. GAMMA Investing LLC now owns 146,362 shares of the insurance provider’s stock valued at $281,865,000 after acquiring an additional 146,309 shares during the period. Cooke & Bieler LP acquired a new position in shares of White Mountains Insurance Group in the 4th quarter valued at $66,268,000. Raymond James Financial Inc. acquired a new position in shares of White Mountains Insurance Group in the 4th quarter valued at $63,160,000. Norges Bank acquired a new position in shares of White Mountains Insurance Group in the 4th quarter valued at $59,661,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of White Mountains Insurance Group in the 4th quarter valued at $45,407,000. 88.65% of the stock is owned by institutional investors and hedge funds.

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.