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

White Mountains Insurance Group, Ltd. (NYSE:WTM) shares saw an uptick in trading volume on Monday . 11,678 shares traded hands during trading, a decline of 16% from the previous session’s volume of 13,871 shares.The stock last traded at $1,961.93 and had previously closed at $1,976.22.

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 note on Monday.

White Mountains Insurance Group Price Performance

The company has a 50-day moving average of $1,916.88 and a 200 day moving average of $1,847.96. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $4.83 billion, a PE ratio of 7.44 and a beta of 0.45.

White Mountains Insurance Group (NYSE:WTM) last posted 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 net margin of 24.72% and a return on equity of 11.57%.

Institutional Trading of White Mountains Insurance Group

Several hedge funds have recently made changes to their positions in the company. Cooke & Bieler LP purchased a new stake in White Mountains Insurance Group in the 4th quarter valued at about $66,268,000. Raymond James Financial Inc. acquired a new stake in shares of White Mountains Insurance Group during the fourth quarter valued at about $63,160,000. Proficio Capital Partners LLC purchased a new stake in shares of White Mountains Insurance Group in the 4th quarter valued at approximately $45,407,000. WCM Investment Management LLC acquired a new position in shares of White Mountains Insurance Group in the 4th quarter worth approximately $22,477,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of White Mountains Insurance Group by 44.0% during the 3rd 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 during the period. Hedge funds and other 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.