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

Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) saw an uptick in trading volume on Tuesday . 12,538 shares changed hands during mid-day trading, a decline of 10% from the previous session’s volume of 13,957 shares.The stock last traded at $1,913.12 and had previously closed at $1,932.46.

White Mountains Insurance Group Stock Up 0.8 %

The stock has a market cap of $4.94 billion, a P/E ratio of 7.60 and a beta of 0.45. 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 firm has a 50 day simple moving average of $1,922.36 and a 200-day simple moving average of $1,841.29.

Institutional Investors Weigh In On White Mountains Insurance Group

A number of large investors have recently added to or reduced their stakes in WTM. Proficio Capital Partners LLC acquired a new stake in White Mountains Insurance Group during the fourth quarter worth approximately $45,407,000. WCM Investment Management LLC acquired a new stake in White Mountains Insurance Group during the fourth quarter worth approximately $22,477,000. Allspring Global Investments Holdings LLC grew its position in White Mountains Insurance Group by 44.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 22,555 shares of the insurance provider’s stock worth $38,258,000 after buying an additional 6,896 shares in the last quarter. Horizon Kinetics Asset Management LLC grew its position in White Mountains Insurance Group by 422.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 7,138 shares of the insurance provider’s stock worth $12,107,000 after buying an additional 5,773 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of White Mountains Insurance Group in the 3rd quarter valued at $7,585,000. Institutional investors and hedge funds 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.