White Mountains Insurance Group (NYSE:WTM) Sees Strong Trading Volume – Still a Buy?

Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) saw unusually-high trading volume on Thursday . Approximately 16,120 shares traded hands during mid-day trading, an increase of 35% from the previous session’s volume of 11,917 shares.The stock last traded at $1,836.36 and had previously closed at $1,835.75.

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 Down 0.8 %

The stock has a 50-day moving average price of $1,886.75 and a two-hundred day moving average price of $1,859.22. The stock has a market capitalization of $4.72 billion, a PE ratio of 20.44 and a beta of 0.41. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.76 and a current ratio of 0.76.

White Mountains Insurance Group (NYSE:WTM) last issued 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 10.29% and a return on equity of 10.56%.

White Mountains Insurance Group Announces Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 17th will be issued a $1.00 dividend. This represents a yield of 0.05%. The ex-dividend date is Monday, March 17th. White Mountains Insurance Group’s dividend payout ratio is currently 1.11%.

Institutional Investors Weigh In On White Mountains Insurance Group

Institutional investors have recently bought and sold shares of the business. Cooke & Bieler LP bought a new position in shares of White Mountains Insurance Group in the fourth quarter worth about $66,268,000. Raymond James Financial Inc. purchased a new position in White Mountains Insurance Group in the 4th quarter worth approximately $63,160,000. Norges Bank bought a new position in White Mountains Insurance Group in the 4th quarter worth approximately $59,661,000. Proficio Capital Partners LLC purchased a new stake in White Mountains Insurance Group during the 4th quarter valued at approximately $45,407,000. Finally, WCM Investment Management LLC bought a new stake in shares of White Mountains Insurance Group during the fourth quarter valued at approximately $22,477,000. 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.