White Mountains Insurance Group (NYSE:WTM) Shares Gap Up – Still a Buy?

White Mountains Insurance Group, Ltd. (NYSE:WTM)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $1,889.94, but opened at $1,929.45. White Mountains Insurance Group shares last traded at $1,924.56, with a volume of 6,445 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a report on Monday, February 10th.

White Mountains Insurance Group Stock Down 0.7 %

The firm’s 50 day simple moving average is $1,880.64 and its 200-day simple moving average is $1,861.94. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 20.58 and a beta of 0.41. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.76 and a quick ratio of 0.76.

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

White Mountains Insurance Group Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th will be paid a dividend of $1.00 per share. This represents a yield of 0.05%. The ex-dividend date of this dividend is Monday, March 17th. White Mountains Insurance Group’s dividend payout ratio is presently 1.11%.

Hedge Funds Weigh In On White Mountains Insurance Group

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of White Mountains Insurance Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 251,739 shares of the insurance provider’s stock valued at $489,647,000 after acquiring an additional 956 shares in the last quarter. Boston Partners lifted its position in White Mountains Insurance Group by 0.4% in the fourth quarter. Boston Partners now owns 85,445 shares of the insurance provider’s stock valued at $165,820,000 after purchasing an additional 348 shares during the period. Wallace Capital Management Inc. boosted its holdings in White Mountains Insurance Group by 1.3% in the 3rd quarter. Wallace Capital Management Inc. now owns 82,366 shares of the insurance provider’s stock valued at $139,708,000 after purchasing an additional 1,062 shares in the last quarter. State Street Corp increased its position in White Mountains Insurance Group by 5.2% during the 3rd quarter. State Street Corp now owns 54,877 shares of the insurance provider’s stock worth $93,082,000 after purchasing an additional 2,714 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of 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 buying an additional 273 shares in the last quarter. 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.