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

Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) saw unusually-high trading volume on Monday . Approximately 14,432 shares were traded during mid-day trading, an increase of 25% from the previous session’s volume of 11,541 shares.The stock last traded at $1,903.89 and had previously closed at $1,880.50.

White Mountains Insurance Group Stock Performance

The stock has a market capitalization of $4.92 billion, a P/E ratio of 7.58 and a beta of 0.46. The company’s fifty day simple moving average is $1,929.56 and its two-hundred day simple moving average is $1,831.30. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.76 and a current ratio of 0.76.

Institutional Investors Weigh In On White Mountains Insurance Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in WTM. Captrust Financial Advisors increased its holdings in shares of White Mountains Insurance Group by 1.1% during the third quarter. Captrust Financial Advisors now owns 536 shares of the insurance provider’s stock worth $909,000 after buying an additional 6 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in White Mountains Insurance Group by 1.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 384 shares of the insurance provider’s stock worth $651,000 after purchasing an additional 7 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of White Mountains Insurance Group by 40.0% during the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 8 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of White Mountains Insurance Group by 90.0% in the fourth quarter. Versant Capital Management Inc now owns 19 shares of the insurance provider’s stock valued at $37,000 after buying an additional 9 shares during the period. Finally, Legacy Wealth Asset Management LLC raised its holdings in White Mountains Insurance Group by 3.3% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 317 shares of the insurance provider’s stock valued at $538,000 after buying an additional 10 shares during the last quarter. 88.65% of the stock is currently owned by institutional investors.

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.