White Mountains Insurance Group (NYSE:WTM) Shares Gap Down to $1,845.92

White Mountains Insurance Group, Ltd. (NYSE:WTM - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $1,845.92, but opened at $1,800.02. White Mountains Insurance Group shares last traded at $1,800.02, with a volume of 893 shares traded.

Analysts Set New Price Targets

Several brokerages have recently commented on WTM. TheStreet upgraded shares of White Mountains Insurance Group from a "c+" rating to a "b" rating in a research note on Wednesday, January 17th. StockNews.com lowered shares of White Mountains Insurance Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 13th.

White Mountains Insurance Group Trading Down 1.7 %

The business's 50-day moving average is $1,772.25 and its two-hundred day moving average is $1,634.02. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $4.54 billion, a P/E ratio of 7.95 and a beta of 0.42.

White Mountains Insurance Group Announces Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were issued a $1.00 dividend. The ex-dividend date was Friday, March 8th. This represents a dividend yield of 0.06%. White Mountains Insurance Group's payout ratio is 0.45%.

Insider Buying and Selling

In other White Mountains Insurance Group news, major shareholder Mountains Insurance Grou White sold 5,000,200 shares of the company's stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $19.00, for a total value of $95,003,800.00. Following the transaction, the insider now directly owns 17,856,614 shares of the company's stock, valued at approximately $339,275,666. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On White Mountains Insurance Group

Several institutional investors and hedge funds have recently made changes to their positions in WTM. O Shaughnessy Asset Management LLC lifted its stake in shares of White Mountains Insurance Group by 0.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,038 shares of the insurance provider's stock valued at $1,862,000 after purchasing an additional 7 shares during the period. Intech Investment Management LLC acquired a new position in White Mountains Insurance Group in the first quarter valued at approximately $230,000. Lord Abbett & CO. LLC boosted its holdings in shares of White Mountains Insurance Group by 16.0% during the 1st quarter. Lord Abbett & CO. LLC now owns 28,472 shares of the insurance provider's stock worth $51,088,000 after buying an additional 3,934 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of White Mountains Insurance Group during the 1st quarter worth approximately $210,000. Finally, US Bancorp DE increased its stake in shares of White Mountains Insurance Group by 15.1% in the 1st quarter. US Bancorp DE now owns 229 shares of the insurance provider's stock valued at $411,000 after acquiring an additional 30 shares in the last quarter. 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.