White Mountains Insurance Group (NYSE:WTM) Shares Gap Down to $1,774.41

Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $1,774.41, but opened at $1,701.73. White Mountains Insurance Group shares last traded at $1,701.73, with a volume of 3,025 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of White Mountains Insurance Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 13th.

White Mountains Insurance Group Stock Performance

The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 8.03 and a beta of 0.42. The stock has a fifty day moving average price of $1,774.96 and a 200-day moving average price of $1,648.13. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11.

White Mountains Insurance Group Dividend Announcement

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Morgan Stanley raised its position in White Mountains Insurance Group by 0.5% during the third quarter. Morgan Stanley now owns 202,923 shares of the insurance provider's stock worth $303,512,000 after acquiring an additional 914 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in White Mountains Insurance Group by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 161,957 shares of the insurance provider's stock valued at $243,745,000 after buying an additional 1,464 shares during the period. Global Assets Advisory LLC acquired a new stake in shares of White Mountains Insurance Group in the first quarter valued at approximately $241,384,000. Reinhart Partners LLC. lifted its position in shares of White Mountains Insurance Group by 1.1% in the first quarter. Reinhart Partners LLC. now owns 38,225 shares of the insurance provider's stock valued at $68,588,000 after buying an additional 406 shares during the last quarter. Finally, Fiduciary Management Inc. WI increased its holdings in shares of White Mountains Insurance Group by 3.0% during the 4th quarter. Fiduciary Management Inc. WI now owns 37,978 shares of the insurance provider's stock worth $57,157,000 after acquiring an additional 1,123 shares during 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.

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