White Mountains Insurance Group (NYSE:WTM) Shares Gap Up to $1,762.00

White Mountains Insurance Group, Ltd. (NYSE:WTM - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $1,762.00, but opened at $1,811.85. White Mountains Insurance Group shares last traded at $1,811.85, with a volume of 1,029 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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 Price Performance

The firm has a market capitalization of $4.57 billion, a P/E ratio of 8.05 and a beta of 0.42. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. The business's 50 day moving average is $1,774.19 and its 200-day moving average is $1,647.24.

White Mountains Insurance Group Dividend Announcement

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

Insider Buying and Selling

In related news, major shareholder Mountains Insurance Grou White sold 5,000,200 shares of White Mountains Insurance Group stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $19.00, for a total transaction of $95,003,800.00. Following the sale, 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 Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On White Mountains Insurance Group

A number of hedge funds and other institutional investors have recently bought and sold shares of WTM. LRI Investments LLC acquired a new stake in shares of White Mountains Insurance Group during the first quarter valued at about $197,000. Tidal Investments LLC bought a new position in White Mountains Insurance Group in the 1st quarter valued at approximately $859,000. B. Riley Wealth Advisors Inc. acquired a new stake in White Mountains Insurance Group during the 1st quarter worth approximately $298,000. Elkhorn Partners Limited Partnership grew its holdings in White Mountains Insurance Group by 32.4% during the 1st quarter. Elkhorn Partners Limited Partnership now owns 23,600 shares of the insurance provider's stock worth $42,345,000 after acquiring an additional 5,781 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in 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 acquiring an additional 7 shares during the period. 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.