White Mountains Insurance Group (NYSE:WTM) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• White Mountains Insurance Group experienced a significant increase in trading volume, with about 75,850 shares changing hands—an increase of 283% from the previous day.
• Wall Street analysts have updated their rating for the company's shares from "sell" to "hold."
• A substantial portion of the company’s stock, 88.65%, is now owned by institutional investors and hedge funds, highlighting strong institutional interest.

White Mountains Insurance Group, Ltd. (NYSE:WTM - Get Free Report) shares saw strong trading volume on Tuesday . 75,850 shares changed hands during trading, an increase of 283% from the previous session's volume of 19,828 shares.The stock last traded at $1,789.75 and had previously closed at $1,767.16.

White Mountains Insurance Group Stock Down 0.6%

The firm has a 50 day moving average of $1,799.44 and a 200 day moving average of $1,800.29. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 22.08 and a beta of 0.38. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13.

Institutional Investors Weigh In On White Mountains Insurance Group

Large investors have recently added to or reduced their stakes in the business. Private Trust Co. NA grew its stake in White Mountains Insurance Group by 87.5% during the first quarter. Private Trust Co. NA now owns 15 shares of the insurance provider's stock worth $29,000 after purchasing an additional 7 shares during the period. Fifth Third Bancorp grew its stake in White Mountains Insurance Group by 183.3% during the second quarter. Fifth Third Bancorp now owns 17 shares of the insurance provider's stock worth $31,000 after purchasing an additional 11 shares during the period. Geneos Wealth Management Inc. grew its stake in White Mountains Insurance Group by 325.0% during the first quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider's stock worth $33,000 after purchasing an additional 13 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in White Mountains Insurance Group by 90.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 21 shares of the insurance provider's stock worth $40,000 after purchasing an additional 10 shares during the period. Finally, Steph & Co. acquired a new stake in White Mountains Insurance Group during the second quarter worth approximately $47,000. 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.