White Mountains Insurance Group (NYSE:WTM) Sees Strong Trading Volume - Here's Why

White Mountains Insurance Group, Ltd. (NYSE:WTM - Get Free Report) shares saw strong trading volume on Wednesday . 21,041 shares were traded during trading, an increase of 40% from the previous session's volume of 15,001 shares.The stock last traded at $1,790.32 and had previously closed at $1,778.74.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of White Mountains Insurance Group from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th.

White Mountains Insurance Group Stock Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 164.72 and a beta of 0.36. The stock's 50-day moving average is $1,787.16 and its 200 day moving average is $1,819.46.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The insurance provider reported ($20.50) EPS for the quarter, missing analysts' consensus estimates of ($14.00) by ($6.50). The firm had revenue of $472.20 million during the quarter. White Mountains Insurance Group had a net margin of 1.29% and a return on equity of 5.01%.

Institutional Investors Weigh In On White Mountains Insurance Group

A number of hedge funds have recently added to or reduced their stakes in WTM. Private Trust Co. NA lifted its position in White Mountains Insurance Group by 87.5% in the first quarter. Private Trust Co. NA now owns 15 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 7 shares during the period. Fifth Third Bancorp lifted its position in shares of White Mountains Insurance Group by 183.3% during the 2nd quarter. Fifth Third Bancorp now owns 17 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 11 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of White Mountains Insurance Group by 325.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 17 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 13 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of White Mountains Insurance Group by 90.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 21 shares of the insurance provider's stock valued at $40,000 after acquiring an additional 10 shares during the period. Finally, Huntington National Bank lifted its position in shares of White Mountains Insurance Group by 57.1% during the 4th quarter. Huntington National Bank now owns 22 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 8 shares during the period. 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.