White Mountains Insurance Group (NYSE:WTM) Sees Unusually-High Trading Volume - Here's What Happened

White Mountains Insurance Group, Ltd. (NYSE:WTM - Get Free Report) saw an uptick in trading volume on Monday . 24,968 shares traded hands during mid-day trading, an increase of 88% from the previous session's volume of 13,297 shares.The stock last traded at $1,753.13 and had previously closed at $1,707.94.

Analysts Set New Price Targets

Separately, StockNews.com lowered White Mountains Insurance Group from a "hold" rating to a "sell" rating in a report on Monday, February 10th.

White Mountains Insurance Group Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $4.43 billion, a PE ratio of 19.39 and a beta of 0.34. The company's fifty day simple moving average is $1,832.58 and its two-hundred day simple moving average is $1,874.11.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last posted its earnings results on Friday, February 7th. The insurance provider reported $12.44 earnings per share (EPS) for the quarter. White Mountains Insurance Group had a return on equity of 10.56% and a net margin of 10.29%.

White Mountains Insurance Group Dividend Announcement

The company also recently announced an annual dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th were issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a yield of 0.05%. White Mountains Insurance Group's dividend payout ratio (DPR) is 1.11%.

Hedge Funds Weigh In On White Mountains Insurance Group

A number of institutional investors have recently modified their holdings of WTM. Barclays PLC raised its holdings in White Mountains Insurance Group by 101.9% in the 3rd quarter. Barclays PLC now owns 1,151 shares of the insurance provider's stock valued at $1,953,000 after acquiring an additional 581 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new position in White Mountains Insurance Group during the third quarter worth about $1,606,000. Geode Capital Management LLC boosted its stake in White Mountains Insurance Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 39,844 shares of the insurance provider's stock worth $67,603,000 after buying an additional 273 shares during the last quarter. Jane Street Group LLC grew its holdings in White Mountains Insurance Group by 41.0% in the 3rd quarter. Jane Street Group LLC now owns 1,307 shares of the insurance provider's stock valued at $2,217,000 after buying an additional 380 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of White Mountains Insurance Group by 17.6% during the 3rd quarter. Franklin Resources Inc. now owns 354 shares of the insurance provider's stock valued at $654,000 after acquiring an additional 53 shares during the last quarter. Institutional investors and hedge funds 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.