White Mountains Insurance Group (NYSE:WTM) Sees Large Volume Increase – Still a Buy?

White Mountains Insurance Group, Ltd. (NYSE:WTM) saw unusually-high trading volume on Tuesday . Approximately 6,500 shares were traded during mid-day trading, a decline of 41% from the previous session’s volume of 10,944 shares.The stock last traded at $1,889.68 and had previously closed at $1,897.74.

White Mountains Insurance Group Trading Down 0.4 %

The company has a debt-to-equity ratio of 0.10, a current ratio of 0.76 and a quick ratio of 0.76. The firm’s 50 day moving average price is $1,797.64 and its 200 day moving average price is $1,776.92. The stock has a market capitalization of $4.86 billion, a P/E ratio of 7.48 and a beta of 0.43.

Institutional Investors Weigh In On White Mountains Insurance Group

A number of large investors have recently made changes to their positions in WTM. OFI Invest Asset Management bought a new stake in White Mountains Insurance Group in the second quarter valued at $526,000. Harbor Capital Advisors Inc. increased its position in shares of White Mountains Insurance Group by 282.1% during the second quarter. Harbor Capital Advisors Inc. now owns 1,192 shares of the insurance provider’s stock valued at $2,166,000 after buying an additional 880 shares during the period. Reinhart Partners LLC. raised its stake in White Mountains Insurance Group by 3.9% in the third quarter. Reinhart Partners LLC. now owns 39,369 shares of the insurance provider’s stock worth $66,778,000 after buying an additional 1,490 shares in the last quarter. Lecap Asset Management Ltd. purchased a new stake in White Mountains Insurance Group in the third quarter worth about $502,000. Finally, Russell Investments Group Ltd. boosted its position in White Mountains Insurance Group by 2,125.0% during the 1st quarter. Russell Investments Group Ltd. now owns 356 shares of the insurance provider’s stock valued at $639,000 after acquiring an additional 340 shares in the last quarter. 88.65% of the stock is currently owned by institutional investors.

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.