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

White Mountains Insurance Group, Ltd. (NYSE:WTM) shares saw strong trading volume on Tuesday . 6,062 shares traded hands during trading, a decline of 45% from the previous session’s volume of 10,965 shares.The stock last traded at $1,923.19 and had previously closed at $1,929.55.

White Mountains Insurance Group Stock Down 0.1 %

The company has a market cap of $4.95 billion, a PE ratio of 7.63 and a beta of 0.45. The firm has a 50-day simple moving average of $1,926.26 and a two-hundred day simple moving average of $1,820.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.76 and a quick ratio of 0.76.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WTM. River Road Asset Management LLC raised its position in shares of White Mountains Insurance Group by 1.6% in the third quarter. River Road Asset Management LLC now owns 118,206 shares of the insurance provider’s stock valued at $200,501,000 after buying an additional 1,886 shares during the last quarter. Wallace Capital Management Inc. raised its holdings in White Mountains Insurance Group by 1.3% in the 3rd quarter. Wallace Capital Management Inc. now owns 82,366 shares of the insurance provider’s stock valued at $139,708,000 after acquiring an additional 1,062 shares during the last quarter. Select Equity Group L.P. lifted its stake in shares of White Mountains Insurance Group by 18.9% during the 2nd quarter. Select Equity Group L.P. now owns 59,361 shares of the insurance provider’s stock worth $107,886,000 after purchasing an additional 9,430 shares during the period. State Street Corp lifted its stake in shares of White Mountains Insurance Group by 5.2% during the 3rd quarter. State Street Corp now owns 54,877 shares of the insurance provider’s stock worth $93,082,000 after purchasing an additional 2,714 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of White Mountains Insurance Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 39,844 shares of the insurance provider’s stock worth $67,603,000 after purchasing an additional 273 shares during the last quarter. 88.65% of the stock is currently owned by hedge funds and other 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.