White Mountains Insurance Group (NYSE:WTM) Sees Unusually-High Trading Volume – Still a Buy?

Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) saw unusually-strong trading volume on Friday . Approximately 14,210 shares traded hands during trading, an increase of 13% from the previous session’s volume of 12,624 shares.The stock last traded at $1,877.19 and had previously closed at $1,861.79.

White Mountains Insurance Group Trading Up 0.2 %

The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $4.80 billion, a P/E ratio of 7.39 and a beta of 0.46. The company has a 50-day moving average price of $1,934.32 and a 200 day moving average price of $1,824.61.

Institutional Trading of White Mountains Insurance Group

Several hedge funds have recently modified their holdings of the company. Versant Capital Management Inc raised its stake in shares of White Mountains Insurance Group by 90.0% during the 4th quarter. Versant Capital Management Inc now owns 19 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 9 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in shares of White Mountains Insurance Group during the 4th quarter valued at $37,000. UMB Bank n.a. boosted its position in shares of White Mountains Insurance Group by 40.0% in the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 8 shares in the last quarter. GAMMA Investing LLC grew its stake in White Mountains Insurance Group by 104.2% during the 3rd quarter. GAMMA Investing LLC now owns 49 shares of the insurance provider’s stock worth $83,000 after buying an additional 25 shares during the last quarter. Finally, Quarry LP acquired a new position in White Mountains Insurance Group during the 2nd quarter valued at about $93,000. 88.65% of the stock is 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.