White Mountains Insurance Group (NYSE:WTM) Shares Gap Up – Time to Buy?

White Mountains Insurance Group, Ltd. (NYSE:WTM)’s share price gapped up prior to trading on Monday . The stock had previously closed at $1,889.94, but opened at $1,929.45. White Mountains Insurance Group shares last traded at $1,924.56, with a volume of 6,445 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th.

White Mountains Insurance Group Trading Down 0.7 %

The firm has a market cap of $4.71 billion, a PE ratio of 20.58 and a beta of 0.41. 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 business has a 50-day moving average price of $1,880.64 and a two-hundred day moving average price of $1,861.94.

White Mountains Insurance Group (NYSE:WTM) last announced 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 net margin of 10.29% and a return on equity of 10.56%.

White Mountains Insurance Group Announces Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 17th will be paid a $1.00 dividend. This represents a yield of 0.05%. The ex-dividend date is Monday, March 17th. White Mountains Insurance Group’s payout ratio is 1.11%.

Institutional Trading of White Mountains Insurance Group

A number of hedge funds have recently bought and sold shares of the company. Barclays PLC grew its position in shares of White Mountains Insurance Group by 101.9% in the third quarter. Barclays PLC now owns 1,151 shares of the insurance provider’s stock valued at $1,953,000 after purchasing an additional 581 shares during the period. HighTower Advisors LLC increased its position in White Mountains Insurance Group by 579.1% during the third quarter. HighTower Advisors LLC now owns 1,562 shares of the insurance provider’s stock worth $2,646,000 after purchasing an additional 1,332 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of White Mountains Insurance Group in the 3rd quarter valued at $678,000. Oddo BHF Asset Management Sas purchased a new stake in shares of White Mountains Insurance Group during the 3rd quarter valued at $1,606,000. Finally, Geode Capital Management LLC increased its holdings in shares of White Mountains Insurance Group by 0.7% during 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. 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.