White Mountains Insurance Group (NYSE:WTM) Sees Large Volume Increase - Here's Why

White Mountains Insurance Group, Ltd. (NYSE:WTM - Get Free Report) saw unusually-high trading volume on Friday . Approximately 14,210 shares changed 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 Price Performance

The firm has a 50-day simple moving average of $1,933.95 and a 200-day simple moving average of $1,825.66. The firm has a market cap of $4.75 billion, a P/E ratio of 7.31 and a beta of 0.46. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.10.

Institutional Investors Weigh In On White Mountains Insurance Group

A number of institutional investors have recently added to or reduced their stakes in WTM. Barclays PLC boosted its stake in 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 acquiring an additional 581 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of White Mountains Insurance Group by 579.1% in the 3rd 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 in the last quarter. Reinhart Partners LLC. boosted its position in shares of White Mountains Insurance Group by 3.9% in the 3rd quarter. Reinhart Partners LLC. now owns 39,369 shares of the insurance provider's stock worth $66,778,000 after purchasing an additional 1,490 shares in the last quarter. Lecap Asset Management Ltd. purchased a new position in White Mountains Insurance Group during the 3rd quarter worth $502,000. Finally, XTX Topco Ltd acquired a new position in White Mountains Insurance Group during the 3rd quarter valued at about $678,000. Institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Company Profile

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.