White Mountains Insurance Group (NYSE:WTM) Sees Unusually-High Trading Volume - Here's Why

Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 6,062 shares were traded 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 Price Performance

The company's fifty day moving average price is $1,928.40 and its two-hundred day moving average price is $1,821.11. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 7.63 and a beta of 0.45. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.10.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Select Equity Group L.P. increased its holdings in shares of White Mountains Insurance Group by 18.9% in the second quarter. Select Equity Group L.P. now owns 59,361 shares of the insurance provider's stock valued at $107,886,000 after purchasing an additional 9,430 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in White Mountains Insurance Group by 44.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 22,555 shares of the insurance provider's stock valued at $38,258,000 after buying an additional 6,896 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its holdings in White Mountains Insurance Group by 422.9% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 7,138 shares of the insurance provider's stock valued at $12,107,000 after acquiring an additional 5,773 shares during the period. Edgestream Partners L.P. acquired a new stake in White Mountains Insurance Group during the third quarter worth approximately $7,585,000. Finally, State Street Corp boosted its holdings in shares of White Mountains Insurance Group by 5.2% during the third quarter. State Street Corp now owns 54,877 shares of the insurance provider's stock worth $93,082,000 after acquiring an additional 2,714 shares during the period. 88.65% of the stock is currently owned by institutional investors and hedge funds.

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.