White Mountains Insurance Group (NYSE:WTM) Shares Gap Down - What's Next?

White Mountains Insurance Group, Ltd. (NYSE:WTM - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $1,745.33, but opened at $1,689.14. White Mountains Insurance Group shares last traded at $1,725.03, with a volume of 14,576 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of White Mountains Insurance Group from a "hold" rating to a "sell" rating in a research report on Monday, February 10th.

White Mountains Insurance Group Price Performance

The company's 50-day moving average price is $1,824.78 and its 200-day moving average price is $1,873.41. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 19.40 and a beta of 0.34.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last issued its quarterly 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 Dividend Announcement

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

Hedge Funds Weigh In On White Mountains Insurance Group

Several hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in shares of White Mountains Insurance Group by 276,054.7% in the 1st quarter. GAMMA Investing LLC now owns 146,362 shares of the insurance provider's stock valued at $281,865,000 after buying an additional 146,309 shares in the last quarter. Cooke & Bieler LP purchased a new stake in White Mountains Insurance Group in the fourth quarter valued at $66,268,000. Raymond James Financial Inc. acquired a new position in White Mountains Insurance Group in the fourth quarter valued at $63,160,000. Norges Bank purchased a new position in shares of White Mountains Insurance Group during the fourth quarter worth about $59,661,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of White Mountains Insurance Group in the 4th quarter valued at about $45,407,000. 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.