White Mountains Insurance Group (NYSE:WTM) Shares Gap Up to $1,556.76

Shares of White Mountains Insurance Group, Ltd. (NYSE:WTM) gapped up before the market opened on Tuesday . The stock had previously closed at $1,556.76, but opened at $1,593.72. White Mountains Insurance Group shares last traded at $1,593.72, with a volume of 1,176 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of White Mountains Insurance Group in a research note on Thursday, August 17th. They set a “hold” rating on the stock.

White Mountains Insurance Group Stock Down 0.9 %

The company has a debt-to-equity ratio of 0.14, a current ratio of 0.85 and a quick ratio of 0.85. The business’s 50 day simple moving average is $1,553.32 and its 200 day simple moving average is $1,451.42. The company has a market capitalization of $3.95 billion, a PE ratio of 3.88 and a beta of 0.41.

White Mountains Insurance Group (NYSE:WTM) last issued its earnings results on Monday, August 7th. The insurance provider reported $4.13 EPS for the quarter. White Mountains Insurance Group had a net margin of 65.14% and a return on equity of 1.38%. The company had revenue of $367.00 million for the quarter.

Insiders Place Their Bets

In related news, Director Mountains Insurance Grou White purchased 5,916,816 shares of the company’s stock in a transaction on Friday, June 30th. The stock was acquired at an average cost of $10.00 per share, for a total transaction of $59,168,160.00. Following the completion of the transaction, the director now directly owns 22,856,814 shares in the company, valued at $228,568,140. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.10% of the stock is owned by insiders.

Institutional Investors Weigh In On White Mountains Insurance Group

A number of institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC acquired a new stake in shares of White Mountains Insurance Group during the second quarter valued at about $53,000. Dean Capital Management grew its holdings in shares of White Mountains Insurance Group by 204.1% in the second quarter. Dean Capital Management now owns 736 shares of the insurance provider’s stock valued at $1,022,000 after purchasing an additional 494 shares in the last quarter. Legato Capital Management LLC grew its holdings in shares of White Mountains Insurance Group by 204.1% in the second quarter. Legato Capital Management LLC now owns 736 shares of the insurance provider’s stock valued at $1,022,000 after purchasing an additional 494 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of White Mountains Insurance Group by 3.4% in the second quarter. Alliancebernstein L.P. now owns 1,140 shares of the insurance provider’s stock valued at $1,583,000 after purchasing an additional 38 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of White Mountains Insurance Group in the second quarter valued at approximately $294,000. 86.67% 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 five segments: HG Global/BAM, Ark, NSM, Kudu, and Other Operations. 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.