White Mountains Insurance Group (NYSE:WTM) Shares Gap Up – Here’s What Happened

White Mountains Insurance Group, Ltd. (NYSE:WTM)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $1,664.56, but opened at $1,784.78. White Mountains Insurance Group shares last traded at $1,820.06, with a volume of 17,725 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of White Mountains Insurance Group in a report on Saturday, September 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

White Mountains Insurance Group Stock Performance

The stock has a 50-day moving average of $1,778.56 and a 200-day moving average of $1,785.67. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 23.07 and a beta of 0.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Boston Partners increased its position in shares of White Mountains Insurance Group by 4.9% during the 2nd quarter. Boston Partners now owns 89,394 shares of the insurance provider’s stock worth $160,471,000 after purchasing an additional 4,158 shares during the last quarter. Cooke & Bieler LP increased its position in shares of White Mountains Insurance Group by 40.5% during the 2nd quarter. Cooke & Bieler LP now owns 76,781 shares of the insurance provider’s stock worth $137,877,000 after purchasing an additional 22,129 shares during the last quarter. Fiduciary Management Inc. WI increased its position in shares of White Mountains Insurance Group by 46.2% during the 1st quarter. Fiduciary Management Inc. WI now owns 71,795 shares of the insurance provider’s stock worth $138,264,000 after purchasing an additional 22,681 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of White Mountains Insurance Group by 8.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 62,466 shares of the insurance provider’s stock worth $120,298,000 after purchasing an additional 4,711 shares during the last quarter. Finally, State Street Corp increased its position in shares of White Mountains Insurance Group by 4.2% during the 2nd quarter. State Street Corp now owns 57,241 shares of the insurance provider’s stock worth $102,789,000 after purchasing an additional 2,297 shares during the last quarter. Institutional investors and hedge funds 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.