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

White Mountains Insurance Group, Ltd. (NYSE:WTM) shares gapped down before the market opened on Wednesday . The stock had previously closed at $1,876.68, but opened at $1,803.96. White Mountains Insurance Group shares last traded at $1,852.76, with a volume of 18,452 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th.

White Mountains Insurance Group Price Performance

The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 20.73 and a beta of 0.41. The firm has a 50-day simple moving average of $1,886.75 and a two-hundred day simple moving average of $1,859.22. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.10.

White Mountains Insurance Group (NYSE:WTM) last announced its earnings results on Friday, February 7th. The insurance provider reported $12.44 EPS for the quarter. White Mountains Insurance Group had a return on equity of 10.56% and a net margin of 10.29%.

White Mountains Insurance Group Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th will be paid a $1.00 dividend. This represents a yield of 0.05%. The ex-dividend date of this dividend is Monday, March 17th. White Mountains Insurance Group’s dividend payout ratio (DPR) is 1.11%.

Hedge Funds Weigh In On White Mountains Insurance Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cooke & Bieler LP acquired a new position in shares of White Mountains Insurance Group in the 4th quarter valued at $66,268,000. Raymond James Financial Inc. acquired a new position in shares of White Mountains Insurance Group in the fourth quarter valued at approximately $63,160,000. Norges Bank acquired a new stake in White Mountains Insurance Group during the 4th quarter worth approximately $59,661,000. Proficio Capital Partners LLC acquired a new position in shares of White Mountains Insurance Group during the fourth quarter worth about $45,407,000. Finally, WCM Investment Management LLC acquired a new position in shares of White Mountains Insurance Group during the fourth quarter worth $22,477,000. 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.