Berkley W R Corp Makes New $9.42 Million Investment in The St. Joe Company (NYSE:JOE)

Berkley W R Corp purchased a new stake in The St. Joe Company (NYSE:JOE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 209,542 shares of the financial services provider's stock, valued at approximately $9,415,000. St. Joe accounts for about 0.4% of Berkley W R Corp's investment portfolio, making the stock its 13th biggest holding. Berkley W R Corp owned about 0.36% of St. Joe at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of St. Joe by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider's stock valued at $278,449,000 after buying an additional 252,906 shares during the last quarter. Norges Bank bought a new stake in shares of St. Joe in the 4th quarter worth $4,981,000. Raymond James Financial Inc. purchased a new stake in shares of St. Joe in the fourth quarter valued at about $4,657,000. Marshall Wace LLP bought a new position in shares of St. Joe during the fourth quarter valued at about $2,628,000. Finally, Barclays PLC boosted its holdings in St. Joe by 404.5% during the third quarter. Barclays PLC now owns 64,990 shares of the financial services provider's stock worth $3,790,000 after purchasing an additional 52,107 shares during the last quarter. Institutional investors own 86.67% of the company's stock.

St. Joe Stock Performance

Shares of St. Joe stock traded up $0.99 during mid-day trading on Friday, hitting $44.03. 172,324 shares of the stock were exchanged, compared to its average volume of 222,227. The company has a market capitalization of $2.56 billion, a P/E ratio of 37.31 and a beta of 1.28. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The company has a 50-day simple moving average of $44.63 and a 200 day simple moving average of $47.34. The St. Joe Company has a 12 month low of $40.19 and a 12 month high of $64.69.

St. Joe (NYSE:JOE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%. The business had revenue of $94.20 million for the quarter.

St. Joe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, June 10th. St. Joe's dividend payout ratio is 42.11%.

Insider Activity

In related news, major shareholder Bruce R. Berkowitz sold 95,700 shares of St. Joe stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $47.11, for a total value of $4,508,427.00. Following the completion of the sale, the insider now owns 17,162,524 shares of the company's stock, valued at approximately $808,526,505.64. This trade represents a 0.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 300,000 shares of company stock valued at $14,113,022 in the last three months. Company insiders own 0.32% of the company's stock.

About St. Joe

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.