Boothbay Fund Management LLC purchased a new stake in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,830 shares of the insurance provider's stock, valued at approximately $224,000.
Several other hedge funds have also made changes to their positions in the company. Barclays PLC grew its stake in W. R. Berkley by 78.6% during the 3rd quarter. Barclays PLC now owns 1,469,608 shares of the insurance provider's stock valued at $83,372,000 after acquiring an additional 646,973 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of W. R. Berkley during the third quarter worth approximately $88,000. World Investment Advisors LLC purchased a new position in W. R. Berkley during the third quarter valued at approximately $1,709,000. Wilmington Savings Fund Society FSB purchased a new stake in W. R. Berkley in the 3rd quarter worth approximately $98,000. Finally, Tidal Investments LLC boosted its stake in shares of W. R. Berkley by 150.3% during the 3rd quarter. Tidal Investments LLC now owns 48,849 shares of the insurance provider's stock valued at $2,771,000 after buying an additional 29,329 shares during the period. Hedge funds and other institutional investors own 68.82% of the company's stock.
W. R. Berkley Stock Up 2.0 %
WRB stock opened at $72.60 on Friday. The stock has a market capitalization of $27.54 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 1.56 and a beta of 0.44. The company has a 50-day moving average of $66.50 and a two-hundred day moving average of $62.27. W. R. Berkley Co. has a 52-week low of $51.17 and a 52-week high of $76.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36.
W. R. Berkley (NYSE:WRB - Get Free Report) last released its earnings results on Monday, April 21st. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.07). W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.01 billion. As a group, equities research analysts anticipate that W. R. Berkley Co. will post 4.33 EPS for the current year.
W. R. Berkley Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, March 3rd. W. R. Berkley's dividend payout ratio (DPR) is presently 7.42%.
Analyst Ratings Changes
WRB has been the subject of several recent research reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $63.00 price objective on shares of W. R. Berkley in a report on Tuesday, January 28th. Bank of America reiterated a "neutral" rating and set a $74.00 price target (up from $73.00) on shares of W. R. Berkley in a report on Tuesday, April 1st. Wells Fargo & Company increased their price objective on W. R. Berkley from $69.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. StockNews.com cut shares of W. R. Berkley from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Finally, Jefferies Financial Group increased their price target on shares of W. R. Berkley from $57.00 to $66.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $68.39.
View Our Latest Stock Analysis on W. R. Berkley
About W. R. Berkley
(
Free Report)
W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines.
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