Ensign Peak Advisors Inc trimmed its stake in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 7.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,930 shares of the insurance provider's stock after selling 16,202 shares during the quarter. Ensign Peak Advisors Inc owned 0.05% of W. R. Berkley worth $12,051,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ethic Inc. grew its stake in W. R. Berkley by 39.6% during the 4th quarter. Ethic Inc. now owns 34,313 shares of the insurance provider's stock worth $2,008,000 after purchasing an additional 9,730 shares in the last quarter. FWL Investment Management LLC acquired a new position in shares of W. R. Berkley during the fourth quarter worth $157,000. Deutsche Bank AG increased its holdings in W. R. Berkley by 29.7% in the fourth quarter. Deutsche Bank AG now owns 1,096,783 shares of the insurance provider's stock valued at $64,184,000 after buying an additional 250,935 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in W. R. Berkley in the fourth quarter valued at $663,000. Finally, Dean Capital Management increased its holdings in W. R. Berkley by 1.3% in the fourth quarter. Dean Capital Management now owns 29,734 shares of the insurance provider's stock valued at $1,740,000 after buying an additional 388 shares during the last quarter. 68.82% of the stock is owned by institutional investors and hedge funds.
W. R. Berkley Stock Performance
NYSE:WRB traded up $0.59 during mid-day trading on Friday, reaching $73.29. 1,293,589 shares of the stock were exchanged, compared to its average volume of 1,764,592. The company has a 50 day simple moving average of $68.27 and a 200-day simple moving average of $63.05. The stock has a market capitalization of $27.80 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.56 and a beta of 0.44. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. W. R. Berkley Co. has a 1 year low of $51.17 and a 1 year high of $76.38.
W. R. Berkley (NYSE:WRB - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The insurance provider reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.07). W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.01 billion. Analysts anticipate that W. R. Berkley Co. will post 4.33 earnings per share for the current fiscal year.
W. R. Berkley Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were given a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.44%. W. R. Berkley's payout ratio is 7.42%.
Analyst Ratings Changes
Several research analysts have recently issued reports on WRB shares. Truist Financial upped their price objective on W. R. Berkley from $68.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Royal Bank of Canada reissued a "sector perform" rating and set a $63.00 price objective on shares of W. R. Berkley in a report on Tuesday, January 28th. StockNews.com raised shares of W. R. Berkley from a "hold" rating to a "buy" rating in a report on Tuesday. Bank of America reissued a "neutral" rating and set a $74.00 price objective (up previously from $73.00) on shares of W. R. Berkley in a report on Tuesday, April 1st. Finally, Wells Fargo & Company raised their price objective on shares of W. R. Berkley from $69.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $68.39.
Get 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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