EP Wealth Advisors LLC trimmed its stake in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 21.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,558 shares of the insurance provider's stock after selling 14,178 shares during the quarter. EP Wealth Advisors LLC's holdings in W. R. Berkley were worth $3,017,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wedmont Private Capital boosted its holdings in W. R. Berkley by 2.3% during the 4th quarter. Wedmont Private Capital now owns 8,038 shares of the insurance provider's stock valued at $456,000 after acquiring an additional 181 shares during the period. Smartleaf Asset Management LLC boosted its holdings in W. R. Berkley by 3.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,289 shares of the insurance provider's stock valued at $310,000 after acquiring an additional 188 shares during the period. Optiver Holding B.V. boosted its holdings in W. R. Berkley by 107.3% during the 4th quarter. Optiver Holding B.V. now owns 427 shares of the insurance provider's stock valued at $25,000 after acquiring an additional 221 shares during the period. Exchange Traded Concepts LLC boosted its holdings in W. R. Berkley by 1.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 15,632 shares of the insurance provider's stock valued at $915,000 after acquiring an additional 235 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in W. R. Berkley by 1.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,631 shares of the insurance provider's stock valued at $773,000 after acquiring an additional 242 shares during the period. 68.82% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have commented on WRB shares. Wells Fargo & Company upped their price target on W. R. Berkley from $69.00 to $70.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 22nd. Bank of America reaffirmed a "neutral" rating and set a $74.00 price target (up previously from $73.00) on shares of W. R. Berkley in a research report on Tuesday, April 1st. Truist Financial increased their target price 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. Barclays increased their target price on W. R. Berkley from $52.00 to $62.00 and gave the stock an "underweight" rating in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods increased their target price on W. R. Berkley from $62.00 to $65.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $68.39.
Read Our Latest Stock Report on W. R. Berkley
W. R. Berkley Stock Down 0.3%
WRB traded down $0.25 during trading on Friday, hitting $72.47. 1,105,887 shares of the company's stock traded hands, compared to its average volume of 1,769,843. The company's 50 day simple moving average is $67.52 and its two-hundred day simple moving average is $62.73. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. W. R. Berkley Co. has a 12-month low of $51.17 and a 12-month high of $76.38. The stock has a market capitalization of $27.49 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.56 and a beta of 0.44.
W. R. Berkley (NYSE:WRB - Get Free Report) last announced its earnings results on Monday, April 21st. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.07). The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.01 billion. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. Analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors 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 annualized dividend and a yield of 0.44%. W. R. Berkley's dividend payout ratio (DPR) is presently 7.42%.
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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