4,536 Shares in W.R. Berkley Corporation $WRB Bought by S Bank Fund Management Ltd

Key Points

• S Bank Fund Management Ltd acquired 4,536 shares of W.R. Berkley Corporation, worth approximately $333,000, in the second quarter.
• W.R. Berkley reported earnings of $1.05 per share in its latest quarter, exceeding estimates, with revenue reaching $3.10 billion.
• The company's dividend yield stands at 0.5%, with a recent quarterly dividend of $0.09 per share declared on September 30th.

S Bank Fund Management Ltd purchased a new stake in W.R. Berkley Corporation (NYSE:WRB - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,536 shares of the insurance provider's stock, valued at approximately $333,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC increased its holdings in W.R. Berkley by 0.6% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 11,787,639 shares of the insurance provider's stock valued at $838,808,000 after purchasing an additional 65,163 shares in the last quarter. Principal Financial Group Inc. increased its holdings in W.R. Berkley by 21.8% in the 1st quarter. Principal Financial Group Inc. now owns 5,022,039 shares of the insurance provider's stock valued at $357,368,000 after purchasing an additional 900,071 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in W.R. Berkley by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,539,691 shares of the insurance provider's stock valued at $180,724,000 after purchasing an additional 52,594 shares in the last quarter. Madison Asset Management LLC increased its holdings in W.R. Berkley by 9.5% in the 1st quarter. Madison Asset Management LLC now owns 1,842,275 shares of the insurance provider's stock valued at $131,096,000 after purchasing an additional 160,017 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in W.R. Berkley by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,822,617 shares of the insurance provider's stock valued at $129,697,000 after purchasing an additional 25,782 shares in the last quarter. 68.82% of the stock is currently owned by institutional investors and hedge funds.

W.R. Berkley Price Performance

WRB opened at $73.64 on Friday. The company has a 50-day moving average of $73.55 and a 200-day moving average of $71.81. The company has a market capitalization of $27.93 billion, a P/E ratio of 16.77, a PEG ratio of 2.63 and a beta of 0.42. W.R. Berkley Corporation has a 1-year low of $55.97 and a 1-year high of $78.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.37 and a current ratio of 0.37.

W.R. Berkley (NYSE:WRB - Get Free Report) last released its earnings results on Monday, July 21st. The insurance provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.10 billion. W.R. Berkley had a net margin of 12.32% and a return on equity of 18.83%. During the same quarter in the previous year, the firm earned $1.04 EPS. Equities analysts expect that W.R. Berkley Corporation will post 4.33 EPS for the current fiscal year.

W.R. Berkley Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued a $0.09 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.36 annualized dividend and a dividend yield of 0.5%. W.R. Berkley's payout ratio is 8.20%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WRB shares. Wolfe Research started coverage on shares of W.R. Berkley in a research note on Monday, September 15th. They set a "peer perform" rating on the stock. UBS Group set a $87.00 price target on shares of W.R. Berkley and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of W.R. Berkley in a research note on Wednesday, October 8th. Cantor Fitzgerald raised shares of W.R. Berkley to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, TD Cowen downgraded shares of W.R. Berkley from a "buy" rating to a "hold" rating and set a $78.00 price target on the stock. in a research note on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $73.69.

W.R. Berkley Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.