Brighton Jones LLC trimmed its stake in W. R. Berkley Co. (NYSE:WRB - Free Report) by 40.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,078 shares of the insurance provider's stock after selling 20,425 shares during the quarter. Brighton Jones LLC's holdings in W. R. Berkley were worth $2,140,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Amundi increased its position in W. R. Berkley by 43.1% in the 4th quarter. Amundi now owns 1,477,932 shares of the insurance provider's stock valued at $85,853,000 after buying an additional 444,986 shares in the last quarter. HighPoint Advisor Group LLC increased its holdings in shares of W. R. Berkley by 12.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 4,967 shares of the insurance provider's stock valued at $304,000 after acquiring an additional 532 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of W. R. Berkley by 6.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 130,112 shares of the insurance provider's stock worth $7,673,000 after purchasing an additional 8,403 shares during the period. Savant Capital LLC lifted its holdings in shares of W. R. Berkley by 7.3% in the 4th quarter. Savant Capital LLC now owns 13,245 shares of the insurance provider's stock worth $775,000 after purchasing an additional 901 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in W. R. Berkley in the 4th quarter valued at $5,676,000. 68.82% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on WRB. The Goldman Sachs Group lowered shares of W. R. Berkley from a "strong-buy" rating to a "hold" rating and raised their price objective for the company from $74.00 to $76.00 in a research note on Thursday, May 22nd. Truist Financial lifted their price target on W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Barclays boosted their price objective on W. R. Berkley from $52.00 to $62.00 and gave the stock an "underweight" rating in a report on Friday, April 11th. Wells Fargo & Company raised their target price on W. R. Berkley from $69.00 to $70.00 and gave the company an "equal weight" rating in a report on Tuesday, April 22nd. Finally, Morgan Stanley lifted their target price on W. R. Berkley from $63.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, W. R. Berkley presently has a consensus rating of "Hold" and an average price target of $70.64.
Get Our Latest Stock Report on W. R. Berkley
W. R. Berkley Stock Down 0.8%
Shares of NYSE:WRB opened at $73.17 on Monday. The company has a market capitalization of $27.76 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.56 and a beta of 0.42. W. R. Berkley Co. has a 1 year low of $51.41 and a 1 year 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. The business has a fifty day moving average price of $71.66 and a two-hundred day moving average price of $64.99.
W. R. Berkley (NYSE:WRB - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The insurance provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.07). The company 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 forecast that W. R. Berkley Co. will post 4.33 earnings per share for the current year.
W. R. Berkley Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 23rd will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, June 23rd. This is a boost from W. R. Berkley's previous quarterly dividend of $0.08. W. R. Berkley's payout ratio is 7.42%.
W. R. Berkley Company Profile
(
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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