Callan Family Office LLC Has $2.56 Million Stake in W.R. Berkley Corporation $WRB

Key Points

• Callan Family Office LLC has increased its stake in W.R. Berkley Corporation by 406.0% to 34,903 shares, valued at approximately $2.56 million, during the second quarter.
• The stock received mixed ratings from analysts, with one firm upgrading it to a "strong-buy", while others issued a "hold" or "underweight" rating.
• W.R. Berkley announced a quarterly dividend of $0.09 per share, resulting in an annualized yield of 0.5% with a low dividend payout ratio of 8.20%.

Callan Family Office LLC lifted its stake in shares of W.R. Berkley Corporation (NYSE:WRB - Free Report) by 406.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,903 shares of the insurance provider's stock after purchasing an additional 28,005 shares during the period. Callan Family Office LLC's holdings in W.R. Berkley were worth $2,564,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WRB. Hilltop National Bank acquired a new position in shares of W.R. Berkley during the second quarter worth approximately $27,000. Spectrum Wealth Counsel LLC acquired a new position in shares of W.R. Berkley during the first quarter worth approximately $29,000. Garde Capital Inc. acquired a new position in W.R. Berkley in the first quarter valued at approximately $30,000. N.E.W. Advisory Services LLC acquired a new position in W.R. Berkley in the first quarter valued at approximately $36,000. Finally, Keystone Global Partners LLC acquired a new position in W.R. Berkley in the first quarter valued at approximately $41,000. 68.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald upgraded shares of W.R. Berkley to a "strong-buy" rating in a report on Wednesday, August 13th. Barclays restated an "underweight" rating and issued a $73.00 price objective on shares of W.R. Berkley in a report on Wednesday. TD Cowen lowered shares of W.R. Berkley from a "buy" rating to a "hold" rating and set a $78.00 price objective on the stock. in a report on Friday, June 27th. Wolfe Research assumed coverage on shares of W.R. Berkley in a report on Monday, September 15th. They issued a "peer perform" rating on the stock. Finally, Wells Fargo & Company increased their price objective on shares of W.R. Berkley from $68.00 to $69.00 and gave the stock an "equal weight" rating in a research report on Wednesday. One investment 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. Based on data from MarketBeat.com, W.R. Berkley has a consensus rating of "Hold" and a consensus target price of $73.69.

W.R. Berkley Stock Up 0.1%

W.R. Berkley stock opened at $77.61 on Friday. The company has a market cap of $29.44 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 2.68 and a beta of 0.42. W.R. Berkley Corporation has a 1-year low of $55.97 and a 1-year high of $78.43. The company has a fifty day simple moving average of $73.06 and a 200 day simple moving average of $71.63. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31.

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, beating analysts' consensus estimates of $1.03 by $0.02. The business 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 last year, the firm earned $1.04 earnings per share. Research analysts anticipate that W.R. Berkley Corporation will post 4.33 earnings per share for the current fiscal year.

W.R. Berkley Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid a $0.09 dividend. The ex-dividend date was Monday, September 22nd. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. W.R. Berkley's dividend payout ratio (DPR) is currently 8.20%.

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.

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