Cwm LLC Sells 5,629 Shares of W.R. Berkley Corporation (NYSE:WRB)

Cwm LLC cut its holdings in shares of W.R. Berkley Corporation (NYSE:WRB - Free Report) by 1.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,868 shares of the insurance provider's stock after selling 5,629 shares during the quarter. Cwm LLC owned approximately 0.08% of W.R. Berkley worth $22,904,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Optiver Holding B.V. raised its holdings in W.R. Berkley by 107.3% during the fourth quarter. Optiver Holding B.V. now owns 427 shares of the insurance provider's stock worth $25,000 after acquiring an additional 221 shares in the last quarter. Garde Capital Inc. acquired a new position in shares of W.R. Berkley during the 1st quarter worth approximately $30,000. Mpwm Advisory Solutions LLC bought a new stake in shares of W.R. Berkley during the 4th quarter worth approximately $37,000. Colonial Trust Co SC raised its stake in shares of W.R. Berkley by 79.9% during the 4th quarter. Colonial Trust Co SC now owns 822 shares of the insurance provider's stock worth $48,000 after purchasing an additional 365 shares in the last quarter. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of W.R. Berkley in the 4th quarter valued at approximately $59,000. 68.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on WRB shares. Bank of America reaffirmed a "neutral" rating and set a $74.00 price target (up from $73.00) on shares of W.R. Berkley in a research report on Tuesday, April 1st. Barclays upped their target price on shares of W.R. Berkley from $62.00 to $66.00 and gave the company an "underweight" rating in a report on Monday, July 7th. Jefferies Financial Group raised their target price on shares of W.R. Berkley from $57.00 to $66.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods lifted their target price on W.R. Berkley from $65.00 to $75.00 and gave the stock a "market perform" rating in a research note on Monday, May 19th. Finally, Truist Financial increased 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, W.R. Berkley currently has an average rating of "Hold" and a consensus target price of $72.00.

W.R. Berkley Trading Down 0.5%

Shares of W.R. Berkley stock opened at $68.83 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a 50-day moving average of $72.64 and a 200-day moving average of $66.54. W.R. Berkley Corporation has a 52-week low of $51.41 and a 52-week high of $76.38. The stock has a market cap of $26.11 billion, a PE ratio of 15.97, a PEG ratio of 2.38 and a beta of 0.41.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.07). W.R. Berkley had a net margin of 12.43% and a return on equity of 19.66%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.01 billion. As a group, sell-side analysts forecast that W.R. Berkley Corporation will post 4.33 EPS for the current year.

W.R. Berkley Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were given a dividend of $0.09 per share. The ex-dividend date was Monday, June 23rd. This represents a $0.36 dividend on an annualized basis and a yield of 0.52%. This is an increase from W.R. Berkley's previous quarterly dividend of $0.08. W.R. Berkley's dividend payout ratio is currently 8.35%.

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.

Want to see what other hedge funds are holding WRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.R. Berkley Corporation (NYSE:WRB - Free Report).

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.