Cwm LLC Trims Stock Position in W.R. Berkley Corporation $WRB

Key Points

• Cwm LLC has reduced its stake in W.R. Berkley Corporation by 4.8%, now holding 306,484 shares valued at approximately $22.5 million.
• W.R. Berkley Corporation reported $1.05 earnings per share for the last quarter, exceeding expectations, with analysts forecasting 4.33 earnings per share for the current year.
• The company recently declared a $0.09 quarterly dividend, representing a 0.5% yield and a payout ratio of 8.20%.

Cwm LLC lessened its position in shares of W.R. Berkley Corporation (NYSE:WRB - Free Report) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 306,484 shares of the insurance provider's stock after selling 15,384 shares during the quarter. Cwm LLC owned about 0.08% of W.R. Berkley worth $22,517,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hilltop National Bank purchased a new stake in shares of W.R. Berkley in the 2nd quarter valued at approximately $27,000. Spectrum Wealth Counsel LLC acquired a new position in shares of W.R. Berkley in the first quarter worth $29,000. Garde Capital Inc. purchased a new stake in shares of W.R. Berkley during the first quarter worth $30,000. N.E.W. Advisory Services LLC purchased a new stake in W.R. Berkley during the 1st quarter worth about $36,000. Finally, Keystone Global Partners LLC acquired a new stake in W.R. Berkley in the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 68.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wolfe Research initiated coverage on W.R. Berkley in a report on Monday, September 15th. They issued a "peer perform" rating on the stock. TD Cowen lowered 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. UBS Group set a $87.00 target price on W.R. Berkley and gave the stock a "buy" rating in a research report on Wednesday. Weiss Ratings reissued a "buy (b)" rating on shares of W.R. Berkley in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald raised W.R. Berkley to a "strong-buy" rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, W.R. Berkley has a consensus rating of "Hold" and a consensus target price of $73.69.

W.R. Berkley Stock Up 0.1%

Shares of W.R. Berkley stock opened at $77.61 on Monday. W.R. Berkley Corporation has a one year low of $55.97 and a one year high of $78.43. The company has a market cap of $29.44 billion, a P/E ratio of 17.68, a PEG ratio of 2.68 and a beta of 0.42. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a fifty day moving average of $73.06 and a two-hundred day moving average of $71.67.

W.R. Berkley (NYSE:WRB - Get Free Report) last issued its earnings results on Monday, July 21st. The insurance provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02. The business had revenue of $3.10 billion for 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 earnings per share. On average, analysts forecast that W.R. Berkley Corporation will post 4.33 earnings per share for the current year.

W.R. Berkley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors 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 annualized dividend and a dividend yield of 0.5%. W.R. Berkley's dividend payout ratio (DPR) is 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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