Impact Partnership Wealth LLC Buys 8,990 Shares of W.R. Berkley Corporation (NYSE:WRB)

Impact Partnership Wealth LLC boosted its stake in shares of W.R. Berkley Corporation (NYSE:WRB - Free Report) by 116.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,706 shares of the insurance provider's stock after acquiring an additional 8,990 shares during the quarter. Impact Partnership Wealth LLC's holdings in W.R. Berkley were worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on WRB. Jefferies Financial Group upped their price target on W.R. Berkley from $57.00 to $66.00 and gave the company a "hold" rating in a research report on Friday, April 11th. TD Cowen lowered W.R. Berkley from a "buy" rating to a "hold" rating and set a $78.00 price target for the company. in a research report on Friday, June 27th. Barclays upped their price target on W.R. Berkley from $62.00 to $66.00 and gave the company an "underweight" rating in a research report on Monday, July 7th. Morgan Stanley increased their target price on W.R. Berkley from $63.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Truist Financial increased their target price on W.R. Berkley from $68.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $72.00.

W.R. Berkley Stock Up 0.9%

WRB traded up $0.63 during trading on Friday, hitting $68.76. 3,744,180 shares of the company's stock traded hands, compared to its average volume of 1,805,820. The company's 50 day simple moving average is $72.21 and its two-hundred day simple moving average is $66.82. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.32. W.R. Berkley Corporation has a 12-month low of $51.51 and a 12-month high of $76.38. The stock has a market capitalization of $26.08 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 2.50 and a beta of 0.41.

W.R. Berkley (NYSE:WRB - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $3.01 billion. W.R. Berkley had a return on equity of 19.66% and a net margin of 12.43%. Analysts predict that W.R. Berkley Corporation will post 4.33 earnings per share for the current fiscal year.

W.R. Berkley Increases Dividend

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