Mn Services Vermogensbeheer B.V. Decreases Stock Holdings in W. R. Berkley Co. (NYSE:WRB)

Mn Services Vermogensbeheer B.V. decreased its position in W. R. Berkley Co. (NYSE:WRB - Free Report) by 7.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,550 shares of the insurance provider's stock after selling 9,100 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in W. R. Berkley were worth $8,009,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC boosted its stake in shares of W. R. Berkley by 1.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 15,889 shares of the insurance provider's stock valued at $1,131,000 after purchasing an additional 257 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of W. R. Berkley by 7.5% during the 1st quarter. Ritholtz Wealth Management now owns 8,218 shares of the insurance provider's stock valued at $585,000 after purchasing an additional 574 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of W. R. Berkley during the 1st quarter valued at about $279,000. Ipswich Investment Management Co. Inc. bought a new stake in shares of W. R. Berkley during the 1st quarter valued at about $205,000. Finally, Tobam boosted its stake in shares of W. R. Berkley by 2.5% during the 1st quarter. Tobam now owns 71,641 shares of the insurance provider's stock valued at $5,098,000 after purchasing an additional 1,736 shares in the last quarter. Hedge funds and other institutional investors own 68.82% of the company's stock.

W. R. Berkley Stock Down 0.3%

Shares of W. R. Berkley stock opened at $73.06 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market capitalization of $27.71 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.56 and a beta of 0.42. W. R. Berkley Co. has a 52-week low of $51.41 and a 52-week high of $76.38. The company has a 50-day simple moving average of $71.81 and a two-hundred day simple moving average of $65.05.

W. R. Berkley (NYSE:WRB - Get Free Report) last issued its earnings results on Monday, April 21st. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate 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 20.83% and a net margin of 12.88%. On average, analysts anticipate that W. R. Berkley Co. will post 4.33 EPS for the current fiscal year.

W. R. Berkley Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 23rd will be issued a $0.09 dividend. The ex-dividend date is Monday, June 23rd. This is a boost from W. R. Berkley's previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 0.49%. W. R. Berkley's payout ratio is 7.42%.

Analyst Upgrades and Downgrades

WRB has been the topic of a number of research reports. Jefferies Financial Group lifted 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. Morgan Stanley lifted their target price on shares of W. R. Berkley from $63.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Truist Financial boosted their price objective on shares of W. R. Berkley from $68.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. UBS Group boosted their price objective on shares of W. R. Berkley from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Finally, The Goldman Sachs Group lowered shares of W. R. Berkley from a "strong-buy" rating to a "hold" rating and boosted their price objective for the stock from $74.00 to $76.00 in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, W. R. Berkley presently has a consensus rating of "Hold" and a consensus price target of $70.64.

W. R. Berkley Company 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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