Quantinno Capital Management LP Has $4.66 Million Stock Holdings in W. R. Berkley Co. (NYSE:WRB)

Quantinno Capital Management LP grew its position in W. R. Berkley Co. (NYSE:WRB - Free Report) by 152.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,614 shares of the insurance provider's stock after purchasing an additional 48,104 shares during the quarter. Quantinno Capital Management LP's holdings in W. R. Berkley were worth $4,659,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Optiver Holding B.V. increased 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 worth $25,000 after buying an additional 221 shares during the period. Whipplewood Advisors LLC bought a new position in W. R. Berkley during the fourth quarter worth about $35,000. Catalyst Capital Advisors LLC acquired a new stake in W. R. Berkley in the 4th quarter worth about $42,000. Colonial Trust Co SC boosted its holdings in W. R. Berkley by 79.9% in 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 period. Finally, Crowley Wealth Management Inc. bought a new stake in W. R. Berkley in the 4th quarter valued at about $59,000. 68.82% of the stock is owned by institutional investors and hedge funds.

W. R. Berkley Price Performance

W. R. Berkley stock traded down $0.78 during midday trading on Thursday, reaching $72.42. The company's stock had a trading volume of 698,016 shares, compared to its average volume of 1,758,504. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. The stock has a market cap of $27.47 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 1.56 and a beta of 0.44. W. R. Berkley Co. has a 52 week low of $51.17 and a 52 week high of $76.38. The business has a 50-day moving average price of $69.17 and a 200-day moving average price of $63.48.

W. R. Berkley (NYSE:WRB - Get Free Report) last announced its quarterly 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 company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.01 billion. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. On average, sell-side analysts predict that W. R. Berkley Co. will post 4.33 EPS for the current year.

W. R. Berkley Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.44%. W. R. Berkley's dividend payout ratio (DPR) is presently 7.42%.

Analyst Upgrades and Downgrades

WRB has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of W. R. Berkley from a "buy" rating to a "hold" rating in a research report on Wednesday. Wells Fargo & Company lifted their price objective on W. R. Berkley from $69.00 to $70.00 and gave the company an "equal weight" rating in a report on Tuesday, April 22nd. UBS Group upped their target price on W. R. Berkley from $73.00 to $78.00 and gave the company a "buy" rating in a research report on Monday, April 28th. The Goldman Sachs Group cut W. R. Berkley from a "buy" rating to a "neutral" rating and raised their price target for the stock from $74.00 to $76.00 in a research report on Thursday. Finally, Truist Financial boosted 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 analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $70.64.

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.