Robeco Institutional Asset Management B.V. Sells 9,749 Shares of W.R. Berkley Corporation $WRB

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in W.R. Berkley Corporation by 12.7%, selling 9,749 shares to own 66,886 shares valued at approximately $4.91 million.
• W.R. Berkley Corporation reported a quarterly EPS of $1.05, surpassing expectations of $1.03, with revenues hitting $3.10 billion.
• The company recently announced a quarterly dividend of $0.09 per share, resulting in an annual yield of 0.5% and a payout ratio of 8.20%.

Robeco Institutional Asset Management B.V. reduced its stake in shares of W.R. Berkley Corporation (NYSE:WRB - Free Report) by 12.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 66,886 shares of the insurance provider's stock after selling 9,749 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in W.R. Berkley were worth $4,914,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Spectrum Wealth Counsel LLC bought a new position in shares of W.R. Berkley during the 1st quarter valued at approximately $29,000. Garde Capital Inc. bought a new position in shares of W.R. Berkley during the 1st quarter valued at approximately $30,000. N.E.W. Advisory Services LLC bought a new position in shares of W.R. Berkley during the 1st quarter valued at approximately $36,000. Keystone Global Partners LLC bought a new position in shares of W.R. Berkley during the 1st quarter valued at approximately $41,000. Finally, MAI Capital Management grew its position in shares of W.R. Berkley by 191.1% during the 1st quarter. MAI Capital Management now owns 847 shares of the insurance provider's stock valued at $60,000 after acquiring an additional 556 shares during the period. 68.82% of the stock is owned by institutional investors.

W.R. Berkley Stock Up 0.1%

Shares of NYSE:WRB opened at $76.97 on Tuesday. The firm has a fifty day moving average price of $72.36 and a two-hundred day moving average price of $71.32. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.37 and a quick ratio of 0.37. W.R. Berkley Corporation has a one year low of $55.97 and a one year high of $77.58. The company has a market cap of $29.19 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 2.66 and a beta of 0.42.

W.R. Berkley (NYSE:WRB - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The insurance provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.03 by $0.02. W.R. Berkley had a net margin of 12.32% and a return on equity of 18.83%. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the firm earned $1.04 EPS. Analysts anticipate that W.R. Berkley Corporation will post 4.33 EPS for the current fiscal year.

W.R. Berkley Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a dividend of $0.09 per share. 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%.

Analyst Upgrades and Downgrades

WRB has been the subject of several analyst reports. TD Cowen downgraded shares of W.R. Berkley from a "buy" rating to a "hold" rating and set a $78.00 price objective for the company. in a report on Friday, June 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of W.R. Berkley in a report on Saturday, September 27th. Wolfe Research initiated coverage on shares of W.R. Berkley in a report on Monday, September 15th. They issued a "peer perform" rating for the company. Barclays raised their price objective on shares of W.R. Berkley from $62.00 to $66.00 and gave the stock an "underweight" rating in a report on Monday, July 7th. Finally, UBS Group raised their price objective on shares of W.R. Berkley from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $72.54.

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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