Teza Capital Management LLC Has $227,000 Stake in W. R. Berkley Co. (NYSE:WRB)

Teza Capital Management LLC lowered its position in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 55.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,871 shares of the insurance provider's stock after selling 4,745 shares during the period. Teza Capital Management LLC's holdings in W. R. Berkley were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Amundi lifted its holdings in shares of W. R. Berkley by 43.1% during the fourth quarter. Amundi now owns 1,477,932 shares of the insurance provider's stock worth $85,853,000 after buying an additional 444,986 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new position in shares of W. R. Berkley in the fourth quarter valued at about $982,000. Merit Financial Group LLC bought a new position in W. R. Berkley during the fourth quarter worth about $560,000. HighPoint Advisor Group LLC raised its stake in W. R. Berkley by 12.0% in the 4th quarter. HighPoint Advisor Group LLC now owns 4,967 shares of the insurance provider's stock worth $304,000 after purchasing an additional 532 shares in the last quarter. Finally, Financial Strategies Group Inc. boosted its holdings in W. R. Berkley by 3.8% in the 4th quarter. Financial Strategies Group Inc. now owns 119,327 shares of the insurance provider's stock valued at $6,766,000 after purchasing an additional 4,363 shares during the period. 68.82% of the stock is owned by institutional investors and hedge funds.

W. R. Berkley Stock Performance

W. R. Berkley stock opened at $73.47 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. The stock has a market cap of $27.87 billion, a PE ratio of 16.84, a P/E/G ratio of 1.56 and a beta of 0.44. W. R. Berkley Co. has a 12-month low of $51.17 and a 12-month high of $76.38. The business's 50-day moving average price is $68.97 and its two-hundred day moving average price is $63.42.

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%. As a group, analysts expect that W. R. Berkley Co. will post 4.33 earnings per share for the current fiscal year.

W. R. Berkley Announces Dividend

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 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%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of W. R. Berkley from $69.00 to $70.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 22nd. Truist Financial raised their price objective on W. R. Berkley from $68.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. Keefe, Bruyette & Woods upped their target price on W. R. Berkley from $65.00 to $75.00 and gave the company a "market perform" rating in a research report on Monday. Royal Bank of Canada reissued a "sector perform" rating and set a $63.00 target price on shares of W. R. Berkley in a report on Tuesday, January 28th. Finally, Jefferies Financial Group boosted their price target on W. R. Berkley from $57.00 to $66.00 and gave the company a "hold" rating in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, W. R. Berkley has a consensus rating of "Hold" and a consensus target price of $70.06.

About W. R. Berkley

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.