Waverly Advisors LLC bought a new position in W. R. Berkley Co. (NYSE:WRB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,712 shares of the insurance provider's stock, valued at approximately $217,000.
Other institutional investors have also recently modified their holdings of the company. Optiver Holding B.V. grew its stake in shares of W. R. Berkley by 107.3% in the fourth quarter. Optiver Holding B.V. now owns 427 shares of the insurance provider's stock worth $25,000 after acquiring an additional 221 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of W. R. Berkley during the fourth quarter valued at $35,000. Catalyst Capital Advisors LLC bought a new position in shares of W. R. Berkley during the fourth quarter valued at $42,000. Colonial Trust Co SC lifted its holdings in shares of W. R. Berkley by 79.9% during the fourth 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 in the last quarter. Finally, Crowley Wealth Management Inc. bought a new position in shares of W. R. Berkley during the fourth quarter valued at $59,000. 68.82% of the stock is owned by hedge funds and other institutional investors.
W. R. Berkley Stock Performance
WRB stock traded up $0.68 during trading on Friday, reaching $74.64. The stock had a trading volume of 4,276,324 shares, compared to its average volume of 1,767,948. The stock's 50 day moving average is $70.53 and its two-hundred day moving average is $64.18. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. W. R. Berkley Co. has a 52 week low of $51.17 and a 52 week high of $76.38. The firm has a market cap of $28.32 billion, a PE ratio of 17.11, a PEG ratio of 1.56 and a beta of 0.44.
W. R. Berkley (NYSE:WRB - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The insurance provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.07). W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.01 billion. As a group, equities analysts anticipate that W. R. Berkley Co. will post 4.33 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on WRB shares. 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 report on Friday, April 11th. The Goldman Sachs Group downgraded W. R. Berkley from a "strong-buy" rating to a "hold" rating and upped their price target for the company from $74.00 to $76.00 in a report on Thursday, May 22nd. Truist Financial upped their price target on W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. Barclays upped their price target on W. R. Berkley from $52.00 to $62.00 and gave the company an "underweight" rating in a report on Friday, April 11th. Finally, Wall Street Zen downgraded W. R. Berkley from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $70.64.
Get Our Latest Stock Report on W. R. Berkley
W. R. Berkley Company Profile
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Free Report)
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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