Worldquant Millennium Advisors LLC decreased its stake in W. R. Berkley Co. (NYSE:WRB - Free Report) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,878 shares of the insurance provider's stock after selling 22,476 shares during the period. Worldquant Millennium Advisors LLC owned 0.06% of W. R. Berkley worth $12,516,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Woodline Partners LP acquired a new stake in W. R. Berkley in the 4th quarter valued at about $1,058,000. iSAM Funds UK Ltd lifted its stake in W. R. Berkley by 31.8% in the 4th quarter. iSAM Funds UK Ltd now owns 5,280 shares of the insurance provider's stock valued at $309,000 after purchasing an additional 1,274 shares during the last quarter. Vident Advisory LLC lifted its stake in W. R. Berkley by 25.7% in the 4th quarter. Vident Advisory LLC now owns 14,881 shares of the insurance provider's stock valued at $871,000 after purchasing an additional 3,046 shares during the last quarter. Two Sigma Advisers LP lifted its stake in W. R. Berkley by 562.8% in the 4th quarter. Two Sigma Advisers LP now owns 24,025 shares of the insurance provider's stock valued at $1,406,000 after purchasing an additional 20,400 shares during the last quarter. Finally, State of Wyoming boosted its holdings in shares of W. R. Berkley by 45.9% during the fourth quarter. State of Wyoming now owns 6,136 shares of the insurance provider's stock worth $359,000 after acquiring an additional 1,929 shares during the period. Institutional investors own 68.82% of the company's stock.
W. R. Berkley Stock Performance
NYSE WRB opened at $73.16 on Thursday. The company has a market capitalization of $27.76 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.56 and a beta of 0.44. W. R. Berkley Co. has a twelve month low of $51.17 and a twelve month high of $76.38. The stock has a fifty day simple moving average of $69.17 and a 200 day simple moving average of $63.48. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34.
W. R. Berkley (NYSE:WRB - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The insurance provider reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.07). The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.01 billion. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. Sell-side analysts expect that W. R. Berkley Co. will post 4.33 EPS for the current year.
W. R. Berkley Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were issued a $0.08 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.44%. W. R. Berkley's payout ratio is 7.42%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price target on W. R. Berkley from $65.00 to $75.00 and gave the company a "market perform" rating in a research note on Monday. UBS Group upped their target price on W. R. Berkley from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Royal Bank of Canada reiterated a "sector perform" rating and set a $63.00 price target on shares of W. R. Berkley in a report on Tuesday, January 28th. Jefferies Financial Group upped their price target on shares of W. R. Berkley from $57.00 to $66.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Finally, Truist Financial upped their price target on shares of W. R. Berkley from $68.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $70.06.
Read Our Latest Report on W. R. Berkley
About W. R. Berkley
(
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.
See Also
Want to see what other hedge funds are holding WRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W. R. Berkley Co. (NYSE:WRB - Free Report).
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