Wealthfront Advisers LLC Buys 3,870 Shares of W.R. Berkley Corporation (NYSE:WRB)

Wealthfront Advisers LLC boosted its holdings in shares of W.R. Berkley Corporation (NYSE:WRB - Free Report) by 28.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,412 shares of the insurance provider's stock after buying an additional 3,870 shares during the period. Wealthfront Advisers LLC's holdings in W.R. Berkley were worth $1,239,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC grew its position in W.R. Berkley by 75.6% during the 4th quarter. Brighton Jones LLC now owns 50,503 shares of the insurance provider's stock worth $2,955,000 after acquiring an additional 21,737 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of W.R. Berkley by 1.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 26,459 shares of the insurance provider's stock worth $1,548,000 after purchasing an additional 284 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of W.R. Berkley by 234.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 39,405 shares of the insurance provider's stock valued at $2,306,000 after buying an additional 27,609 shares during the last quarter. Xponance Inc. lifted its position in W.R. Berkley by 1.7% during the 4th quarter. Xponance Inc. now owns 42,144 shares of the insurance provider's stock worth $2,466,000 after buying an additional 717 shares in the last quarter. Finally, Virtu Financial LLC grew its stake in shares of W.R. Berkley by 82.8% during the fourth quarter. Virtu Financial LLC now owns 8,965 shares of the insurance provider's stock valued at $525,000 after purchasing an additional 4,061 shares during the last quarter. Institutional investors own 68.82% of the company's stock.

W.R. Berkley Price Performance

Shares of NYSE WRB traded up $0.56 during trading hours on Tuesday, hitting $68.36. 1,851,597 shares of the stock were exchanged, compared to its average volume of 1,812,441. The company's fifty day simple moving average is $72.21 and its two-hundred day simple moving average is $66.88. The company has a market cap of $25.93 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 2.50 and a beta of 0.41. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.36 and a current ratio of 0.36. W.R. Berkley Corporation has a 1-year low of $51.51 and a 1-year high of $76.38.

W.R. Berkley (NYSE:WRB - Get Free Report) last issued its earnings results on Monday, July 21st. The insurance provider reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.02. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.10 billion. W.R. Berkley had a net margin of 12.43% and a return on equity of 19.66%. During the same quarter last year, the business posted $1.04 earnings per share. On average, sell-side analysts predict that W.R. Berkley Corporation will post 4.33 EPS for the current year.

W.R. Berkley Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were issued a $0.09 dividend. The ex-dividend date was Monday, June 23rd. This is a boost from W.R. Berkley's previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 0.53%. W.R. Berkley's dividend payout ratio is presently 8.35%.

Analyst Ratings Changes

WRB has been the topic of several recent research reports. Jefferies Financial Group raised 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. Barclays increased their target price on W.R. Berkley from $62.00 to $66.00 and gave the stock an "underweight" rating in a report on Monday, July 7th. Wells Fargo & Company dropped their price objective on W.R. Berkley from $71.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Tuesday. UBS Group raised their price objective on W.R. Berkley from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Truist Financial increased their price target on shares of W.R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $71.75.

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.