OneDigital Investment Advisors LLC reduced its position in shares of W.R. Berkley Corporation (NYSE:WRB - Free Report) by 35.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,979 shares of the insurance provider's stock after selling 6,107 shares during the quarter. OneDigital Investment Advisors LLC's holdings in W.R. Berkley were worth $781,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in WRB. Optiver Holding B.V. raised its stake in W.R. Berkley by 107.3% during the 4th quarter. Optiver Holding B.V. now owns 427 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 221 shares during the period. Garde Capital Inc. acquired a new stake in W.R. Berkley during the 1st quarter valued at $30,000. Mpwm Advisory Solutions LLC purchased a new position in shares of W.R. Berkley during the 4th quarter valued at $37,000. Colonial Trust Co SC grew its holdings in shares of W.R. Berkley by 79.9% during the 4th quarter. Colonial Trust Co SC now owns 822 shares of the insurance provider's stock valued at $48,000 after acquiring an additional 365 shares in the last quarter. Finally, Crowley Wealth Management Inc. purchased a new position in shares of W.R. Berkley during the 4th quarter valued at $59,000. 68.82% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
WRB has been the topic of several research analyst reports. Jefferies Financial Group boosted their price target on shares of W.R. Berkley from $57.00 to $66.00 and gave the company a "hold" rating in a report on Friday, April 11th. Wall Street Zen cut shares of W.R. Berkley from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. The Goldman Sachs Group cut shares of W.R. Berkley from a "strong-buy" rating to a "hold" rating and upped their price objective for the stock from $74.00 to $76.00 in a report on Thursday, May 22nd. Wells Fargo & Company upped their price objective on shares of W.R. Berkley from $69.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. Finally, UBS Group boosted their target price on shares of W.R. Berkley from $73.00 to $78.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $71.75.
Read Our Latest Analysis on W.R. Berkley
W.R. Berkley Price Performance
Shares of W.R. Berkley stock opened at $70.36 on Wednesday. W.R. Berkley Corporation has a 1-year low of $51.41 and a 1-year high of $76.38. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.32. The firm's 50-day moving average price is $72.80 and its two-hundred day moving average price is $66.27. The stock has a market capitalization of $26.69 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of 2.44 and a beta of 0.41.
W.R. Berkley (NYSE:WRB - Get Free Report) last released its quarterly earnings results 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 net margin of 12.43% and a return on equity of 19.66%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.01 billion. On average, equities analysts predict that W.R. Berkley Corporation will post 4.33 earnings per share for the current fiscal year.
W.R. Berkley Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were paid 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 dividend on an annualized basis and a yield of 0.51%. W.R. Berkley's dividend payout ratio (DPR) is presently 8.35%.
W.R. Berkley Profile
(
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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