GeoWealth Management LLC Purchases 4,095 Shares of W. R. Berkley Co. (NYSE:WRB)

GeoWealth Management LLC raised its holdings in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 645.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,729 shares of the insurance provider's stock after purchasing an additional 4,095 shares during the quarter. GeoWealth Management LLC's holdings in W. R. Berkley were worth $277,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Whipplewood Advisors LLC bought a new stake in W. R. Berkley during the fourth quarter worth $35,000. Catalyst Capital Advisors LLC purchased a new position in W. R. Berkley during the 4th quarter worth $42,000. Crowley Wealth Management Inc. bought a new stake in shares of W. R. Berkley in the 4th quarter worth $59,000. Tortoise Investment Management LLC boosted its holdings in W. R. Berkley by 69.9% during the fourth quarter. Tortoise Investment Management LLC now owns 1,313 shares of the insurance provider's stock worth $77,000 after purchasing an additional 540 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in W. R. Berkley in the 4th quarter valued at about $79,000. Institutional investors own 68.82% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Truist Financial upped their price objective on W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Barclays upped their price objective on W. R. Berkley from $52.00 to $62.00 and gave the company an "underweight" rating in a research note on Friday, April 11th. StockNews.com lowered W. R. Berkley from a "buy" rating to a "hold" rating in a report on Friday, April 11th. Wells Fargo & Company lifted their target price on shares of W. R. Berkley from $69.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Finally, Bank of America reiterated a "neutral" rating and issued a $74.00 price objective (up from $73.00) on shares of W. R. Berkley in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $67.64.

W. R. Berkley Price Performance

NYSE:WRB traded up $0.16 during mid-day trading on Monday, reaching $70.64. The stock had a trading volume of 307,553 shares, compared to its average volume of 1,765,588. The stock has a market capitalization of $26.79 billion, a P/E ratio of 16.20, a P/E/G ratio of 1.56 and a beta of 0.40. The firm has a 50 day moving average price of $65.50 and a two-hundred day moving average price of $61.86. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36. W. R. Berkley Co. has a one year low of $51.13 and a one year high of $76.38.

W. R. Berkley (NYSE:WRB - Get Free Report) last announced 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). W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.01 billion. As a group, analysts expect that W. R. Berkley Co. will post 4.33 earnings per share for the current year.

W. R. Berkley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.45%. W. R. Berkley's dividend payout ratio (DPR) is currently 7.42%.

W. R. Berkley 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.