Interval Partners LP Takes Position in W. R. Berkley Co. (NYSE:WRB)

Interval Partners LP bought a new stake in W. R. Berkley Co. (NYSE:WRB - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 86,908 shares of the insurance provider's stock, valued at approximately $5,086,000.

Other hedge funds have also recently made changes to their positions in the company. Optiver Holding B.V. boosted its position 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 worth $25,000 after buying an additional 221 shares during the period. 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 worth $48,000 after purchasing an additional 365 shares during the period. Finally, Crowley Wealth Management Inc. bought a new stake in shares of W. R. Berkley in the fourth quarter worth $59,000. 68.82% of the stock is owned by institutional investors and hedge funds.

W. R. Berkley Stock Up 2.3%

NYSE:WRB traded up $1.66 during trading hours on Thursday, reaching $72.68. The company had a trading volume of 1,237,888 shares, compared to its average volume of 1,767,059. The business's 50-day simple moving average is $68.07 and its two-hundred day simple moving average is $62.95. W. R. Berkley Co. has a twelve month low of $51.17 and a twelve month high of $76.38. The firm has a market cap of $27.57 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 1.56 and a beta of 0.44. 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 issued its earnings results on Monday, April 21st. The insurance provider reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.08 by ($0.07). W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.01 billion. On average, equities analysts expect that W. R. Berkley Co. will post 4.33 earnings per share for the current year.

W. R. Berkley Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.44%. W. R. Berkley's dividend payout ratio is 7.42%.

Wall Street Analyst Weigh In

Several brokerages have commented on WRB. Keefe, Bruyette & Woods lifted their target price on W. R. Berkley from $62.00 to $65.00 and gave the stock a "market perform" rating in a report on Tuesday, April 22nd. Wells Fargo & Company increased their target price on shares of W. R. Berkley from $69.00 to $70.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 22nd. StockNews.com upgraded shares of W. R. Berkley from a "hold" rating to a "buy" rating in a research report on Tuesday. Truist Financial increased their price objective on shares of W. R. Berkley from $68.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Finally, UBS Group boosted their target price on shares of W. R. Berkley from $73.00 to $78.00 and gave the company a "buy" rating in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $68.39.

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.