Keel Point LLC Purchases Shares of 3,517 W. R. Berkley Co. (NYSE:WRB)

Keel Point LLC purchased a new position in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,517 shares of the insurance provider's stock, valued at approximately $206,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Optiver Holding B.V. grew 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 in the last quarter. Whipplewood Advisors LLC bought a new position in shares of W. R. Berkley during the fourth quarter worth about $35,000. Catalyst Capital Advisors LLC bought a new position in W. R. Berkley during the 4th quarter worth approximately $42,000. Crowley Wealth Management Inc. acquired a new stake in shares of W. R. Berkley during the 4th quarter valued at approximately $59,000. Finally, Tortoise Investment Management LLC increased its stake 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 valued at $77,000 after purchasing an additional 540 shares during the last quarter. 68.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Bank of America reaffirmed a "neutral" rating and set a $74.00 price objective (up previously from $73.00) on shares of W. R. Berkley in a research report on Tuesday, April 1st. UBS Group boosted their price target on W. R. Berkley from $73.00 to $78.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Jefferies Financial Group increased their price objective 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. Royal Bank of Canada reiterated a "sector perform" rating and issued a $63.00 price target on shares of W. R. Berkley in a research report on Tuesday, January 28th. Finally, Truist Financial upped their price target on W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $68.39.

W. R. Berkley Stock Down 0.0 %

Shares of NYSE:WRB traded down $0.03 during trading on Friday, reaching $72.69. 398,880 shares of the company traded hands, compared to its average volume of 1,761,366. The firm has a fifty day simple moving average of $67.32 and a 200 day simple moving average of $62.59. 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 Co. has a 1-year low of $51.17 and a 1-year high of $76.38. The firm has a market cap of $27.58 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 1.56 and a beta of 0.44.

W. R. Berkley (NYSE:WRB - Get Free Report) last issued its earnings results on Monday, April 21st. The insurance provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.07). The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.01 billion. W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. Analysts anticipate that W. R. Berkley Co. will post 4.33 earnings per share for the current fiscal year.

W. R. Berkley Dividend Announcement

The firm 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. This represents a $0.32 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, March 3rd. W. R. Berkley's dividend payout ratio is presently 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.