Mufg Securities Americas Inc. acquired a new position in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,445 shares of the insurance provider's stock, valued at approximately $260,000.
Other hedge funds have also recently made changes to their positions in the company. Nomura Holdings Inc. acquired a new stake in shares of W. R. Berkley in the 4th quarter valued at $580,000. NorthRock Partners LLC purchased a new position in shares of W. R. Berkley in the 4th quarter valued at $257,000. OMERS ADMINISTRATION Corp grew its position in shares of W. R. Berkley by 20.2% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 12,891 shares of the insurance provider's stock valued at $754,000 after buying an additional 2,168 shares during the last quarter. NDVR Inc. grew its position in W. R. Berkley by 6.9% during the 4th quarter. NDVR Inc. now owns 5,088 shares of the insurance provider's stock worth $298,000 after purchasing an additional 328 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in W. R. Berkley by 105.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,036 shares of the insurance provider's stock worth $4,450,000 after purchasing an additional 39,112 shares during the last quarter. Hedge funds and other institutional investors own 68.82% of the company's stock.
Analyst Ratings Changes
WRB has been the topic of several research reports. Bank of America reissued a "neutral" rating and set a $74.00 price objective (up from $73.00) on shares of W. R. Berkley in a research report on Tuesday, April 1st. Barclays lifted their target price on shares of W. R. Berkley from $52.00 to $62.00 and gave the stock an "underweight" rating in a research report on Friday, April 11th. Morgan Stanley boosted their price objective on shares of W. R. Berkley from $63.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday. Wells Fargo & Company upped their price target on shares of W. R. Berkley from $69.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group boosted their price objective on shares of W. R. Berkley from $57.00 to $66.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $70.06.
Check Out Our Latest Stock Report on W. R. Berkley
W. R. Berkley Trading Down 0.5%
WRB traded down $0.35 during trading on Tuesday, hitting $73.47. The company's stock had a trading volume of 746,850 shares, compared to its average volume of 1,763,964. W. R. Berkley Co. has a twelve month low of $51.17 and a twelve month high of $76.38. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. The stock's fifty day moving average price is $68.74 and its 200-day moving average price is $63.35. The firm has a market capitalization of $27.87 billion, a P/E ratio of 16.84, a PEG ratio of 1.56 and a beta of 0.44.
W. R. Berkley (NYSE:WRB - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.07). The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate 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 EPS for the current year.
W. R. Berkley Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors 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 dividend on an annualized basis and a yield of 0.44%. W. R. Berkley's dividend payout ratio (DPR) is 7.42%.
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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