Asset Management One Co. Ltd. grew its holdings in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 14.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,411 shares of the insurance provider's stock after buying an additional 13,675 shares during the period. Asset Management One Co. Ltd.'s holdings in W. R. Berkley were worth $7,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC purchased a new stake in shares of W. R. Berkley in the 4th quarter valued at about $25,000. Clear Street Markets LLC lifted its holdings in shares of W. R. Berkley by 92.3% in the 1st quarter. Clear Street Markets LLC now owns 398 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 191 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of W. R. Berkley by 106.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 406 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 209 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of W. R. Berkley by 132.6% in the 3rd quarter. Raleigh Capital Management Inc. now owns 414 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 236 shares during the last quarter. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of W. R. Berkley in the 3rd quarter valued at about $27,000. 68.82% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
WRB has been the topic of several recent research reports. Royal Bank of Canada boosted their price target on W. R. Berkley from $73.00 to $79.00 and gave the company a "sector perform" rating in a research report on Thursday, January 25th. BMO Capital Markets boosted their price target on W. R. Berkley from $71.00 to $81.00 and gave the company a "market perform" rating in a research report on Friday, January 26th. Wells Fargo & Company boosted their price target on W. R. Berkley from $84.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods boosted their price target on W. R. Berkley from $85.00 to $88.00 and gave the company a "market perform" rating in a research report on Wednesday. Finally, UBS Group boosted their price target on W. R. Berkley from $81.00 to $93.00 and gave the company a "buy" rating in a research report on Tuesday, January 30th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $84.44.
Check Out Our Latest Report on W. R. Berkley
W. R. Berkley Stock Performance
NYSE WRB traded up $0.19 on Wednesday, hitting $83.93. 1,139,025 shares of the company's stock were exchanged, compared to its average volume of 1,187,644. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.37 and a quick ratio of 0.37. The firm's 50-day moving average price is $84.31 and its two-hundred day moving average price is $74.93. W. R. Berkley Co. has a fifty-two week low of $55.50 and a fifty-two week high of $89.18. The firm has a market cap of $21.53 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 1.60 and a beta of 0.57.
W. R. Berkley (NYSE:WRB - Get Free Report) last released its quarterly earnings results on Wednesday, January 24th. The insurance provider reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.10. The business had revenue of $3.22 billion for the quarter, compared to analysts' expectations of $2.70 billion. W. R. Berkley had a return on equity of 19.03% and a net margin of 11.38%. The company's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 EPS. On average, research analysts expect that W. R. Berkley Co. will post 6.03 EPS for the current year.
W. R. Berkley Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, March 4th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, March 1st. W. R. Berkley's dividend payout ratio is currently 8.70%.
About W. R. Berkley
(
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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