GHP Investment Advisors Inc. Has $6.44 Million Stock Position in W. R. Berkley Co. (NYSE:WRB)

GHP Investment Advisors Inc. grew its position in W. R. Berkley Co. (NYSE:WRB - Free Report) by 17.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,090 shares of the insurance provider's stock after purchasing an additional 13,256 shares during the quarter. GHP Investment Advisors Inc.'s holdings in W. R. Berkley were worth $6,442,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Bruce G. Allen Investments LLC acquired a new stake in W. R. Berkley during the 4th quarter worth $25,000. Clear Street Markets LLC raised its stake in W. R. Berkley by 92.3% during the 1st quarter. Clear Street Markets LLC now owns 398 shares of the insurance provider's stock worth $25,000 after acquiring an additional 191 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in W. R. Berkley by 106.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 406 shares of the insurance provider's stock worth $26,000 after acquiring an additional 209 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in W. R. Berkley by 132.6% during the 3rd quarter. Raleigh Capital Management Inc. now owns 414 shares of the insurance provider's stock worth $26,000 after acquiring an additional 236 shares in the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new stake in W. R. Berkley during the 3rd quarter worth $27,000. 68.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WRB has been the topic of several research analyst reports. StockNews.com lowered shares of W. R. Berkley from a "buy" rating to a "hold" rating in a research note on Thursday. Keefe, Bruyette & Woods lifted their price target on shares of W. R. Berkley from $85.00 to $88.00 and gave the stock a "market perform" rating in a research note on Wednesday. Truist Financial lifted their price objective on shares of W. R. Berkley from $83.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, January 25th. Royal Bank of Canada lifted their price objective on shares of W. R. Berkley from $73.00 to $79.00 and gave the company a "sector perform" rating in a research note on Thursday, January 25th. Finally, UBS Group lifted their price objective on shares of W. R. Berkley from $81.00 to $93.00 and gave the company a "buy" rating in a research note on Tuesday, January 30th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $88.50.

W. R. Berkley Stock Performance

Shares of NYSE:WRB traded down $1.75 during midday trading on Thursday, hitting $82.18. The stock had a trading volume of 1,188,826 shares, compared to its average volume of 1,187,660. The company has a market capitalization of $21.08 billion, a PE ratio of 16.24, a P/E/G ratio of 1.60 and a beta of 0.57. The stock has a 50 day moving average price of $84.35 and a two-hundred day moving average price of $75.00. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.38. W. R. Berkley Co. has a 1 year low of $55.50 and a 1 year high of $89.18.

W. R. Berkley (NYSE:WRB - Get Free Report) last issued its earnings results on Wednesday, January 24th. The insurance provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.10. The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $2.70 billion. W. R. Berkley had a net margin of 11.38% and a return on equity of 19.03%. The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 earnings per share. As a group, equities analysts predict that W. R. Berkley Co. will post 6.03 earnings per share for the current fiscal year.

W. R. Berkley Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, March 4th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Friday, March 1st. W. R. Berkley's payout ratio is 8.70%.

About W. R. Berkley

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.