W. R. Berkley Co. (NYSE:WRB) Shares Acquired by Forte Capital LLC ADV

Forte Capital LLC ADV lifted its position in W. R. Berkley Co. (NYSE:WRB - Free Report) by 50.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,444 shares of the insurance provider's stock after acquiring an additional 25,870 shares during the period. Forte Capital LLC ADV's holdings in W. R. Berkley were worth $5,477,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of WRB. Bruce G. Allen Investments LLC bought a new stake in shares of W. R. Berkley in the fourth quarter valued at about $25,000. Parkside Financial Bank & Trust raised its position in 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 buying an additional 209 shares during the last quarter. Raleigh Capital Management Inc. boosted its position 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 during the last quarter. VisionPoint Advisory Group LLC bought a new position in shares of W. R. Berkley during the 3rd quarter worth approximately $27,000. Finally, Lindbrook Capital LLC raised its holdings in shares of W. R. Berkley by 70.6% in the fourth quarter. Lindbrook Capital LLC now owns 580 shares of the insurance provider's stock valued at $41,000 after purchasing an additional 240 shares during the last quarter. Institutional investors own 68.82% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Truist Financial lowered their price target on W. R. Berkley from $95.00 to $93.00 and set a "buy" rating on the stock in a research report on Wednesday, April 24th. Evercore ISI increased their price target on shares of W. R. Berkley from $83.00 to $89.00 and gave the company an "in-line" rating in a research note on Thursday, April 11th. UBS Group boosted their price objective on shares of W. R. Berkley from $81.00 to $93.00 and gave the stock a "buy" rating in a research note on Tuesday, January 30th. Royal Bank of Canada dropped their target price on shares of W. R. Berkley from $88.00 to $86.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods lowered their price target on W. R. Berkley from $88.00 to $86.00 and set a "market perform" rating on the stock in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $90.38.

W. R. Berkley Stock Down 0.6 %

NYSE:WRB traded down $0.45 on Friday, hitting $78.56. The stock had a trading volume of 1,259,903 shares, compared to its average volume of 1,555,009. The company has a market cap of $20.15 billion, a PE ratio of 13.93, a P/E/G ratio of 1.49 and a beta of 0.60. W. R. Berkley Co. has a 52 week low of $55.50 and a 52 week high of $89.18. The business's fifty day moving average is $83.67 and its 200 day moving average is $76.96. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.38.

W. R. Berkley (NYSE:WRB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The insurance provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.10. The business had revenue of $2.76 billion for the quarter, compared to analysts' expectations of $2.77 billion. W. R. Berkley had a net margin of 12.23% and a return on equity of 21.01%. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.00 EPS. On average, equities research analysts expect that W. R. Berkley Co. will post 5.87 EPS for the current fiscal year.

W. R. Berkley Announces Dividend

The firm 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 0.56%. The ex-dividend date was Friday, March 1st. W. R. Berkley's dividend payout ratio is presently 7.80%.

W. R. Berkley Company 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.