NYSE:WRB - Free Report ) by 79.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 180,818 shares of the insurance provider's stock after purchasing an additional 79,932 shares during the quarter. W. R. Berkley accounts for 1.8% of Townsend & Associates Inc's portfolio, making the stock its 23rd largest position. Townsend & Associates Inc owned about 0.07% of W. R. Berkley worth $14,048,000 as of its most recent filing with the Securities and Exchange Commission.
Get W. R. Berkley alerts:
Sign Up
A number of other hedge funds have also added to or reduced their stakes in WRB. Bruce G. Allen Investments LLC purchased a new position in W. R. Berkley in the fourth quarter worth about $25,000. Parkside Financial Bank & Trust grew its position in shares of W. R. Berkley by 106.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 406 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 209 shares during the period. Raleigh Capital Management Inc. increased its stake 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 worth $26,000 after purchasing an additional 236 shares in the last quarter. VisionPoint Advisory Group LLC bought a new position in W. R. Berkley in the 3rd quarter worth $27,000. Finally, Lindbrook Capital LLC grew its holdings in W. R. Berkley by 70.6% during 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 period. 68.82% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets WRB has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lowered their price objective 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, May 3rd. Evercore ISI increased their price objective on shares of W. R. Berkley from $83.00 to $89.00 and gave the stock an "in-line" rating in a research note on Thursday, April 11th. Royal Bank of Canada lowered 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 research note on Wednesday, April 24th. UBS Group raised their price target on W. R. Berkley from $81.00 to $93.00 and gave the company a "buy" rating in a report on Tuesday, January 30th. Finally, Truist Financial dropped their price objective on W. R. Berkley from $95.00 to $93.00 and set a "buy" rating for the company in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, W. R. Berkley presently has an average rating of "Moderate Buy" and an average price target of $90.38.
Read Our Latest Analysis on WRB
W. R. Berkley Price Performance Shares of W. R. Berkley stock traded up $0.23 during trading hours on Thursday, reaching $78.79. The company's stock had a trading volume of 640,320 shares, compared to its average volume of 1,253,748. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.37 and a quick ratio of 0.37. W. R. Berkley Co. has a one year low of $55.50 and a one year high of $89.18. The firm has a 50 day moving average price of $83.30 and a 200-day moving average price of $77.18. The stock has a market cap of $20.14 billion, a P/E ratio of 13.97, a P/E/G ratio of 1.49 and a beta of 0.60.
W. R. Berkley (NYSE:WRB - Get Free Report ) last announced its earnings results on Tuesday, April 23rd. The insurance provider reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.10. The firm had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.77 billion. W. R. Berkley had a return on equity of 21.01% and a net margin of 12.23%. The company's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. On average, analysts predict that W. R. Berkley Co. will post 5.87 EPS for the current year.
W. R. Berkley Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, March 4th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Friday, March 1st. W. R. Berkley's payout ratio is currently 7.80%.
W. R. Berkley Company 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.
Read More
Before you consider W. R. Berkley, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and W. R. Berkley wasn't on the list.
While W. R. Berkley currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
