Charles Schwab Investment Management Inc. raised its stake in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,684,279 shares of the insurance provider's stock after purchasing an additional 50,861 shares during the period. Charles Schwab Investment Management Inc. owned 0.65% of W. R. Berkley worth $119,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Ballentine Partners LLC boosted its position in W. R. Berkley by 1.6% during the fourth quarter. Ballentine Partners LLC now owns 9,180 shares of the insurance provider's stock valued at $649,000 after purchasing an additional 147 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of W. R. Berkley by 0.9% in the 4th quarter. Bleakley Financial Group LLC now owns 17,244 shares of the insurance provider's stock worth $1,220,000 after buying an additional 148 shares during the last quarter. Claro Advisors LLC raised its stake in shares of W. R. Berkley by 1.6% during the 4th quarter. Claro Advisors LLC now owns 9,832 shares of the insurance provider's stock worth $695,000 after acquiring an additional 156 shares in the last quarter. Signaturefd LLC lifted its position in W. R. Berkley by 5.2% during the fourth quarter. Signaturefd LLC now owns 3,511 shares of the insurance provider's stock valued at $248,000 after acquiring an additional 175 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in W. R. Berkley by 18.6% in the fourth quarter. Allworth Financial LP now owns 1,130 shares of the insurance provider's stock valued at $80,000 after acquiring an additional 177 shares in the last quarter. 68.82% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
WRB has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reduced 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, May 3rd. The Goldman Sachs Group increased their price target on W. R. Berkley from $86.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, April 12th. Truist Financial dropped their price target on W. R. Berkley from $95.00 to $93.00 and set a "buy" rating on the stock in a research note on Wednesday, April 24th. UBS Group lifted their target price 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. Finally, BMO Capital Markets cut their price target on shares of W. R. Berkley from $93.00 to $87.00 and set a "market perform" rating on the stock 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 stock. According to MarketBeat, W. R. Berkley has a consensus rating of "Moderate Buy" and a consensus price target of $90.38.
Read Our Latest Analysis on WRB
W. R. Berkley Stock Performance
Shares of WRB stock traded up $0.95 during trading hours on Friday, hitting $79.74. The company's stock had a trading volume of 755,895 shares, compared to its average volume of 1,485,095. The company has a 50 day moving average of $83.14 and a 200 day moving average of $77.45. The stock has a market cap of $20.39 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 1.51 and a beta of 0.60. The company has a current ratio of 0.36, a quick ratio of 0.37 and a debt-to-equity ratio of 0.36. W. R. Berkley Co. has a 12-month low of $55.50 and a 12-month high of $89.18.
W. R. Berkley (NYSE:WRB - Get Free Report) last posted its 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. W. R. Berkley had a net margin of 12.23% and a return on equity of 20.51%. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period in the previous year, the firm earned $1.00 EPS. The business's quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts forecast that W. R. Berkley Co. will post 5.85 EPS 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 paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.55%. The ex-dividend date 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.
See Also
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
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
