Susquehanna Fundamental Investments LLC purchased a new position in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 250,818 shares of the insurance provider's stock, valued at approximately $14,678,000. Susquehanna Fundamental Investments LLC owned 0.07% of W. R. Berkley at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of W. R. Berkley by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 36,436,473 shares of the insurance provider's stock worth $2,132,262,000 after acquiring an additional 529,294 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of W. R. Berkley by 1.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 11,722,476 shares of the insurance provider's stock valued at $685,999,000 after purchasing an additional 116,957 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of W. R. Berkley by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 7,694,703 shares of the insurance provider's stock valued at $449,168,000 after buying an additional 103,350 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of W. R. Berkley by 55.1% during the third quarter. JPMorgan Chase & Co. now owns 7,366,424 shares of the insurance provider's stock worth $417,897,000 after buying an additional 2,616,227 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of W. R. Berkley in the fourth quarter worth $272,582,000. Institutional investors and hedge funds own 68.82% of the company's stock.
W. R. Berkley Stock Performance
Shares of NYSE:WRB traded up $1.13 during trading hours on Friday, hitting $72.31. The stock had a trading volume of 928,704 shares, compared to its average volume of 1,765,175. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36. The stock's fifty day simple moving average is $66.30 and its 200 day simple moving average is $62.16. The firm has a market capitalization of $27.43 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.56 and a beta of 0.40. W. R. Berkley Co. has a 1-year low of $51.17 and a 1-year high of $76.38.
W. R. Berkley (NYSE:WRB - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.07). The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.01 billion. W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. Sell-side analysts anticipate that W. R. Berkley Co. will post 4.33 earnings per share for the current fiscal year.
W. R. Berkley Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Monday, March 3rd. W. R. Berkley's dividend payout ratio is currently 7.42%.
Analyst Ratings Changes
Several research analysts have weighed in on the stock. Bank of America reissued a "neutral" rating and set a $74.00 price objective (up from $73.00) on shares of W. R. Berkley in a report on Tuesday, April 1st. Barclays boosted their price objective on W. R. Berkley from $52.00 to $62.00 and gave the company an "underweight" rating in a report on Friday, April 11th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $63.00 target price on shares of W. R. Berkley in a report on Tuesday, January 28th. Truist Financial boosted their price target on W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. Finally, UBS Group raised their price objective on W. R. Berkley from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, W. R. Berkley has a consensus rating of "Hold" and an average target price of $68.39.
View Our Latest Analysis on WRB
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.
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