Tower Research Capital LLC TRC Purchases 12,521 Shares of W. R. Berkley Co. (NYSE:WRB)

Tower Research Capital LLC TRC increased its position in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 79.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,241 shares of the insurance provider's stock after acquiring an additional 12,521 shares during the period. Tower Research Capital LLC TRC's holdings in W. R. Berkley were worth $1,653,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of W. R. Berkley by 78.6% during the third quarter. Barclays PLC now owns 1,469,608 shares of the insurance provider's stock worth $83,372,000 after purchasing an additional 646,973 shares during the period. Bard Financial Services Inc. lifted its holdings in W. R. Berkley by 50.0% during the 3rd quarter. Bard Financial Services Inc. now owns 7,590 shares of the insurance provider's stock worth $431,000 after buying an additional 2,530 shares during the period. Anchor Investment Management LLC bought a new stake in shares of W. R. Berkley in the 3rd quarter valued at about $88,000. World Investment Advisors LLC acquired a new stake in shares of W. R. Berkley in the third quarter valued at about $1,709,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of W. R. Berkley during the third quarter worth about $98,000. 68.82% of the stock is currently owned by institutional investors.

W. R. Berkley Stock Down 0.3 %

NYSE:WRB traded down $0.24 on Tuesday, hitting $70.45. The stock had a trading volume of 381,669 shares, compared to its average volume of 1,765,219. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. W. R. Berkley Co. has a 52 week low of $51.13 and a 52 week high of $76.38. The business's fifty day moving average is $65.70 and its 200 day moving average is $61.94. The company has a market cap of $26.72 billion, a PE ratio of 16.15, a P/E/G ratio of 1.56 and a beta of 0.40.

W. R. Berkley (NYSE:WRB - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.07). W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.01 billion. On average, equities research analysts expect that W. R. Berkley Co. will post 4.33 EPS for the current fiscal year.

W. R. Berkley Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were given a $0.08 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 0.45%. W. R. Berkley's payout ratio is 7.42%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on WRB shares. Jefferies Financial Group increased their target price on shares of W. R. Berkley from $57.00 to $66.00 and gave the company a "hold" rating in a research report on Friday, April 11th. UBS Group increased their price objective on shares of W. R. Berkley from $73.00 to $78.00 and gave the stock a "buy" rating in a research report on Monday. Truist Financial boosted their target price on shares of W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. Wells Fargo & Company increased their price target on W. R. Berkley from $69.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $63.00 target price on shares of W. R. Berkley in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $68.39.

W. R. Berkley 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.