Dimensional Fund Advisors LP increased its holdings in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,119,322 shares of the insurance provider's stock after purchasing an additional 76,349 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.82% of W. R. Berkley worth $182,544,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Freedom Investment Management Inc. lifted its holdings in shares of W. R. Berkley by 3.1% in the fourth quarter. Freedom Investment Management Inc. now owns 8,782 shares of the insurance provider's stock worth $514,000 after buying an additional 261 shares in the last quarter. GeoWealth Management LLC lifted its stake in W. R. Berkley by 645.9% in the 4th quarter. GeoWealth Management LLC now owns 4,729 shares of the insurance provider's stock worth $277,000 after purchasing an additional 4,095 shares in the last quarter. Dean Investment Associates LLC boosted its holdings in shares of W. R. Berkley by 4.5% during the 4th quarter. Dean Investment Associates LLC now owns 53,938 shares of the insurance provider's stock valued at $3,156,000 after purchasing an additional 2,337 shares during the last quarter. Farringdon Capital Ltd. purchased a new position in shares of W. R. Berkley during the fourth quarter valued at about $829,000. Finally, Marshall Wace LLP increased its holdings in shares of W. R. Berkley by 307.2% in the fourth quarter. Marshall Wace LLP now owns 110,735 shares of the insurance provider's stock worth $6,480,000 after purchasing an additional 83,540 shares during the last quarter. Institutional investors own 68.82% of the company's stock.
W. R. Berkley Trading Down 0.3 %
Shares of NYSE:WRB traded down $0.23 during trading on Tuesday, reaching $70.46. 381,669 shares of the company were exchanged, compared to its average volume of 1,765,219. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market capitalization of $26.73 billion, a PE ratio of 16.15, a P/E/G ratio of 1.56 and a beta of 0.40. The business's fifty day simple moving average is $65.70 and its 200-day simple moving average is $61.94. W. R. Berkley Co. has a 12-month low of $51.13 and a 12-month high of $76.38.
W. R. Berkley (NYSE:WRB - Get Free Report) last issued its earnings results on Monday, April 21st. The insurance provider reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.07). The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.01 billion. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. On average, research analysts anticipate that W. R. Berkley Co. will post 4.33 EPS for the current year.
W. R. Berkley Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.45%. The ex-dividend date was Monday, March 3rd. W. R. Berkley's payout ratio is 7.42%.
Wall Street Analysts Forecast Growth
WRB has been the subject of several research analyst reports. Bank of America restated a "neutral" rating and set a $74.00 price target (up previously from $73.00) on shares of W. R. Berkley in a report on Tuesday, April 1st. Keefe, Bruyette & Woods upped their price target on shares of W. R. Berkley from $62.00 to $65.00 and gave the company a "market perform" rating in a research note on Tuesday, April 22nd. Wells Fargo & Company lifted their price objective on shares of W. R. Berkley from $69.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $63.00 price target on shares of W. R. Berkley in a report on Tuesday, January 28th. Finally, UBS Group raised their price objective on W. R. Berkley from $73.00 to $78.00 and gave the company a "buy" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $68.39.
Check Out Our Latest Stock Report on WRB
About W. R. Berkley
(
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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