W. R. Berkley Co. (NYSE:WRB) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership trimmed its position in W. R. Berkley Co. (NYSE:WRB - Free Report) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 812,263 shares of the insurance provider's stock after selling 71,833 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.21% of W. R. Berkley worth $47,534,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans increased its stake in W. R. Berkley by 44.8% during the third quarter. Thrivent Financial for Lutherans now owns 11,796 shares of the insurance provider's stock worth $669,000 after acquiring an additional 3,647 shares during the last quarter. FMR LLC increased its position in shares of W. R. Berkley by 68.6% during the 3rd quarter. FMR LLC now owns 116,767 shares of the insurance provider's stock worth $6,624,000 after purchasing an additional 47,515 shares during the last quarter. Glenmede Trust Co. NA raised its holdings in W. R. Berkley by 59.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,859 shares of the insurance provider's stock valued at $559,000 after buying an additional 3,688 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in W. R. Berkley by 44.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,647 shares of the insurance provider's stock valued at $3,724,000 after buying an additional 20,348 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in W. R. Berkley by 53.8% during the third quarter. Public Sector Pension Investment Board now owns 52,498 shares of the insurance provider's stock worth $2,978,000 after buying an additional 18,366 shares during the period. Hedge funds and other institutional investors own 68.82% of the company's stock.

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W. R. Berkley Stock Up 0.8 %

Shares of WRB stock traded up $0.55 on Thursday, reaching $70.30. 2,311,054 shares of the stock were exchanged, compared to its average volume of 1,779,244. The company has a market capitalization of $26.66 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.56 and a beta of 0.40. The business's 50 day moving average price is $62.37 and its 200 day moving average price is $60.43. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. W. R. Berkley Co. has a twelve month low of $50.73 and a twelve month high of $76.38.

W. R. Berkley (NYSE:WRB - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The insurance provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.18. W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. As a group, sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.46%. W. R. Berkley's payout ratio is currently 7.34%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WRB. Royal Bank of Canada restated a "sector perform" rating and issued a $63.00 price objective on shares of W. R. Berkley in a report on Tuesday, January 28th. Barclays raised their price target on W. R. Berkley from $50.00 to $52.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 28th. Truist Financial boosted their price objective on W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a report on Thursday. Bank of America restated a "neutral" rating and set a $74.00 target price (up from $73.00) on shares of W. R. Berkley in a report on Tuesday. Finally, Morgan Stanley began coverage on shares of W. R. Berkley in a research note on Thursday, December 5th. They issued an "equal weight" rating and a $65.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $65.13.

W. R. Berkley Company 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.