W. R. Berkley Co. (NYSE:WRB) Shares Purchased by Assetmark Inc.

Assetmark Inc. raised its holdings in W. R. Berkley Co. (NYSE:WRB - Free Report) by 71.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 90,408 shares of the insurance provider's stock after acquiring an additional 37,569 shares during the quarter. Assetmark Inc.'s holdings in W. R. Berkley were worth $5,129,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in WRB. Markel Group Inc. lifted its position in W. R. Berkley by 50.0% during the 3rd quarter. Markel Group Inc. now owns 60,750 shares of the insurance provider's stock worth $3,446,000 after acquiring an additional 20,250 shares during the period. Townsend & Associates Inc boosted its stake in W. R. Berkley by 2.1% in the third quarter. Townsend & Associates Inc now owns 285,349 shares of the insurance provider's stock valued at $16,873,000 after acquiring an additional 5,875 shares during the period. Leavell Investment Management Inc. lifted its position in W. R. Berkley by 51.7% in the third quarter. Leavell Investment Management Inc. now owns 31,232 shares of the insurance provider's stock worth $1,772,000 after purchasing an additional 10,648 shares during the period. ABLE Financial Group LLC bought a new position in shares of W. R. Berkley in the third quarter valued at $216,000. Finally, Financial Strategies Group Inc. raised its stake in W. R. Berkley by 53.4% during the 3rd quarter. Financial Strategies Group Inc. now owns 114,964 shares of the insurance provider's stock valued at $6,813,000 after purchasing an additional 40,007 shares during the period. 68.82% of the stock is currently owned by hedge funds and other institutional investors.

W. R. Berkley Stock Down 0.0 %

NYSE WRB traded down $0.02 during trading on Tuesday, hitting $60.40. 1,055,278 shares of the company traded hands, compared to its average volume of 1,788,041. The company has a current ratio of 0.36, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $58.42 and a 200 day simple moving average of $55.96. The company has a market capitalization of $23.02 billion, a P/E ratio of 15.44, a PEG ratio of 1.20 and a beta of 0.62. W. R. Berkley Co. has a 12 month low of $45.30 and a 12 month high of $61.96.

W. R. Berkley (NYSE:WRB - Get Free Report) last announced its earnings results on Monday, October 21st. The insurance provider reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.01. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%. The company's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 EPS. As a group, sell-side analysts predict that W. R. Berkley Co. will post 3.96 EPS for the current year.

W. R. Berkley Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were issued a $0.08 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.53%. W. R. Berkley's dividend payout ratio is presently 8.20%.

Wall Street Analysts Forecast Growth

WRB has been the subject of several recent research reports. Bank of America increased their price target on shares of W. R. Berkley from $73.00 to $76.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Barclays started coverage on shares of W. R. Berkley in a research note on Wednesday, September 4th. They issued an "underweight" rating and a $56.00 price objective for the company. Truist Financial raised their price target on shares of W. R. Berkley from $64.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. StockNews.com cut shares of W. R. Berkley from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Finally, Wells Fargo & Company upped their price target on shares of W. R. Berkley from $63.00 to $68.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $63.08.

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.