Corient Private Wealth LLC Trims Stock Holdings in W. R. Berkley Co. (NYSE:WRB)

Corient Private Wealth LLC lessened its holdings in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 205,028 shares of the insurance provider's stock after selling 21,852 shares during the quarter. Corient Private Wealth LLC owned 0.05% of W. R. Berkley worth $11,998,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Whipplewood Advisors LLC acquired a new stake in shares of W. R. Berkley in the 4th quarter valued at about $35,000. Catalyst Capital Advisors LLC acquired a new stake in shares of W. R. Berkley in the 4th quarter valued at about $42,000. Brooklyn Investment Group acquired a new stake in shares of W. R. Berkley in the 3rd quarter valued at about $48,000. Tortoise Investment Management LLC raised its stake in shares of W. R. Berkley by 69.9% in the 4th quarter. Tortoise Investment Management LLC now owns 1,313 shares of the insurance provider's stock valued at $77,000 after purchasing an additional 540 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of W. R. Berkley in the 4th quarter valued at about $79,000. Institutional investors and hedge funds own 68.82% of the company's stock.

W. R. Berkley Stock Performance

Shares of NYSE:WRB traded down $0.38 during trading on Friday, reaching $63.21. 4,177,646 shares of the stock were exchanged, compared to its average volume of 1,656,995. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. The firm has a market cap of $23.97 billion, a PE ratio of 14.49, a PEG ratio of 1.56 and a beta of 0.63. The stock has a 50-day moving average price of $60.99 and a 200-day moving average price of $59.92. W. R. Berkley Co. has a 12 month low of $50.73 and a 12 month high of $65.49.

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W. R. Berkley (NYSE:WRB - Get Free Report) last announced its quarterly earnings results 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 net margin of 12.88% and a return on equity of 20.83%. Research analysts expect that W. R. Berkley Co. will post 4.33 EPS 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. Stockholders of record on Monday, March 3rd were given a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.51%. W. R. Berkley's dividend payout ratio (DPR) is presently 7.34%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WRB. The Goldman Sachs Group raised W. R. Berkley from a "neutral" rating to a "buy" rating and set a $69.00 target price on the stock in a research report on Monday, November 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $63.00 target price on shares of W. R. Berkley in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods lifted their target price on W. R. Berkley from $60.00 to $61.00 and gave the company a "market perform" rating in a research report on Tuesday, January 28th. Morgan Stanley started coverage on W. R. Berkley in a report on Thursday, December 5th. They set an "equal weight" rating and a $65.00 price target for the company. Finally, Wells Fargo & Company lifted their price target on W. R. Berkley from $67.00 to $70.00 and gave the stock an "overweight" rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, W. R. Berkley has a consensus rating of "Hold" and a consensus target price of $64.36.

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.