W. R. Berkley Co. (NYSE:WRB) Holdings Lifted by DAVENPORT & Co LLC

DAVENPORT & Co LLC grew its holdings in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 41.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,611 shares of the insurance provider's stock after purchasing an additional 5,124 shares during the period. DAVENPORT & Co LLC's holdings in W. R. Berkley were worth $1,031,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. raised its stake in W. R. Berkley by 51.0% during the third quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider's stock worth $35,000 after acquiring an additional 209 shares during the period. PFS Partners LLC grew its holdings in shares of W. R. Berkley by 51.1% during the third quarter. PFS Partners LLC now owns 719 shares of the insurance provider's stock valued at $41,000 after purchasing an additional 243 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of W. R. Berkley by 108.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 801 shares of the insurance provider's stock worth $45,000 after purchasing an additional 416 shares during the period. Coastline Trust Co bought a new stake in shares of W. R. Berkley in the 3rd quarter worth approximately $47,000. Finally, Raleigh Capital Management Inc. boosted its position in W. R. Berkley by 45.6% during the 3rd quarter. Raleigh Capital Management Inc. now owns 843 shares of the insurance provider's stock valued at $48,000 after purchasing an additional 264 shares during the period. 68.82% of the stock is currently owned by institutional investors.

W. R. Berkley Price Performance

WRB stock traded down $0.73 during trading hours on Monday, hitting $60.79. 1,455,230 shares of the stock traded hands, compared to its average volume of 2,095,832. The stock has a 50-day simple moving average of $59.52 and a 200 day simple moving average of $58.84. The company has a market cap of $23.16 billion, a P/E ratio of 13.93, a P/E/G ratio of 1.59 and a beta of 0.67. W. R. Berkley Co. has a one year low of $50.73 and a one year high of $65.49. 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 (NYSE:WRB - Get Free Report) last announced 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 net margin of 12.88% and a return on equity of 20.83%. Equities analysts forecast that W. R. Berkley Co. will post 4.35 earnings per share for the current year.

W. R. Berkley Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a dividend of $0.08 per share. The ex-dividend date was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.53%. W. R. Berkley's dividend payout ratio (DPR) is presently 7.34%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on WRB shares. Evercore ISI raised their target price on W. R. Berkley from $57.00 to $60.00 and gave the company an "in-line" rating in a research note on Tuesday, October 22nd. UBS Group lifted their price objective on shares of W. R. Berkley from $67.00 to $69.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group upgraded shares of W. R. Berkley from a "neutral" rating to a "buy" rating and set a $69.00 target price for the company in a research report on Monday, November 25th. Truist Financial lifted their price target on W. R. Berkley from $64.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, October 17th. Finally, Morgan Stanley began coverage on W. R. Berkley in a report on Thursday, December 5th. They issued an "equal weight" rating and a $65.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.