DRW Securities LLC bought a new stake in W. R. Berkley Co. (NYSE:WRB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,544 shares of the insurance provider's stock, valued at approximately $324,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wedmont Private Capital grew its holdings in shares of W. R. Berkley by 2.3% during the 4th quarter. Wedmont Private Capital now owns 8,038 shares of the insurance provider's stock worth $456,000 after purchasing an additional 181 shares during the period. Smartleaf Asset Management LLC increased its position in shares of W. R. Berkley by 3.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,289 shares of the insurance provider's stock valued at $310,000 after purchasing an additional 188 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of W. R. Berkley by 1.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 15,632 shares of the insurance provider's stock worth $915,000 after acquiring an additional 235 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of W. R. Berkley by 1.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,631 shares of the insurance provider's stock valued at $773,000 after buying an additional 242 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in W. R. Berkley by 1.2% in the fourth quarter. Private Advisor Group LLC now owns 21,588 shares of the insurance provider's stock valued at $1,263,000 after acquiring an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 68.82% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on WRB. Truist Financial raised their target price on shares of W. R. Berkley from $68.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Royal Bank of Canada restated a "sector perform" rating and issued a $63.00 price objective on shares of W. R. Berkley in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods decreased their target price on shares of W. R. Berkley from $64.00 to $62.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company cut W. R. Berkley from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $70.00 to $69.00 in a research report on Wednesday, April 9th. Finally, Bank of America reaffirmed a "neutral" rating and set a $74.00 price objective (up from $73.00) on shares of W. R. Berkley in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $66.59.
Check Out Our Latest Report on WRB
W. R. Berkley Trading Up 1.4 %
Shares of WRB traded up $0.96 on Monday, hitting $69.41. 1,716,596 shares of the stock traded hands, compared to its average volume of 1,806,183. The firm has a market capitalization of $26.32 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.56 and a beta of 0.40. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. W. R. Berkley Co. has a 1 year low of $50.73 and a 1 year high of $76.38. The stock's 50 day moving average is $63.78 and its two-hundred day moving average is $61.01.
W. R. Berkley (NYSE:WRB - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The insurance provider reported $1.13 EPS for the quarter, beating analysts' consensus estimates 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 predict that W. R. Berkley Co. will post 4.33 earnings per share for the current year.
W. R. Berkley Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, March 3rd. W. R. Berkley's dividend payout ratio (DPR) is 7.34%.
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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