33,489 Shares in W. R. Berkley Co. (NYSE:WRB) Acquired by Elm3 Financial Group LLC

Elm3 Financial Group LLC bought a new stake in W. R. Berkley Co. (NYSE:WRB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 33,489 shares of the insurance provider's stock, valued at approximately $1,960,000. W. R. Berkley comprises about 1.7% of Elm3 Financial Group LLC's holdings, making the stock its 14th biggest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Armstrong Advisory Group Inc. boosted 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 buying an additional 209 shares in the last quarter. PFS Partners LLC boosted its position in shares of W. R. Berkley by 51.1% during the 3rd quarter. PFS Partners LLC now owns 719 shares of the insurance provider's stock valued at $41,000 after acquiring an additional 243 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in W. R. Berkley by 108.1% in the third quarter. Creative Financial Designs Inc. ADV now owns 801 shares of the insurance provider's stock valued at $45,000 after acquiring an additional 416 shares during the period. Coastline Trust Co acquired a new position in W. R. Berkley in the third quarter worth about $47,000. Finally, Raleigh Capital Management Inc. lifted its stake in W. R. Berkley by 45.6% during the third quarter. Raleigh Capital Management Inc. now owns 843 shares of the insurance provider's stock worth $48,000 after purchasing an additional 264 shares during the period. 68.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Truist Financial increased their target price on W. R. Berkley from $64.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. UBS Group lifted their price objective on W. R. Berkley from $67.00 to $69.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Wells Fargo & Company upped their target price on shares of W. R. Berkley from $67.00 to $70.00 and gave the stock an "overweight" rating in a report on Tuesday, January 28th. Bank of America upped their target price 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. Finally, Keefe, Bruyette & Woods upped their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $64.36.

W. R. Berkley Stock Down 1.2 %

Shares of WRB traded down $0.73 on Monday, hitting $60.79. The company's stock had a trading volume of 1,002,867 shares, compared to its average volume of 2,072,344. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $23.16 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 1.59 and a beta of 0.67. The firm's fifty day moving average price is $59.52 and its 200-day moving average price is $58.84. W. R. Berkley Co. has a fifty-two week low of $50.73 and a fifty-two week high of $65.49.

W. R. Berkley (NYSE:WRB - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The insurance provider reported $1.13 earnings per share for the quarter, beating 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%. On average, equities research analysts expect that W. R. Berkley Co. will post 4.35 EPS for the current year.

W. R. Berkley Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a $0.08 dividend. 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 7.33%.

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.