W. R. Berkley Co. (NYSE:WRB) Shares Sold by EULAV Asset Management

EULAV Asset Management cut its position in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,420,464 shares of the insurance provider's stock after selling 144,426 shares during the quarter. W. R. Berkley comprises 2.0% of EULAV Asset Management's portfolio, making the stock its 11th biggest position. EULAV Asset Management owned about 0.37% of W. R. Berkley worth $83,126,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of WRB. Wedmont Private Capital increased its holdings in W. R. Berkley by 2.3% in the 4th quarter. Wedmont Private Capital now owns 8,038 shares of the insurance provider's stock valued at $456,000 after purchasing an additional 181 shares in the last quarter. Armstrong Advisory Group Inc. grew its stake in shares of W. R. Berkley by 51.0% in the third quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider's stock valued at $35,000 after buying an additional 209 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings 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 valued at $915,000 after buying an additional 235 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in W. R. Berkley by 1.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,631 shares of the insurance provider's stock worth $773,000 after acquiring an additional 242 shares in the last quarter. Finally, PFS Partners LLC boosted its holdings in W. R. Berkley by 51.1% in the 3rd quarter. PFS Partners LLC now owns 719 shares of the insurance provider's stock worth $41,000 after acquiring an additional 243 shares during the period. 68.82% of the stock is owned by institutional investors and hedge funds.

W. R. Berkley Stock Performance

WRB stock traded up $0.40 during trading on Tuesday, hitting $61.22. 1,406,903 shares of the company's stock traded hands, compared to its average volume of 2,070,337. The stock has a market capitalization of $23.33 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.59 and a beta of 0.67. W. R. Berkley Co. has a 52 week low of $50.73 and a 52 week high of $65.49. The stock has a fifty day moving average price of $59.46 and a two-hundred day moving average price of $58.90. 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 (NYSE:WRB - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The insurance provider reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.18. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. As a group, equities analysts anticipate that W. R. Berkley Co. will post 4.35 EPS for the current fiscal year.

W. R. Berkley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.52%. W. R. Berkley's dividend payout ratio is currently 7.33%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Truist Financial boosted their target price on shares of W. R. Berkley from $64.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. StockNews.com lowered shares of W. R. Berkley from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Barclays raised their target price on W. R. Berkley from $50.00 to $52.00 and gave the company an "underweight" rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods boosted their price target on W. R. Berkley from $60.00 to $61.00 and gave the stock a "market perform" rating in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $63.00 price objective on shares of W. R. Berkley in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average 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.