Fifth Third Wealth Advisors LLC acquired a new stake in W. R. Berkley Co. (NYSE:WRB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,966 shares of the insurance provider's stock, valued at approximately $291,000.
A number of other institutional investors have also recently bought and sold shares of the business. Quarry LP purchased a new position in shares of W. R. Berkley during the 2nd quarter valued at $42,000. Kiely Wealth Advisory Group Inc. lifted its holdings in W. R. Berkley by 49.9% during the 2nd quarter. Kiely Wealth Advisory Group Inc. now owns 580 shares of the insurance provider's stock worth $46,000 after purchasing an additional 193 shares in the last quarter. Armstrong Advisory Group Inc. lifted its holdings in W. R. Berkley by 51.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider's stock worth $35,000 after purchasing an additional 209 shares in the last quarter. PFS Partners LLC lifted its holdings in W. R. Berkley by 51.1% during the 3rd quarter. PFS Partners LLC now owns 719 shares of the insurance provider's stock worth $41,000 after purchasing an additional 243 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in 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 in the last quarter. Institutional investors own 68.82% of the company's stock.
W. R. Berkley Price Performance
Shares of W. R. Berkley stock traded down $0.80 during trading on Friday, hitting $59.57. 7,137,076 shares of the stock traded hands, compared to its average volume of 1,272,077. The firm's fifty day moving average is $60.28 and its 200-day moving average is $58.48. 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 52 week low of $48.69 and a 52 week high of $65.49. The stock has a market cap of $22.70 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 1.00 and a beta of 0.67.
W. R. Berkley (NYSE:WRB - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.01. W. R. Berkley had a return on equity of 20.41% and a net margin of 11.96%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the company earned $0.90 EPS. W. R. Berkley's revenue for the quarter was up 10.8% compared to the same quarter last year. Research analysts expect that W. R. Berkley Co. will post 3.95 EPS for the current fiscal year.
W. R. Berkley Announces Dividend
The business also recently declared 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 annualized dividend and a yield of 0.54%. W. R. Berkley's payout ratio is 8.20%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on W. R. Berkley from $57.00 to $63.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 22nd. Bank of America raised their price target on W. R. Berkley from $73.00 to $76.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Truist Financial raised 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. Keefe, Bruyette & Woods lowered their price target on W. R. Berkley from $59.00 to $58.00 and set a "market perform" rating on the stock in a report on Tuesday, October 22nd. Finally, Evercore ISI raised their price target on W. R. Berkley from $57.00 to $60.00 and gave the company an "in-line" rating in a report on Tuesday, October 22nd. One 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $63.74.
Check Out Our Latest Stock Report on WRB
W. R. Berkley Company Profile
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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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