Financial Strategies Group Inc. increased its position in W. R. Berkley Co. (NYSE:WRB - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,327 shares of the insurance provider's stock after buying an additional 4,363 shares during the quarter. W. R. Berkley accounts for approximately 1.6% of Financial Strategies Group Inc.'s holdings, making the stock its 20th biggest holding. Financial Strategies Group Inc.'s holdings in W. R. Berkley were worth $6,766,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. State Street Corp boosted its holdings in W. R. Berkley by 48.6% in the third quarter. State Street Corp now owns 15,121,001 shares of the insurance provider's stock valued at $857,814,000 after acquiring an additional 4,947,830 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in W. R. Berkley by 51.0% in the third quarter. Janus Henderson Group PLC now owns 11,321,958 shares of the insurance provider's stock valued at $642,294,000 after acquiring an additional 3,825,238 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in W. R. Berkley by 55.1% in the third quarter. JPMorgan Chase & Co. now owns 7,366,424 shares of the insurance provider's stock valued at $417,897,000 after acquiring an additional 2,616,227 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in W. R. Berkley by 211.3% in the third quarter. Principal Financial Group Inc. now owns 3,674,171 shares of the insurance provider's stock valued at $208,436,000 after acquiring an additional 2,493,758 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in W. R. Berkley by 47.9% in the third quarter. Geode Capital Management LLC now owns 7,591,353 shares of the insurance provider's stock valued at $429,266,000 after acquiring an additional 2,459,073 shares in the last quarter. 68.82% of the stock is owned by hedge funds and other institutional investors.
W. R. Berkley Stock Performance
Shares of W. R. Berkley stock traded up $0.59 during trading on Thursday, hitting $61.44. 1,462,183 shares of the company's stock traded hands, compared to its average volume of 2,153,887. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36. W. R. Berkley Co. has a 1 year low of $50.73 and a 1 year high of $65.49. The stock has a market capitalization of $23.41 billion, a P/E ratio of 14.08, a PEG ratio of 1.52 and a beta of 0.67. The business has a 50-day simple moving average of $59.65 and a 200-day simple moving average of $58.67.
W. R. Berkley (NYSE:WRB - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The insurance provider reported $1.13 EPS for the quarter, beating the consensus estimate 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, analysts forecast that W. R. Berkley Co. will post 4.35 EPS for the current year.
W. R. Berkley Dividend Announcement
The firm 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 was Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. W. R. Berkley's dividend payout ratio (DPR) is presently 7.33%.
Analysts Set New Price Targets
Several research firms recently weighed in on WRB. Jefferies Financial Group lifted their price target on shares of W. R. Berkley from $53.00 to $57.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Truist Financial raised their price objective on W. R. Berkley from $64.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Morgan Stanley started coverage on W. R. Berkley in a research report on Thursday, December 5th. They set an "equal weight" rating and a $65.00 price objective for the company. Royal Bank of Canada reissued a "sector perform" rating and set a $63.00 price objective on shares of W. R. Berkley in a research report on Tuesday, January 28th. Finally, Evercore ISI raised their price objective on W. R. Berkley from $57.00 to $60.00 and gave the company an "in-line" rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $64.36.
View Our Latest Stock Report on WRB
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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