GeoWealth Management LLC Increases Holdings in W. R. Berkley Co. (NYSE:WRB)

GeoWealth Management LLC raised its holdings in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 645.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,729 shares of the insurance provider's stock after acquiring an additional 4,095 shares during the quarter. GeoWealth Management LLC's holdings in W. R. Berkley were worth $277,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Barclays PLC increased its stake in W. R. Berkley by 78.6% in the third quarter. Barclays PLC now owns 1,469,608 shares of the insurance provider's stock valued at $83,372,000 after purchasing an additional 646,973 shares during the last quarter. Bard Financial Services Inc. raised its stake in W. R. Berkley by 50.0% during the 3rd quarter. Bard Financial Services Inc. now owns 7,590 shares of the insurance provider's stock worth $431,000 after acquiring an additional 2,530 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in W. R. Berkley in the third quarter valued at $88,000. World Investment Advisors LLC acquired a new position in W. R. Berkley in the third quarter valued at $1,709,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of W. R. Berkley during the third quarter worth about $98,000. Hedge funds and other institutional investors own 68.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WRB shares. Bank of America reissued a "neutral" rating and issued a $74.00 target price (up from $73.00) on shares of W. R. Berkley in a report on Tuesday, April 1st. Truist Financial boosted their price objective on W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Royal Bank of Canada restated a "sector perform" rating and set a $63.00 target price on shares of W. R. Berkley in a research report on Tuesday, January 28th. Wells Fargo & Company upped their price target on shares of W. R. Berkley from $69.00 to $70.00 and gave the company an "equal weight" rating in a research report on Tuesday. Finally, Barclays increased their price target on shares of W. R. Berkley from $52.00 to $62.00 and gave the stock an "underweight" rating in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $66.90.

W. R. Berkley Trading Up 5.2 %

NYSE WRB opened at $70.84 on Wednesday. W. R. Berkley Co. has a 52-week low of $50.73 and a 52-week high of $76.38. The firm has a 50-day moving average price of $64.86 and a 200 day moving average price of $61.55. The stock has a market capitalization of $26.86 billion, a P/E ratio of 16.24, 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 (NYSE:WRB - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The insurance provider reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.07). The business had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $3.01 billion. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. Equities research analysts expect that W. R. Berkley Co. will post 4.33 EPS for the current year.

W. R. Berkley Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.45%. W. R. Berkley's dividend payout ratio is presently 7.34%.

About W. R. Berkley

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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