Impact Capital Partners LLC bought a new position in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,352 shares of the insurance provider's stock, valued at approximately $840,000.
A number of other large investors also recently modified their holdings of WRB. HBK Sorce Advisory LLC acquired a new position in W. R. Berkley in the fourth quarter valued at approximately $818,000. Erste Asset Management GmbH lifted its holdings in W. R. Berkley by 12.2% in the fourth quarter. Erste Asset Management GmbH now owns 129,373 shares of the insurance provider's stock valued at $7,608,000 after buying an additional 14,023 shares during the period. Achmea Investment Management B.V. lifted its holdings in W. R. Berkley by 11.7% in the fourth quarter. Achmea Investment Management B.V. now owns 27,546 shares of the insurance provider's stock valued at $1,612,000 after buying an additional 2,888 shares during the period. Avantax Advisory Services Inc. lifted its holdings in W. R. Berkley by 2.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 18,527 shares of the insurance provider's stock valued at $1,084,000 after buying an additional 524 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in W. R. Berkley by 4.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 8,616 shares of the insurance provider's stock valued at $504,000 after buying an additional 355 shares during the period. 68.82% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on WRB. The Goldman Sachs Group upgraded shares of W. R. Berkley from a "neutral" rating to a "buy" rating and set a $69.00 price objective on the stock in a report on Monday, November 25th. Morgan Stanley began coverage on shares of W. R. Berkley in a report on Thursday, December 5th. They issued an "equal weight" rating and a $65.00 target price on the stock. StockNews.com lowered shares of W. R. Berkley from a "buy" rating to a "hold" rating in a report on Monday. Keefe, Bruyette & Woods increased their target price on shares of W. R. Berkley from $60.00 to $61.00 and gave the stock a "market perform" rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $63.00 target price on shares of W. R. Berkley in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $64.36.
Get Our Latest Stock Analysis on W. R. Berkley
W. R. Berkley Stock Down 0.6 %
W. R. Berkley stock opened at $61.62 on Thursday. The company has a market cap of $23.37 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 1.56 and a beta of 0.63. W. R. Berkley Co. has a 1-year low of $50.73 and a 1-year high of $65.49. The company has a fifty day simple moving average of $60.20 and a 200 day simple moving average of $59.72. The company has a current ratio of 0.36, a quick 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 results on Monday, January 27th. The insurance provider reported $1.13 EPS 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%. Research analysts anticipate that W. R. Berkley Co. will post 4.33 earnings per share for the current fiscal year.
W. R. Berkley Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Monday, March 3rd. W. R. Berkley's dividend payout ratio is currently 7.34%.
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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