Insight Inv LLC Has $1.74 Million Stake in W. R. Berkley Co. (NYSE:WRB)

Insight Inv LLC increased its holdings in W. R. Berkley Co. (NYSE:WRB - Free Report) by 49.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,706 shares of the insurance provider's stock after acquiring an additional 10,211 shares during the quarter. Insight Inv LLC's holdings in W. R. Berkley were worth $1,742,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. State Street Corp boosted its position in W. R. Berkley by 48.6% during the 3rd quarter. State Street Corp now owns 15,121,001 shares of the insurance provider's stock valued at $857,814,000 after purchasing an additional 4,947,830 shares during the period. Janus Henderson Group PLC grew its position in shares of W. R. Berkley by 51.0% during the third quarter. Janus Henderson Group PLC now owns 11,321,958 shares of the insurance provider's stock worth $642,294,000 after acquiring an additional 3,825,238 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of W. R. Berkley by 0.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,553,875 shares of the insurance provider's stock worth $593,584,000 after acquiring an additional 54,530 shares during the period. The Manufacturers Life Insurance Company boosted its stake in W. R. Berkley by 104.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,154,783 shares of the insurance provider's stock valued at $235,701,000 after purchasing an additional 2,118,641 shares during the period. Finally, Principal Financial Group Inc. grew its position in W. R. Berkley by 211.3% in the 3rd quarter. Principal Financial Group Inc. now owns 3,674,171 shares of the insurance provider's stock worth $208,436,000 after purchasing an additional 2,493,758 shares during the last quarter. Institutional investors and hedge funds own 68.82% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on WRB shares. Truist Financial increased their price objective on W. R. Berkley from $64.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. UBS Group lifted their price objective on shares of W. R. Berkley from $67.00 to $69.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Royal Bank of Canada upped their price target on shares of W. R. Berkley from $57.00 to $63.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 22nd. Evercore ISI upped their target price on W. R. Berkley from $57.00 to $60.00 and gave the stock an "in-line" rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company increased their price target on W. R. Berkley from $63.00 to $68.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. One 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 company currently has an average rating of "Hold" and an average price target of $64.28.

W. R. Berkley Stock Down 1.5 %

Shares of WRB stock traded down $0.93 on Tuesday, reaching $61.11. 639,958 shares of the company's stock traded hands, compared to its average volume of 1,741,414. The business's 50 day moving average price is $60.19 and its two-hundred day moving average price is $57.38. The company has a market capitalization of $23.29 billion, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 1.21 and a beta of 0.65. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36. W. R. Berkley Co. has a 12-month low of $45.75 and a 12-month high of $65.49.

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 analysts' consensus estimates of $0.92 by $0.01. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same period in the prior year, the firm earned $0.90 earnings per share. The firm's revenue was up 10.8% compared to the same quarter last year. On average, equities analysts forecast that W. R. Berkley Co. will post 3.96 earnings per share for the current year.

W. R. Berkley Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 16th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Monday, December 16th. W. R. Berkley's dividend payout ratio (DPR) is presently 8.20%.

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.