Intech Investment Management LLC lowered its position in W. R. Berkley Co. (NYSE:WRB - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 221,608 shares of the insurance provider's stock after selling 13,208 shares during the period. Intech Investment Management LLC owned 0.06% of W. R. Berkley worth $12,968,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new position in W. R. Berkley in the fourth quarter worth approximately $35,000. Catalyst Capital Advisors LLC bought a new position in W. R. Berkley in the fourth quarter worth approximately $42,000. Brooklyn Investment Group bought a new position in W. R. Berkley in the third quarter worth approximately $48,000. Tortoise Investment Management LLC raised its stake in shares of W. R. Berkley by 69.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,313 shares of the insurance provider's stock worth $77,000 after purchasing an additional 540 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of W. R. Berkley in the fourth quarter worth approximately $79,000. Institutional investors own 68.82% of the company's stock.
W. R. Berkley Stock Performance
Shares of WRB traded down $0.38 on Friday, reaching $63.21. 4,177,646 shares of the company's stock traded hands, compared to its average volume of 1,657,789. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. The stock has a market cap of $23.97 billion, a PE ratio of 14.49, a PEG ratio of 1.56 and a beta of 0.63. The stock's 50 day simple moving average is $60.99 and its two-hundred day simple moving average is $59.92. W. R. Berkley Co. has a 52-week low of $50.73 and a 52-week high of $65.49.
W. R. Berkley (NYSE:WRB - Get Free Report) last released its earnings results on Monday, January 27th. The insurance provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.18. W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. On average, analysts forecast that W. R. Berkley Co. will post 4.33 earnings per share for the current fiscal year.
W. R. Berkley Dividend Announcement
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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Monday, March 3rd. W. R. Berkley's payout ratio is currently 7.34%.
Wall Street Analysts Forecast Growth
WRB has been the subject of several analyst reports. The Goldman Sachs Group raised W. R. Berkley from a "neutral" rating to a "buy" rating and set a $69.00 price objective for the company in a research note on Monday, November 25th. StockNews.com downgraded W. R. Berkley from a "buy" rating to a "hold" rating in a research note on Tuesday. Royal Bank of Canada reissued a "sector perform" rating and issued a $63.00 price objective on shares of W. R. Berkley in a research note on Tuesday, January 28th. Wells Fargo & Company increased their price objective on W. R. Berkley from $67.00 to $70.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 28th. Finally, Barclays increased their price objective on W. R. Berkley from $50.00 to $52.00 and gave the stock an "underweight" rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, W. R. Berkley presently has an average rating of "Hold" and a consensus target price of $64.36.
Read Our Latest Report on WRB
W. R. Berkley Profile
(
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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