Intrepid Capital Management Inc. grew its position in W. R. Berkley Co. (NYSE:WRB - Free Report) by 34.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,412 shares of the insurance provider's stock after purchasing an additional 13,313 shares during the quarter. W. R. Berkley makes up about 1.5% of Intrepid Capital Management Inc.'s portfolio, making the stock its 16th largest position. Intrepid Capital Management Inc.'s holdings in W. R. Berkley were worth $3,009,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Wedmont Private Capital boosted its position in W. R. Berkley by 2.3% during the fourth quarter. Wedmont Private Capital now owns 8,038 shares of the insurance provider's stock valued at $456,000 after acquiring an additional 181 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of W. R. Berkley by 3.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,289 shares of the insurance provider's stock valued at $310,000 after purchasing an additional 188 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of W. R. Berkley by 1.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 15,632 shares of the insurance provider's stock valued at $915,000 after purchasing an additional 235 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in W. R. Berkley by 1.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,631 shares of the insurance provider's stock worth $773,000 after purchasing an additional 242 shares during the period. Finally, Private Advisor Group LLC increased its holdings in W. R. Berkley by 1.2% in the fourth quarter. Private Advisor Group LLC now owns 21,588 shares of the insurance provider's stock worth $1,263,000 after purchasing an additional 257 shares in the last quarter. 68.82% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have recently weighed in on WRB. StockNews.com lowered shares of W. R. Berkley from a "buy" rating to a "hold" rating in a research note on Thursday. Keefe, Bruyette & Woods upped their price objective on shares of W. R. Berkley from $60.00 to $61.00 and gave the company a "market perform" rating in a report on Tuesday, January 28th. Truist Financial increased their price objective on shares of W. R. Berkley from $68.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday. Wells Fargo & Company boosted their target price on W. R. Berkley from $67.00 to $70.00 and gave the company an "overweight" rating in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $63.00 price target on shares of W. R. Berkley in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $65.13.
Read Our Latest Stock Report on WRB
W. R. Berkley Stock Up 0.8 %
Shares of NYSE WRB traded up $0.55 during trading on Thursday, hitting $70.30. The stock had a trading volume of 2,311,054 shares, compared to its average volume of 1,779,244. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a fifty day moving average of $62.63 and a two-hundred day moving average of $60.49. W. R. Berkley Co. has a 12 month low of $50.73 and a 12 month high of $76.38. The company has a market capitalization of $26.66 billion, a PE ratio of 16.11, a PEG ratio of 1.56 and a beta of 0.40.
W. R. Berkley (NYSE:WRB - Get Free Report) last posted 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 net margin of 12.88% and a return on equity of 20.83%. As a group, equities research analysts forecast that W. R. Berkley Co. will post 4.33 EPS for the current fiscal year.
W. R. Berkley Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 0.46%. W. R. Berkley's dividend payout ratio is currently 7.34%.
W. R. Berkley Company 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.
Further Reading
Before you consider W. R. Berkley, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and W. R. Berkley wasn't on the list.
While W. R. Berkley currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
