KBC Group NV reduced its stake in W. R. Berkley Co. (NYSE:WRB - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,516 shares of the insurance provider's stock after selling 5,846 shares during the quarter. KBC Group NV's holdings in W. R. Berkley were worth $6,175,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. grew its position in shares of W. R. Berkley by 51.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider's stock worth $35,000 after purchasing an additional 209 shares in the last quarter. PFS Partners LLC grew its position in shares of W. R. Berkley by 51.1% during the 3rd quarter. PFS Partners LLC now owns 719 shares of the insurance provider's stock worth $41,000 after purchasing an additional 243 shares in the last quarter. Quarry LP acquired a new position in shares of W. R. Berkley during the 2nd quarter worth approximately $42,000. Creative Financial Designs Inc. ADV grew its position in shares of W. R. Berkley by 108.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 801 shares of the insurance provider's stock worth $45,000 after purchasing an additional 416 shares in the last quarter. Finally, Coastline Trust Co acquired a new position in shares of W. R. Berkley during the 3rd quarter worth approximately $47,000. 68.82% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently issued reports on WRB shares. Royal Bank of Canada reiterated a "sector perform" rating and set a $63.00 price target on shares of W. R. Berkley in a research report on Tuesday. Evercore ISI increased their price target on shares of 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. Barclays increased their price target on shares of W. R. Berkley from $50.00 to $52.00 and gave the stock an "underweight" rating in a research report on Tuesday. The Goldman Sachs Group upgraded shares of W. R. Berkley from a "neutral" rating to a "buy" rating and set a $69.00 price target on the stock in a research report on Monday, November 25th. Finally, Wells Fargo & Company increased their price target on shares of W. R. Berkley from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $64.36.
Read Our Latest Stock Analysis on W. R. Berkley
W. R. Berkley Stock Performance
Shares of W. R. Berkley stock opened at $59.29 on Friday. W. R. Berkley Co. has a fifty-two week low of $50.73 and a fifty-two week high of $65.49. 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 market capitalization of $22.59 billion, a P/E ratio of 15.19, a P/E/G ratio of 1.04 and a beta of 0.67. The company's 50 day moving average price is $60.01 and its two-hundred day moving average price is $58.48.
W. R. Berkley (NYSE:WRB - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The insurance provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.18. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%. On average, equities analysts forecast that W. R. Berkley Co. will post 3.95 earnings per share for the current fiscal year.
W. R. Berkley Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Monday, December 16th. W. R. Berkley's payout ratio is currently 8.20%.
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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