Kings Path Partners LLC acquired a new position in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 18,531 shares of the insurance provider's stock, valued at approximately $1,084,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Pensionfund Sabic boosted its stake in shares of W. R. Berkley by 20.3% during the 4th quarter. Pensionfund Sabic now owns 23,750 shares of the insurance provider's stock worth $1,390,000 after buying an additional 4,000 shares during the last quarter. Nordea Investment Management AB boosted its position in W. R. Berkley by 6.3% during the fourth quarter. Nordea Investment Management AB now owns 25,098 shares of the insurance provider's stock valued at $1,466,000 after purchasing an additional 1,479 shares during the last quarter. GAMMA Investing LLC grew its stake in W. R. Berkley by 32.9% in the fourth quarter. GAMMA Investing LLC now owns 7,627 shares of the insurance provider's stock valued at $446,000 after purchasing an additional 1,888 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of W. R. Berkley by 55.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,366,424 shares of the insurance provider's stock worth $417,897,000 after purchasing an additional 2,616,227 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of W. R. Berkley by 211.3% during 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 in the last quarter. Institutional investors and hedge funds own 68.82% of the company's stock.
W. R. Berkley Stock Performance
WRB stock traded down $0.75 during trading hours on Monday, hitting $57.18. 1,958,162 shares of the stock were exchanged, compared to its average volume of 1,652,963. W. R. Berkley Co. has a 12 month low of $47.59 and a 12 month high of $65.49. 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 firm has a market capitalization of $21.79 billion, a P/E ratio of 14.65, a P/E/G ratio of 1.17 and a beta of 0.67. The company has a 50-day simple moving average of $60.33 and a two-hundred day simple moving average of $58.20.
W. R. Berkley (NYSE:WRB - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The insurance provider reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.01. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%. W. R. Berkley's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the firm earned $0.90 earnings per share. On average, analysts forecast that W. R. Berkley Co. will post 3.96 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 Friday, December 27th. Investors of record on Monday, December 16th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Monday, December 16th. W. R. Berkley's dividend payout ratio (DPR) is currently 8.21%.
Analyst Ratings Changes
A number of equities analysts recently weighed in on WRB shares. Truist Financial boosted their target price on shares of W. R. Berkley from $64.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. StockNews.com cut shares of W. R. Berkley from a "buy" rating to a "hold" rating in a report on Wednesday, December 25th. Evercore ISI lifted their price target on W. R. Berkley from $57.00 to $60.00 and gave the stock an "in-line" rating in a report on Tuesday, October 22nd. Jefferies Financial Group upped their price objective on W. R. Berkley from $53.00 to $57.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods reduced their target price on W. R. Berkley from $59.00 to $58.00 and set a "market perform" rating for the company in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $63.82.
Get Our Latest Analysis on W. R. Berkley
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.
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