Lecap Asset Management Ltd. purchased a new stake in W. R. Berkley Co. (NYSE:WRB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 29,432 shares of the insurance provider's stock, valued at approximately $1,722,000.
Other institutional investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. boosted its holdings in W. R. Berkley by 51.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider's stock worth $35,000 after acquiring an additional 209 shares during the period. PFS Partners LLC grew its stake in shares of W. R. Berkley by 51.1% during the third quarter. PFS Partners LLC now owns 719 shares of the insurance provider's stock valued at $41,000 after acquiring an additional 243 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of W. R. Berkley by 108.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 801 shares of the insurance provider's stock worth $45,000 after acquiring an additional 416 shares during the last quarter. Coastline Trust Co purchased a new position in W. R. Berkley in the third quarter valued at about $47,000. Finally, Raleigh Capital Management Inc. grew its stake in W. R. Berkley by 45.6% during the 3rd quarter. Raleigh Capital Management Inc. now owns 843 shares of the insurance provider's stock valued at $48,000 after purchasing an additional 264 shares in the last quarter. 68.82% of the stock is currently owned by hedge funds and other institutional investors.
W. R. Berkley Price Performance
Shares of WRB stock traded up $0.36 during trading hours on Tuesday, reaching $61.18. The company's stock had a trading volume of 804,595 shares, compared to its average volume of 2,047,048. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. 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 market capitalization of $23.31 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.59 and a beta of 0.67. The firm's 50 day simple moving average is $59.46 and its 200-day simple moving average is $58.90.
W. R. Berkley (NYSE:WRB - Get Free Report) last posted its earnings results on Monday, January 27th. The insurance provider reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.18. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. Sell-side analysts forecast that W. R. Berkley Co. will post 4.35 earnings per share for the current year.
W. R. Berkley Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.52%. The ex-dividend date was Monday, December 16th. W. R. Berkley's dividend payout ratio (DPR) is currently 7.33%.
Wall Street Analysts Forecast Growth
WRB has been the subject of several recent research reports. StockNews.com lowered shares of W. R. Berkley from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Morgan Stanley assumed coverage on W. R. Berkley in a report on Thursday, December 5th. They set an "equal weight" rating and a $65.00 price target on the stock. UBS Group upped their price target on W. R. Berkley from $67.00 to $69.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Barclays raised their price objective on shares of W. R. Berkley from $50.00 to $52.00 and gave the stock an "underweight" rating in a research note on Tuesday, January 28th. Finally, The Goldman Sachs Group upgraded W. R. Berkley from a "neutral" rating to a "buy" rating and set a $69.00 price objective for the company in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $64.36.
View Our Latest Analysis 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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