LPL Financial LLC raised its position in W. R. Berkley Co. (NYSE:WRB - Free Report) by 2.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 335,549 shares of the insurance provider's stock after acquiring an additional 9,349 shares during the period. LPL Financial LLC owned approximately 0.09% of W. R. Berkley worth $19,636,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in W. R. Berkley in the 4th quarter valued at approximately $35,000. Catalyst Capital Advisors LLC acquired a new position in W. R. Berkley during the fourth quarter worth $42,000. Tortoise Investment Management LLC raised its position in 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 acquiring an additional 540 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in W. R. Berkley in the fourth quarter valued at $79,000. Finally, R Squared Ltd purchased a new stake in shares of W. R. Berkley during the 4th quarter worth $82,000. Hedge funds and other institutional investors own 68.82% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on WRB. Keefe, Bruyette & Woods raised 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 research note on Tuesday, January 28th. Barclays lifted their price target on shares of W. R. Berkley from $50.00 to $52.00 and gave the company an "underweight" rating in a research report on Tuesday, January 28th. Morgan Stanley assumed coverage on W. R. Berkley in a report on Thursday, December 5th. They issued an "equal weight" rating and a $65.00 price target on the stock. Wells Fargo & Company lifted their price objective on W. R. Berkley from $67.00 to $70.00 and gave the stock an "overweight" rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $63.00 target price 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 assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, W. R. Berkley has an average rating of "Hold" and an average target price of $65.13.
Get Our Latest Analysis on WRB
W. R. Berkley Trading Up 0.8 %
Shares of W. R. Berkley stock traded up $0.55 during trading hours on Thursday, reaching $70.30. 2,311,023 shares of the company's stock were exchanged, compared to its average volume of 1,779,139. The firm has a market capitalization of $26.66 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 1.56 and a beta of 0.40. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. W. R. Berkley Co. has a 52-week low of $50.73 and a 52-week high of $76.38. The company has a fifty day moving average of $62.37 and a 200-day moving average of $60.43.
W. R. Berkley (NYSE:WRB - Get Free Report) last issued its quarterly 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%. Sell-side analysts forecast that W. R. Berkley Co. will post 4.33 EPS for the current fiscal year.
W. R. Berkley Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.46%. W. R. Berkley's payout ratio is 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.
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