W. R. Berkley Co. (NYSE:WRB) Stock Position Raised by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its position in W. R. Berkley Co. (NYSE:WRB - Free Report) by 33.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,289 shares of the insurance provider's stock after buying an additional 6,786 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in W. R. Berkley were worth $1,609,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. lifted its holdings in W. R. Berkley by 51.0% in the third quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider's stock valued at $35,000 after acquiring an additional 209 shares during the period. PFS Partners LLC increased its position in 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. Creative Financial Designs Inc. ADV grew its holdings in W. R. Berkley by 108.1% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 801 shares of the insurance provider's stock valued at $45,000 after buying an additional 416 shares during the period. Coastline Trust Co purchased a new stake in W. R. Berkley in the 3rd quarter valued at about $47,000. Finally, Brooklyn Investment Group purchased a new stake in W. R. Berkley in the 3rd quarter valued at about $48,000. 68.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WRB has been the subject of a number of research reports. Truist Financial boosted their target price on W. R. Berkley from $64.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Morgan Stanley began coverage on shares of W. R. Berkley in a research report on Thursday, December 5th. They issued an "equal weight" rating and a $65.00 price objective for the company. Wells Fargo & Company raised their target price on shares of W. R. Berkley from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $63.00 price target on shares of W. R. Berkley in a research report on Tuesday, January 28th. Finally, UBS Group upped their price target on shares of W. R. Berkley from $67.00 to $69.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $64.36.

W. R. Berkley Stock Performance

WRB traded down $1.10 on Friday, hitting $60.39. 1,432,742 shares of the company's stock were exchanged, compared to its average volume of 1,999,581. W. R. Berkley Co. has a twelve month low of $50.73 and a twelve 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 cap of $23.01 billion, a PE ratio of 13.84, a P/E/G ratio of 1.59 and a beta of 0.67. The stock has a fifty day moving average of $59.31 and a two-hundred day moving average of $58.98.

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 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%. On average, research analysts anticipate that W. R. Berkley Co. will post 4.35 earnings per share for the current fiscal year.

W. R. Berkley Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, December 16th. W. R. Berkley's payout ratio is 7.33%.

About W. R. Berkley

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.