New Age Alpha Advisors LLC bought a new stake in W. R. Berkley Co. (NYSE:WRB - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 19,730 shares of the insurance provider's stock, valued at approximately $1,155,000.
A number of other institutional investors have also made changes to their positions in WRB. Whipplewood Advisors LLC bought a new position in shares of W. R. Berkley during the 4th quarter worth approximately $35,000. Catalyst Capital Advisors LLC acquired a new position in W. R. Berkley in the fourth quarter valued at about $42,000. Crowley Wealth Management Inc. bought a new stake in W. R. Berkley during the fourth quarter worth about $59,000. Tortoise Investment Management LLC increased its holdings in shares of W. R. Berkley by 69.9% during the fourth quarter. Tortoise Investment Management LLC now owns 1,313 shares of the insurance provider's stock worth $77,000 after buying an additional 540 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of W. R. Berkley in the fourth quarter valued at approximately $79,000. 68.82% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
WRB has been the topic of a number of research analyst reports. StockNews.com lowered shares of W. R. Berkley from a "buy" rating to a "hold" rating in a report on Thursday. Morgan Stanley initiated coverage on W. R. Berkley in a research report on Thursday, December 5th. They issued an "equal weight" rating and a $65.00 price objective on the stock. Truist Financial raised their price target on W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a report on Thursday. Bank of America restated a "neutral" rating and issued a $74.00 price target (up from $73.00) on shares of W. R. Berkley in a research report on Tuesday. Finally, Keefe, Bruyette & Woods upped their price objective on W. R. Berkley from $60.00 to $61.00 and gave the company a "market perform" rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $65.13.
Get Our Latest Analysis on W. R. Berkley
W. R. Berkley Stock Up 0.8 %
W. R. Berkley stock traded up $0.55 during mid-day trading on Thursday, reaching $70.30. The company's stock had a trading volume of 2,311,054 shares, compared to its average volume of 1,779,139. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36. W. R. Berkley Co. has a 12 month low of $50.73 and a 12 month high of $76.38. The business's 50 day simple moving average is $62.37 and its 200 day simple moving average is $60.43. The company 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.
W. R. Berkley (NYSE:WRB - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The insurance provider reported $1.13 earnings per share for the quarter, beating 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%. As a group, research analysts anticipate that W. R. Berkley Co. will post 4.33 earnings per share for the current year.
W. R. Berkley Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Monday, March 3rd. W. R. Berkley's dividend payout ratio (DPR) is currently 7.34%.
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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