CHB Investment Group LLC Invests $2.88 Million in W. R. Berkley Co. (NYSE:WRB)

CHB Investment Group LLC bought a new position in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 50,771 shares of the insurance provider's stock, valued at approximately $2,880,000. W. R. Berkley comprises about 1.5% of CHB Investment Group LLC's holdings, making the stock its 26th biggest position.

Other large investors have also recently modified their holdings of the company. Wedmont Private Capital grew its stake in shares of W. R. Berkley by 3.0% during the 1st quarter. Wedmont Private Capital now owns 4,768 shares of the insurance provider's stock worth $399,000 after acquiring an additional 137 shares during the period. West Paces Advisors Inc. lifted its stake in W. R. Berkley by 12.7% during the first quarter. West Paces Advisors Inc. now owns 1,228 shares of the insurance provider's stock worth $109,000 after purchasing an additional 138 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC boosted its stake in W. R. Berkley by 5.8% in the first quarter. Hutchens & Kramer Investment Management Group LLC now owns 3,166 shares of the insurance provider's stock worth $277,000 after buying an additional 174 shares in the last quarter. MJP Associates Inc. ADV grew its holdings in shares of W. R. Berkley by 4.0% during the 2nd quarter. MJP Associates Inc. ADV now owns 4,915 shares of the insurance provider's stock valued at $386,000 after purchasing an additional 188 shares during the last quarter. Finally, Atria Investments Inc increased its holdings in shares of W. R. Berkley by 0.4% in the first quarter. Atria Investments Inc now owns 50,637 shares of the insurance provider's stock worth $4,478,000 after buying an additional 189 shares during the period. Institutional investors own 68.82% of the company's stock.

W. R. Berkley Trading Up 0.4 %

W. R. Berkley stock traded up $0.22 during trading hours on Friday, reaching $61.26. 7,724,275 shares of the company's stock traded hands, compared to its average volume of 1,793,264. W. R. Berkley Co. has a fifty-two week low of $41.82 and a fifty-two week high of $61.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.38 and a current ratio of 0.38. The firm has a market capitalization of $23.49 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 1.07 and a beta of 0.62. The firm's 50 day moving average is $58.08 and its 200-day moving average is $55.54.

W. R. Berkley (NYSE:WRB - Get Free Report) last announced its quarterly earnings data on Monday, July 22nd. The insurance provider reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.12. W. R. Berkley had a net margin of 12.05% and a return on equity of 21.34%. The business had revenue of $3.31 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the firm posted $1.14 earnings per share. The firm's revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts predict that W. R. Berkley Co. will post 4.02 earnings per share for the current year.

W. R. Berkley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Monday, September 23rd. W. R. Berkley's payout ratio is presently 8.51%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. StockNews.com cut W. R. Berkley from a "buy" rating to a "hold" rating in a research report on Thursday, October 3rd. Jefferies Financial Group boosted their target price on shares of W. R. Berkley from $53.00 to $57.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. TD Cowen started coverage on shares of W. R. Berkley in a report on Monday, July 1st. They issued a "buy" rating and a $68.67 price objective on the stock. Truist Financial boosted their price target on W. R. Berkley from $64.00 to $68.00 and gave the company a "buy" rating in a report on Thursday. Finally, Barclays initiated coverage on shares of W. R. Berkley in a research report on Wednesday, September 4th. They set an "underweight" rating and a $56.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $61.64.

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.