Citizens National Bank Trust Department grew its holdings in W. R. Berkley Co. (NYSE:WRB - Free Report) by 44.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,610 shares of the insurance provider's stock after buying an additional 10,095 shares during the quarter. Citizens National Bank Trust Department's holdings in W. R. Berkley were worth $1,850,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its position in W. R. Berkley by 6.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,464 shares of the insurance provider's stock worth $660,000 after buying an additional 429 shares during the period. J.W. Cole Advisors Inc. acquired a new position in W. R. Berkley during the first quarter worth $249,000. Private Advisor Group LLC boosted its position in W. R. Berkley by 5.4% during the first quarter. Private Advisor Group LLC now owns 14,704 shares of the insurance provider's stock worth $1,300,000 after purchasing an additional 748 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in W. R. Berkley by 25.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,959 shares of the insurance provider's stock valued at $3,269,000 after purchasing an additional 7,477 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of W. R. Berkley by 3.4% in the first quarter. Janney Montgomery Scott LLC now owns 163,470 shares of the insurance provider's stock valued at $14,457,000 after buying an additional 5,341 shares in the last quarter. 68.82% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages recently commented on WRB. Wells Fargo & Company increased their price objective on shares of W. R. Berkley from $63.00 to $68.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. Barclays assumed coverage on shares of W. R. Berkley in a research note on Wednesday, September 4th. They set an "underweight" rating and a $56.00 price objective for the company. UBS Group upped their target price on W. R. Berkley from $67.00 to $69.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. StockNews.com downgraded W. R. Berkley from a "buy" rating to a "hold" rating in a research report on Thursday, October 3rd. Finally, Jefferies Financial Group increased their price objective on W. R. Berkley from $53.00 to $57.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $63.08.
View Our Latest Stock Report on W. R. Berkley
W. R. Berkley Trading Up 0.1 %
W. R. Berkley stock traded up $0.03 during trading on Monday, reaching $57.53. The company had a trading volume of 1,349,769 shares, compared to its average volume of 1,804,264. 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 $21.89 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 1.13 and a beta of 0.62. W. R. Berkley Co. has a 12-month low of $44.88 and a 12-month high of $61.96. The stock's 50 day moving average price is $58.35 and its two-hundred day moving average price is $55.74.
W. R. Berkley (NYSE:WRB - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The insurance provider reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.01. W. R. Berkley had a return on equity of 20.91% and a net margin of 11.96%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the firm posted $0.90 EPS. The business's revenue for the quarter was up 10.8% on a year-over-year basis. As a group, equities analysts expect that W. R. Berkley Co. will post 3.96 earnings per share for the current fiscal year.
W. R. Berkley Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Monday, September 23rd. W. R. Berkley's dividend payout ratio is currently 8.20%.
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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