OLD Mission Capital LLC bought a new stake in W. R. Berkley Co. (NYSE:WRB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 32,012 shares of the insurance provider's stock, valued at approximately $1,873,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Whipplewood Advisors LLC purchased a new position in shares of W. R. Berkley in the 4th quarter worth $35,000. Catalyst Capital Advisors LLC bought a new position in shares of W. R. Berkley in the 4th quarter valued at about $42,000. Crowley Wealth Management Inc. purchased a new position in W. R. Berkley in the fourth quarter worth about $59,000. Tortoise Investment Management LLC increased its stake in 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 acquiring an additional 540 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in W. R. Berkley during the fourth quarter valued at approximately $79,000. 68.82% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Morgan Stanley assumed coverage on W. R. Berkley in a report on Thursday, December 5th. They set an "equal weight" rating and a $65.00 price target on the stock. Royal Bank of Canada reissued a "sector perform" rating and issued a $63.00 target price on shares of W. R. Berkley in a research note on Tuesday, January 28th. Bank of America reaffirmed a "neutral" rating and set a $74.00 price target (up from $73.00) on shares of W. R. Berkley in a research note on Tuesday. StockNews.com lowered shares of W. R. Berkley from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Truist Financial boosted their target price on W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $65.13.
View Our Latest Report on W. R. Berkley
W. R. Berkley Stock Down 6.8 %
NYSE WRB traded down $4.76 on Friday, reaching $65.53. 2,853,108 shares of the stock traded hands, compared to its average volume of 1,785,628. W. R. Berkley Co. has a 12 month low of $50.73 and a 12 month high of $76.38. The company has a market cap of $24.85 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 1.56 and a beta of 0.40. The company has a fifty day moving average price of $62.63 and a 200-day moving average price of $60.49. 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 (NYSE:WRB - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The insurance provider reported $1.13 earnings per share for the quarter, beating the consensus estimate 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 forecast that W. R. Berkley Co. will post 4.33 EPS for the current fiscal year.
W. R. Berkley Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.49%. W. R. Berkley's dividend payout ratio is presently 7.34%.
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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