Quantinno Capital Management LP Increases Stock Holdings in W. R. Berkley Co. (NYSE:WRB)

Quantinno Capital Management LP increased its stake in W. R. Berkley Co. (NYSE:WRB - Free Report) by 105.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,510 shares of the insurance provider's stock after acquiring an additional 16,167 shares during the quarter. Quantinno Capital Management LP's holdings in W. R. Berkley were worth $1,788,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. grew its holdings in shares of W. R. Berkley by 51.0% during the third quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider's stock worth $35,000 after buying an additional 209 shares in the last quarter. PFS Partners LLC grew its holdings in shares of W. R. Berkley by 51.1% during the third quarter. PFS Partners LLC now owns 719 shares of the insurance provider's stock worth $41,000 after buying an additional 243 shares in the last quarter. Quarry LP purchased a new stake in shares of W. R. Berkley during the second quarter worth $42,000. Creative Financial Designs Inc. ADV grew its holdings in shares of W. R. Berkley by 108.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 801 shares of the insurance provider's stock worth $45,000 after buying an additional 416 shares in the last quarter. Finally, Kiely Wealth Advisory Group Inc. grew its holdings in shares of W. R. Berkley by 49.9% during the second quarter. Kiely Wealth Advisory Group Inc. now owns 580 shares of the insurance provider's stock worth $46,000 after buying an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 68.82% of the company's stock.

W. R. Berkley Trading Down 0.6 %

NYSE WRB traded down $0.39 during trading hours on Thursday, reaching $60.48. The company had a trading volume of 1,208,355 shares, compared to its average volume of 1,743,706. The stock has a 50-day moving average of $60.40 and a 200 day moving average of $57.48. W. R. Berkley Co. has a 1-year low of $45.75 and a 1-year 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 stock has a market capitalization of $23.05 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 1.21 and a beta of 0.65.

W. R. Berkley (NYSE:WRB - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.01. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%. The business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.93 billion. During the same quarter in the prior year, the company earned $0.90 earnings per share. The business's quarterly revenue was up 10.8% on a year-over-year basis. As a group, research analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.53%. W. R. Berkley's payout ratio is 8.20%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WRB. StockNews.com raised shares of W. R. Berkley from a "hold" rating to a "buy" rating in a report on Wednesday. Evercore ISI boosted their price target on shares of W. R. Berkley from $57.00 to $60.00 and gave the company an "in-line" rating in a research report on Tuesday, October 22nd. Bank of America boosted their price target on shares of W. R. Berkley from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Jefferies Financial Group boosted their price target on shares of W. R. Berkley from $53.00 to $57.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Finally, Truist Financial boosted their price target on shares of W. R. Berkley from $64.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, W. R. Berkley currently has a consensus rating of "Hold" and an average target price of $64.28.

W. R. Berkley Company Profile

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.