Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of W. R. Berkley Co. (NYSE:WRB)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of W. R. Berkley Co. (NYSE:WRB). In a filing disclosed on April 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in W. R. Berkley stock on April 1st. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of PTC NASDAQ: PTC on 4/1/2025.
• Sold $15,001 - $50,000 in shares of GoDaddy NYSE: GDDY on 4/1/2025.
• Purchased $1,001 - $15,000 in shares of Ford Motor NYSE: F on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 3/31/2025.
• Purchased $1,001 - $15,000 in shares of Boeing NYSE: BA on 3/31/2025.
• Sold $1,001 - $15,000 in shares of Hologic NASDAQ: HOLX on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Merck & Co., Inc. NYSE: MRK on 3/31/2025.
• Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/31/2025.
• Sold $1,001 - $15,000 in shares of Viatris NASDAQ: VTRS on 3/31/2025.

W. R. Berkley Price Performance

WRB traded up $1.42 during trading on Friday, reaching $68.53. 2,574,963 shares of the company were exchanged, compared to its average volume of 1,806,542. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. The company has a market cap of $25.99 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 1.56 and a beta of 0.40. W. R. Berkley Co. has a 12-month low of $50.73 and a 12-month high of $76.38. The company's 50-day moving average is $63.78 and its two-hundred day moving average is $61.01.

W. R. Berkley (NYSE:WRB - Get Free Report) last posted its earnings results on Monday, January 27th. The insurance provider reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.18. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. Research analysts forecast that W. R. Berkley Co. will post 4.33 earnings per share for the current fiscal year.

W. R. Berkley Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, March 3rd. W. R. Berkley's dividend payout ratio (DPR) is presently 7.34%.

Institutional Investors Weigh In On W. R. Berkley

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of W. R. Berkley by 48.6% in the third quarter. State Street Corp now owns 15,121,001 shares of the insurance provider's stock worth $857,814,000 after purchasing an additional 4,947,830 shares during the last quarter. Norges Bank bought a new stake in shares of W. R. Berkley in the 4th quarter worth approximately $272,582,000. JPMorgan Chase & Co. increased its stake in shares of W. R. Berkley by 55.1% during the third quarter. JPMorgan Chase & Co. now owns 7,366,424 shares of the insurance provider's stock valued at $417,897,000 after buying an additional 2,616,227 shares during the period. Principal Financial Group Inc. lifted its stake in W. R. Berkley by 211.3% in the third quarter. Principal Financial Group Inc. now owns 3,674,171 shares of the insurance provider's stock worth $208,436,000 after acquiring an additional 2,493,758 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in W. R. Berkley by 47.9% in the third quarter. Geode Capital Management LLC now owns 7,591,353 shares of the insurance provider's stock valued at $429,266,000 after acquiring an additional 2,459,073 shares in the last quarter. Institutional investors own 68.82% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods reduced their target price on W. R. Berkley from $64.00 to $62.00 and set a "market perform" rating for the company in a research report on Wednesday. Bank of America reaffirmed a "neutral" rating and issued a $74.00 target price (up from $73.00) on shares of W. R. Berkley in a research note on Tuesday, April 1st. StockNews.com cut shares of W. R. Berkley from a "buy" rating to a "hold" rating in a research note on Friday. Truist Financial raised their price objective on shares of W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company lowered shares of W. R. Berkley from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $70.00 to $69.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, W. R. Berkley presently has a consensus rating of "Hold" and a consensus price target of $66.59.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.