RWA Wealth Partners LLC Buys New Position in W. R. Berkley Co. (NYSE:WRB)

RWA Wealth Partners LLC bought a new position in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,142 shares of the insurance provider's stock, valued at approximately $359,000.

Several other hedge funds have also recently added to or reduced their stakes in WRB. Schroder Investment Management Group grew its holdings in shares of W. R. Berkley by 42.4% in the 4th quarter. Schroder Investment Management Group now owns 440,273 shares of the insurance provider's stock worth $25,765,000 after acquiring an additional 131,059 shares during the last quarter. Allstate Corp purchased a new position in W. R. Berkley in the 4th quarter worth about $602,000. Maridea Wealth Management LLC acquired a new stake in W. R. Berkley during the 4th quarter worth about $429,000. Brown Brothers Harriman & Co. lifted its stake in W. R. Berkley by 23.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 6,886 shares of the insurance provider's stock valued at $403,000 after buying an additional 1,313 shares in the last quarter. Finally, DnB Asset Management AS boosted its holdings in shares of W. R. Berkley by 2.4% in the fourth quarter. DnB Asset Management AS now owns 60,566 shares of the insurance provider's stock worth $3,544,000 after buying an additional 1,435 shares during the period. Institutional investors and hedge funds own 68.82% of the company's stock.

W. R. Berkley Stock Down 6.8 %

NYSE:WRB traded down $4.76 during mid-day trading on Friday, reaching $65.53. The stock had a trading volume of 2,853,108 shares, compared to its average volume of 1,785,789. The stock has a market cap of $24.85 billion, a P/E ratio of 15.02, a PEG ratio of 1.56 and a beta of 0.40. The business's 50 day moving average is $62.79 and its 200 day moving average is $60.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36. W. R. Berkley Co. has a fifty-two week low of $50.73 and a fifty-two week high of $76.38.

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W. R. Berkley (NYSE:WRB - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The insurance provider reported $1.13 EPS for the quarter, topping the consensus estimate of $0.95 by $0.18. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. As a group, sell-side analysts predict that W. R. Berkley Co. will post 4.33 earnings per share for the current year.

W. R. Berkley Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were given a $0.08 dividend. 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 currently 7.34%.

Analyst Ratings Changes

Several equities research analysts recently commented on WRB shares. Barclays upped their price target on shares of W. R. Berkley from $50.00 to $52.00 and gave the company an "underweight" rating in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods increased their target price on W. R. Berkley from $60.00 to $61.00 and gave the company a "market perform" rating in a report on Tuesday, January 28th. Royal Bank of Canada reiterated a "sector perform" rating and set a $63.00 price target on shares of W. R. Berkley in a report on Tuesday, January 28th. Bank of America reissued a "neutral" rating and issued a $74.00 price objective (up from $73.00) on shares of W. R. Berkley in a research note on Tuesday, April 1st. Finally, Truist Financial lifted their target price on W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $65.13.

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.