W. R. Berkley Co. (NYSE:WRB) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its holdings in W. R. Berkley Co. (NYSE:WRB - Free Report) by 49.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,586 shares of the insurance provider's stock after purchasing an additional 14,748 shares during the quarter. TD Private Client Wealth LLC's holdings in W. R. Berkley were worth $2,529,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky lifted its holdings in W. R. Berkley by 10.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 17,993 shares of the insurance provider's stock valued at $1,021,000 after acquiring an additional 1,765 shares during the last quarter. Toronto Dominion Bank lifted its stake in W. R. Berkley by 2.0% during the 3rd quarter. Toronto Dominion Bank now owns 101,832 shares of the insurance provider's stock worth $5,777,000 after acquiring an additional 1,998 shares in the last quarter. Neo Ivy Capital Management purchased a new position in shares of W. R. Berkley in the third quarter valued at approximately $1,446,000. Coldstream Capital Management Inc. lifted its holdings in W. R. Berkley by 68.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,406 shares of the insurance provider's stock worth $423,000 after buying an additional 3,002 shares in the last quarter. 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 purchasing an additional 2,459,073 shares during the period. 68.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of W. R. Berkley from $73.00 to $76.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Jefferies Financial Group boosted their price objective on shares of W. R. Berkley from $53.00 to $57.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Wells Fargo & Company increased their price objective on W. R. Berkley from $63.00 to $68.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Truist Financial upped their target price on shares of W. R. Berkley from $64.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods dropped their price target on W. R. Berkley from $59.00 to $58.00 and set a "market perform" rating for the company in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, W. R. Berkley presently has a consensus rating of "Hold" and a consensus price target of $64.28.

W. R. Berkley Trading Down 0.6 %

NYSE:WRB traded down $0.39 during mid-day trading on Thursday, reaching $60.48. The company's stock had a trading volume of 1,208,355 shares, compared to its average volume of 1,743,706. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market cap of $23.05 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.21 and a beta of 0.65. W. R. Berkley Co. has a twelve month low of $45.75 and a twelve month high of $65.49. The company's fifty day simple moving average is $60.40 and its two-hundred day simple moving average is $57.48.

W. R. Berkley (NYSE:WRB - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The insurance provider reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.93 billion. During the same period in the previous year, the company posted $0.90 earnings per share. W. R. Berkley's revenue was up 10.8% compared to the same quarter last year. On average, equities analysts predict that W. R. Berkley Co. will post 3.96 EPS for the current year.

W. R. Berkley Dividend Announcement

The company also recently declared 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. This represents a $0.32 annualized dividend and a yield of 0.53%. The ex-dividend date is Monday, December 16th. W. R. Berkley's dividend payout ratio (DPR) is 8.20%.

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.