Tobam lessened its stake in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 24.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 69,905 shares of the insurance provider's stock after selling 22,119 shares during the period. W. R. Berkley accounts for about 1.3% of Tobam's portfolio, making the stock its 27th largest position. Tobam's holdings in W. R. Berkley were worth $4,091,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. State Street Corp increased its stake in W. R. Berkley by 48.6% in the 3rd quarter. State Street Corp now owns 15,121,001 shares of the insurance provider's stock valued at $857,814,000 after buying an additional 4,947,830 shares during the last quarter. Janus Henderson Group PLC grew its stake in W. R. Berkley by 51.0% in the 3rd quarter. Janus Henderson Group PLC now owns 11,321,958 shares of the insurance provider's stock valued at $642,294,000 after buying an additional 3,825,238 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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 worth $417,897,000 after acquiring an additional 2,616,227 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in W. R. Berkley by 211.3% during the 3rd quarter. Principal Financial Group Inc. now owns 3,674,171 shares of the insurance provider's stock worth $208,436,000 after purchasing an additional 2,493,758 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in W. R. Berkley by 47.9% in the 3rd quarter. Geode Capital Management LLC now owns 7,591,353 shares of the insurance provider's stock worth $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.
W. R. Berkley Stock Up 0.6 %
Shares of NYSE WRB traded up $0.38 during midday trading on Tuesday, hitting $61.20. The stock had a trading volume of 759,992 shares, compared to its average volume of 2,045,688. W. R. Berkley Co. has a 52 week low of $50.73 and a 52 week high of $65.49. The business's 50 day moving average is $59.46 and its 200-day moving average is $58.90. 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 $23.32 billion, a P/E ratio of 14.00, a PEG ratio of 1.59 and a beta of 0.67.
W. R. Berkley (NYSE:WRB - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The insurance provider reported $1.13 earnings per share for the quarter, beating 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%. As a group, analysts predict that W. R. Berkley Co. will post 4.35 EPS for the current year.
W. R. Berkley Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a dividend of $0.08 per share. The ex-dividend date was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.52%. W. R. Berkley's payout ratio is currently 7.33%.
Analyst Upgrades and Downgrades
WRB has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on W. R. Berkley from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th. StockNews.com lowered W. R. Berkley from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Truist Financial increased 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. Evercore ISI upped their price objective on shares of W. R. Berkley from $57.00 to $60.00 and gave the company an "in-line" rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley began coverage on W. R. Berkley in a research note on Thursday, December 5th. They set an "equal weight" rating and a $65.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, W. R. Berkley currently has a consensus rating of "Hold" and a consensus price target of $64.36.
Get Our Latest Research Report on WRB
W. R. Berkley Company Profile
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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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