Twin Capital Management Inc. lowered its position in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 23.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,099 shares of the insurance provider's stock after selling 5,354 shares during the period. Twin Capital Management Inc.'s holdings in W. R. Berkley were worth $1,001,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC purchased a new position in shares of W. R. Berkley during the fourth quarter valued at approximately $35,000. Catalyst Capital Advisors LLC purchased a new stake in W. R. Berkley during the 4th quarter valued at $42,000. Crowley Wealth Management Inc. bought a new position in shares of W. R. Berkley during the 4th quarter valued at $59,000. Tortoise Investment Management LLC boosted its stake in shares of W. R. Berkley by 69.9% in the 4th quarter. Tortoise Investment Management LLC now owns 1,313 shares of the insurance provider's stock worth $77,000 after buying an additional 540 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of W. R. Berkley in the fourth quarter worth $79,000. 68.82% of the stock is owned by institutional investors.
W. R. Berkley Price Performance
Shares of NYSE WRB traded up $1.42 during mid-day trading on Friday, reaching $68.53. The company's stock had a trading volume of 2,574,963 shares, compared to its average volume of 1,806,542. The stock has a fifty day moving average of $63.78 and a two-hundred day moving average of $61.01. The firm has a market capitalization of $25.99 billion, a PE ratio of 15.71, a P/E/G ratio of 1.56 and a beta of 0.40. W. R. Berkley Co. has a 52 week low of $50.73 and a 52 week high of $76.38. 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 (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 anticipate that W. R. Berkley Co. will post 4.33 EPS for the current fiscal year.
W. R. Berkley Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Monday, March 3rd. W. R. Berkley's payout ratio is 7.34%.
Wall Street Analyst Weigh In
WRB has been the topic of several research reports. StockNews.com cut W. R. Berkley from a "buy" rating to a "hold" rating in a research report on Friday. Truist Financial raised their price objective on shares of W. R. Berkley from $68.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $63.00 target price on shares of W. R. Berkley in a report on Tuesday, January 28th. Jefferies Financial Group lifted their price target on shares of W. R. Berkley from $57.00 to $66.00 and gave the stock a "hold" rating in a research note on Friday. Finally, Bank of America restated 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $66.59.
Check Out Our Latest Stock Analysis on WRB
W. R. Berkley Company Profile
(
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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