Victory Capital Management Inc. Has $53.51 Million Holdings in W. R. Berkley Co. (NYSE:WRB)

Victory Capital Management Inc. decreased its holdings in W. R. Berkley Co. (NYSE:WRB - Free Report) by 10.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 914,448 shares of the insurance provider's stock after selling 106,785 shares during the quarter. Victory Capital Management Inc. owned approximately 0.24% of W. R. Berkley worth $53,513,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Wedmont Private Capital increased its stake in W. R. Berkley by 2.3% during the fourth quarter. Wedmont Private Capital now owns 8,038 shares of the insurance provider's stock worth $456,000 after acquiring an additional 181 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of W. R. Berkley by 3.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,289 shares of the insurance provider's stock worth $310,000 after acquiring an additional 188 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of W. R. Berkley by 1.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 15,632 shares of the insurance provider's stock valued at $915,000 after buying an additional 235 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in W. R. Berkley by 1.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,631 shares of the insurance provider's stock valued at $773,000 after acquiring an additional 242 shares during the last quarter. Finally, PFS Partners LLC grew its stake in W. R. Berkley by 51.1% in the third quarter. PFS Partners LLC now owns 719 shares of the insurance provider's stock worth $41,000 after purchasing an additional 243 shares in the last quarter. 68.82% of the stock is currently owned by hedge funds and other institutional investors.

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W. R. Berkley Stock Up 0.6 %

WRB traded up $0.41 on Monday, reaching $62.97. 60,934 shares of the company traded hands, compared to its average volume of 1,660,352. The stock's 50 day moving average price is $59.98 and its 200-day moving average price is $59.65. The company has a market cap of $23.88 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 1.56 and a beta of 0.63. W. R. Berkley Co. has a 52-week low of $50.73 and a 52-week high of $65.49. 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 earnings results on Monday, January 27th. The insurance provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.18. W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. On average, sell-side analysts expect that W. R. Berkley Co. will post 4.33 EPS for the current fiscal year.

W. R. Berkley Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, March 3rd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Monday, March 3rd. W. R. Berkley's dividend payout ratio (DPR) is presently 7.34%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. StockNews.com lowered W. R. Berkley from a "buy" rating to a "hold" rating in a report on Monday. Keefe, Bruyette & Woods boosted their target price on shares of W. R. Berkley from $60.00 to $61.00 and gave the company a "market perform" rating in a research note on Tuesday, January 28th. Morgan Stanley started coverage on W. R. Berkley in a report on Thursday, December 5th. They issued an "equal weight" rating and a $65.00 price objective for the company. Wells Fargo & Company raised their price target on W. R. Berkley from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th. Finally, The Goldman Sachs Group upgraded shares of W. R. Berkley from a "neutral" rating to a "buy" rating and set a $69.00 target price for the company in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $64.36.

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.