APG Asset Management N.V. Sells 458,860 Shares of W. R. Berkley Co. (NYSE:WRB)

APG Asset Management N.V. reduced its position in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 40.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 677,150 shares of the insurance provider's stock after selling 458,860 shares during the period. APG Asset Management N.V. owned approximately 0.18% of W. R. Berkley worth $38,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WRB. Advisory Services Network LLC boosted its stake in shares of W. R. Berkley by 49.7% in the fourth quarter. Advisory Services Network LLC now owns 59,902 shares of the insurance provider's stock valued at $3,505,000 after buying an additional 19,900 shares during the period. Applied Finance Capital Management LLC bought a new stake in shares of W. R. Berkley during the 4th quarter valued at $545,000. Renaissance Technologies LLC grew its holdings in shares of W. R. Berkley by 79.8% during the 4th quarter. Renaissance Technologies LLC now owns 130,047 shares of the insurance provider's stock worth $7,610,000 after purchasing an additional 57,700 shares in the last quarter. Bank of Nova Scotia increased its position in shares of W. R. Berkley by 366.3% in the fourth quarter. Bank of Nova Scotia now owns 217,535 shares of the insurance provider's stock worth $12,730,000 after purchasing an additional 170,888 shares during the period. Finally, Maren Capital LLC lifted its position in W. R. Berkley by 3.3% during the fourth quarter. Maren Capital LLC now owns 1,005,195 shares of the insurance provider's stock worth $58,824,000 after purchasing an additional 32,008 shares during the period. 68.82% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research firms have commented on WRB. Royal Bank of Canada reissued a "sector perform" rating and issued a $63.00 target price on shares of W. R. Berkley in a report on Tuesday, January 28th. Bank of America restated a "neutral" rating and set a $74.00 price objective (up from $73.00) on shares of W. R. Berkley in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods decreased their price target on W. R. Berkley from $64.00 to $62.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. 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 report on Thursday, April 3rd. Finally, Jefferies Financial Group increased their target price on shares of W. R. Berkley from $57.00 to $66.00 and gave the stock a "hold" rating in a report on Friday. One equities research 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. According to MarketBeat.com, W. R. Berkley presently has an average rating of "Hold" and a consensus price target of $66.59.

W. R. Berkley Trading Up 1.5 %

Shares of W. R. Berkley stock traded up $1.03 during midday trading on Monday, reaching $69.48. The company had a trading volume of 373,412 shares, compared to its average volume of 2,027,515. The stock has a fifty day moving average price of $63.78 and a 200 day moving average price of $61.01. W. R. Berkley Co. has a fifty-two week low of $50.73 and a fifty-two week high of $76.38. The firm has a market cap of $26.35 billion, a PE ratio of 15.92, a P/E/G ratio of 1.56 and a beta of 0.40. 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 posted its quarterly earnings data on Monday, January 27th. The insurance provider reported $1.13 EPS 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%. On average, equities analysts anticipate that W. R. Berkley Co. will post 4.33 earnings per share for the current year.

W. R. Berkley Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, March 3rd. W. R. Berkley's dividend payout ratio is 7.34%.

W. R. Berkley 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.