Fox Run Management L.L.C. boosted its holdings in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 546.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,059 shares of the insurance provider's stock after purchasing an additional 22,026 shares during the quarter. Fox Run Management L.L.C.'s holdings in W. R. Berkley were worth $1,525,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of WRB. State Street Corp lifted its holdings in shares of 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 acquiring an additional 4,947,830 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of 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 purchasing an additional 3,825,238 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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. JPMorgan Chase & Co. increased its position in shares of W. R. Berkley by 55.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,366,424 shares of the insurance provider's stock valued at $417,897,000 after purchasing an additional 2,616,227 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in W. R. Berkley by 104.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,154,783 shares of the insurance provider's stock valued at $235,701,000 after buying an additional 2,118,641 shares during the period. Institutional investors own 68.82% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Morgan Stanley began coverage on shares of W. R. Berkley in a research report on Thursday, December 5th. They set an "equal weight" rating and a $65.00 price objective on the stock. StockNews.com raised shares of W. R. Berkley from a "hold" rating to a "buy" rating in a research report on Wednesday. Wells Fargo & Company boosted their target price on W. R. Berkley from $67.00 to $70.00 and gave the company an "overweight" rating in a research report on Tuesday, January 28th. Royal Bank of Canada reissued a "sector perform" rating and set a $63.00 price target on shares of W. R. Berkley in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods upped their price objective on W. R. Berkley from $60.00 to $61.00 and gave the company a "market perform" rating in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, W. R. Berkley has an average rating of "Hold" and a consensus price target of $64.36.
Check Out Our Latest Analysis on W. R. Berkley
W. R. Berkley Stock Up 1.2 %
NYSE:WRB traded up $0.80 during trading hours on Wednesday, reaching $65.22. The company's stock had a trading volume of 1,339,910 shares, compared to its average volume of 1,652,507. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market capitalization of $24.73 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 1.56 and a beta of 0.63. The stock has a 50 day moving average price of $61.24 and a two-hundred day moving average price of $59.99. W. R. Berkley Co. has a 12 month low of $50.73 and a 12 month high of $65.49.
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, topping analysts' consensus estimates of $0.95 by $0.18. W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. Equities analysts predict that W. R. Berkley Co. will post 4.33 EPS for the current fiscal year.
W. R. Berkley Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.49%. W. R. Berkley's dividend payout ratio (DPR) is presently 7.34%.
W. R. Berkley 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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