W. R. Berkley Co. (NYSE:WRB) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC grew its holdings in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 341,000 shares of the insurance provider's stock after purchasing an additional 4,973 shares during the quarter. Cerity Partners LLC owned approximately 0.09% of W. R. Berkley worth $19,903,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. FMR LLC boosted its holdings in shares of W. R. Berkley by 68.6% during the 3rd quarter. FMR LLC now owns 116,767 shares of the insurance provider's stock worth $6,624,000 after purchasing an additional 47,515 shares during the last quarter. Quantinno Capital Management LP lifted its position in W. R. Berkley by 105.4% during the third quarter. Quantinno Capital Management LP now owns 31,510 shares of the insurance provider's stock worth $1,788,000 after buying an additional 16,167 shares in the last quarter. Wellington Management Group LLP boosted its stake in W. R. Berkley by 22.9% during the third quarter. Wellington Management Group LLP now owns 753,191 shares of the insurance provider's stock worth $42,729,000 after buying an additional 140,396 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in W. R. Berkley by 112.8% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 23,833 shares of the insurance provider's stock valued at $1,352,000 after buying an additional 12,632 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of W. R. Berkley by 117.6% during the 3rd quarter. National Bank of Canada FI now owns 247,455 shares of the insurance provider's stock worth $14,038,000 after acquiring an additional 133,731 shares during the period. 68.82% of the stock is currently owned by institutional investors and hedge funds.

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W. R. Berkley Stock Up 1.6 %

WRB stock traded up $1.09 during midday trading on Monday, hitting $69.54. The company's stock had a trading volume of 323,652 shares, compared to its average volume of 1,800,784. W. R. Berkley Co. has a 52-week low of $50.73 and a 52-week high of $76.38. The firm has a 50-day simple moving average of $63.78 and a 200-day simple moving average of $61.01. 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 firm has a market capitalization of $26.37 billion, a P/E ratio of 15.94, a PEG ratio of 1.56 and a beta of 0.40.

W. R. Berkley (NYSE:WRB - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The insurance provider reported $1.13 EPS 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%. As a group, equities analysts forecast that W. R. Berkley Co. will post 4.33 EPS for the current year.

W. R. Berkley Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on WRB. 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. Barclays upped their price objective on W. R. Berkley from $52.00 to $62.00 and gave the company an "underweight" rating in a report on Friday. StockNews.com cut W. R. Berkley from a "buy" rating to a "hold" rating in a research note on Friday. Truist Financial increased their price target on W. R. Berkley from $68.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. Finally, Jefferies Financial Group boosted their price objective on shares of W. R. Berkley from $57.00 to $66.00 and gave the company a "hold" rating in a report on Friday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, W. R. Berkley presently has an average rating of "Hold" and a consensus price target of $66.59.

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.