W. R. Berkley Co. (NYSE:WRB) Stock Holdings Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in shares of W. R. Berkley Co. (NYSE:WRB - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,421,032 shares of the insurance provider's stock after buying an additional 43,940 shares during the period. Hsbc Holdings PLC owned 0.37% of W. R. Berkley worth $83,130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Whipplewood Advisors LLC acquired a new stake in shares of W. R. Berkley during the 4th quarter worth approximately $35,000. Catalyst Capital Advisors LLC acquired a new stake in W. R. Berkley in the fourth quarter worth $42,000. Crowley Wealth Management Inc. bought a new stake in W. R. Berkley in the fourth quarter valued at $59,000. Tortoise Investment Management LLC boosted its holdings in shares of W. R. Berkley by 69.9% during the fourth quarter. Tortoise Investment Management LLC now owns 1,313 shares of the insurance provider's stock valued at $77,000 after acquiring an additional 540 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of W. R. Berkley in the 4th quarter worth about $79,000. Institutional investors and hedge funds own 68.82% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Truist Financial boosted their target price on shares of W. R. Berkley from $68.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. StockNews.com downgraded W. R. Berkley from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. Jefferies Financial Group raised their target price on W. R. Berkley from $57.00 to $66.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Bank of America reiterated a "neutral" rating and set a $74.00 price target (up previously from $73.00) on shares of W. R. Berkley in a research report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods increased their price target on W. R. Berkley from $62.00 to $65.00 and gave the stock a "market perform" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, W. R. Berkley presently has a consensus rating of "Hold" and an average price target of $66.90.

W. R. Berkley Price Performance

Shares of W. R. Berkley stock opened at $71.25 on Thursday. W. R. Berkley Co. has a 52 week low of $50.73 and a 52 week high of $76.38. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. The stock has a market cap of $27.03 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.56 and a beta of 0.40. The company's 50-day moving average price is $65.07 and its two-hundred day moving average price is $61.61.

W. R. Berkley (NYSE:WRB - Get Free Report) last released its earnings results on Monday, April 21st. The insurance provider reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.08 by ($0.07). The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.01 billion. W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were given a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.45%. W. R. Berkley's dividend payout ratio (DPR) is presently 7.42%.

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.

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