W. R. Berkley (NYSE:WRB - Free Report) had its price target hoisted by Keefe, Bruyette & Woods from $60.00 to $61.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a market perform rating on the insurance provider's stock.
Several other research firms have also recently commented on WRB. Truist Financial upped their price target on W. R. Berkley from $64.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, October 17th. Royal Bank of Canada increased their price objective on shares of W. R. Berkley from $57.00 to $63.00 and gave the company a "sector perform" rating in a research note on Tuesday, October 22nd. Barclays lowered their target price on shares of W. R. Berkley from $56.00 to $50.00 and set an "underweight" rating on the stock in a research note on Monday, January 6th. UBS Group lifted their price objective on W. R. Berkley from $67.00 to $69.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley initiated coverage on W. R. Berkley in a research note on Thursday, December 5th. They issued an "equal weight" rating and a $65.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, W. R. Berkley currently has a consensus rating of "Hold" and a consensus price target of $64.36.
View Our Latest Research Report on W. R. Berkley
W. R. Berkley Stock Performance
NYSE WRB traded up $0.11 during trading on Tuesday, hitting $59.31. The company's stock had a trading volume of 2,974,426 shares, compared to its average volume of 2,242,243. W. R. Berkley has a 52 week low of $50.73 and a 52 week high of $65.49. The firm has a market cap of $22.60 billion, a P/E ratio of 15.19, a price-to-earnings-growth ratio of 1.04 and a beta of 0.67. The firm has a 50 day moving average price of $60.10 and a 200 day moving average price of $58.39. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34.
W. R. Berkley (NYSE:WRB - Get Free Report) last released its earnings results on Monday, January 27th. The insurance provider reported $1.13 EPS for the quarter, beating the consensus estimate of $0.95 by $0.18. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%. Equities research analysts forecast that W. R. Berkley will post 3.95 earnings per share for the current fiscal year.
W. R. Berkley Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.54%. W. R. Berkley's dividend payout ratio (DPR) is currently 8.20%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of WRB. Entropy Technologies LP boosted its holdings in W. R. Berkley by 87.4% in the fourth quarter. Entropy Technologies LP now owns 35,366 shares of the insurance provider's stock valued at $2,070,000 after acquiring an additional 16,495 shares during the last quarter. Aurelius Family Office LLC bought a new position in shares of W. R. Berkley in the 4th quarter valued at about $878,000. Lecap Asset Management Ltd. acquired a new stake in shares of W. R. Berkley during the 4th quarter worth approximately $1,722,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of W. R. Berkley by 2.4% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,009 shares of the insurance provider's stock worth $1,990,000 after buying an additional 787 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in W. R. Berkley in the fourth quarter valued at approximately $1,062,000. 68.82% of the stock is currently owned by institutional investors.
About W. R. Berkley
(
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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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