Coastline Trust Co bought a new position in shares of W. R. Berkley Co. (NYSE:WRB – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 821 shares of the insurance provider’s stock, valued at approximately $47,000.
Other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. raised its position in shares of W. R. Berkley by 51.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 209 shares in the last quarter. PFS Partners LLC increased its stake in shares of W. R. Berkley by 51.1% in the third quarter. PFS Partners LLC now owns 719 shares of the insurance provider’s stock worth $41,000 after buying an additional 243 shares during the last quarter. Quarry LP acquired a new stake in W. R. Berkley in the second quarter valued at $42,000. Creative Financial Designs Inc. ADV boosted its stake in W. R. Berkley by 108.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 801 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 416 shares during the last quarter. Finally, Kiely Wealth Advisory Group Inc. grew its holdings in W. R. Berkley by 49.9% during the 2nd quarter. Kiely Wealth Advisory Group Inc. now owns 580 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 193 shares in the last quarter. Institutional investors and hedge funds own 68.82% of the company’s stock.
Analyst Ratings Changes
WRB has been the topic of a number of recent analyst reports. Evercore ISI upped their target price on shares of W. R. Berkley from $57.00 to $60.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group increased their target price on W. R. Berkley from $53.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. StockNews.com upgraded W. R. Berkley from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Barclays began coverage on shares of W. R. Berkley in a research report on Wednesday, September 4th. They issued an “underweight” rating and a $56.00 price target on the stock. Finally, Truist Financial increased their price target on W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $63.08.
W. R. Berkley Price Performance
Shares of WRB opened at $60.74 on Friday. The firm has a market capitalization of $23.15 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 1.20 and a beta of 0.62. The stock’s fifty day moving average is $58.46 and its 200-day moving average is $56.15. W. R. Berkley Co. has a one year low of $45.75 and a one year high of $61.96. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36.
W. R. Berkley (NYSE:WRB – Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The insurance provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01. W. R. Berkley had a return on equity of 20.41% and a net margin of 11.96%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the previous year, the business earned $0.90 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. Equities analysts anticipate that W. R. Berkley Co. will post 3.96 EPS for the current year.
W. R. Berkley Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.53%. W. R. Berkley’s dividend payout ratio (DPR) is presently 8.20%.
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.
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