Mizuho Securities USA LLC Has $6.74 Million Holdings in W. R. Berkley Co. (NYSE:WRB)

Mizuho Securities USA LLC lifted its holdings in shares of W. R. Berkley Co. (NYSE:WRB) by 662.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,782 shares of the insurance provider’s stock after buying an additional 103,207 shares during the quarter. Mizuho Securities USA LLC’s holdings in W. R. Berkley were worth $6,739,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of WRB. Vanguard Group Inc. raised its position in shares of W. R. Berkley by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 24,439,361 shares of the insurance provider’s stock valued at $2,161,417,000 after acquiring an additional 195,763 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in W. R. Berkley by 0.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,553,875 shares of the insurance provider’s stock valued at $593,584,000 after purchasing an additional 54,530 shares during the last quarter. Principal Financial Group Inc. lifted its stake in W. R. Berkley by 211.3% in the third quarter. Principal Financial Group Inc. now owns 3,674,171 shares of the insurance provider’s stock valued at $208,436,000 after buying an additional 2,493,758 shares during the period. APG Asset Management N.V. boosted its holdings in W. R. Berkley by 3.5% during the second quarter. APG Asset Management N.V. now owns 2,698,311 shares of the insurance provider’s stock worth $197,838,000 after buying an additional 92,242 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of W. R. Berkley by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,037,599 shares of the insurance provider’s stock worth $160,128,000 after buying an additional 139,588 shares during the period. 68.82% of the stock is currently owned by institutional investors and hedge funds.

W. R. Berkley Price Performance

Shares of WRB opened at $60.74 on Friday. The company has a 50 day moving average of $58.46 and a 200-day moving average of $56.15. 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 stock has a market capitalization of $23.15 billion, a P/E ratio of 15.56, a P/E/G ratio of 1.20 and a beta of 0.62. W. R. Berkley Co. has a twelve month low of $45.75 and a twelve month high of $61.96.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings results on Monday, October 21st. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.01. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period in the previous year, the business earned $0.90 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. As a group, equities research analysts forecast that W. R. Berkley Co. will post 3.96 EPS for the current fiscal year.

W. R. Berkley Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were issued a dividend of $0.08 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.32 annualized dividend and a yield of 0.53%. W. R. Berkley’s payout ratio is presently 8.20%.

Analyst Ratings Changes

Several research firms recently weighed in on WRB. Wells Fargo & Company lifted their price objective on shares of W. R. Berkley from $63.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of W. R. Berkley from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Truist Financial lifted their target price on W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Barclays initiated coverage on W. R. Berkley in a report on Wednesday, September 4th. They issued an “underweight” rating and a $56.00 price target for the company. Finally, UBS Group boosted their price objective on W. R. Berkley from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $63.08.

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.