W. R. Berkley Co. (NYSE:WRB) Shares Bought by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC raised its holdings in shares of W. R. Berkley Co. (NYSE:WRBFree Report) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,502 shares of the insurance provider’s stock after acquiring an additional 172 shares during the period. Eagle Bay Advisors LLC’s holdings in W. R. Berkley were worth $248,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Morgan Stanley boosted its holdings in W. R. Berkley by 4.2% in the third quarter. Morgan Stanley now owns 13,065,224 shares of the insurance provider’s stock valued at $829,511,000 after purchasing an additional 529,817 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in W. R. Berkley by 4.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,819,124 shares of the insurance provider’s stock valued at $432,946,000 after acquiring an additional 302,212 shares during the period. Victory Capital Management Inc. boosted its position in W. R. Berkley by 2.7% in the 4th quarter. Victory Capital Management Inc. now owns 5,793,764 shares of the insurance provider’s stock worth $409,735,000 after purchasing an additional 154,468 shares in the last quarter. Northern Trust Corp grew its stake in shares of W. R. Berkley by 5.2% during the 3rd quarter. Northern Trust Corp now owns 2,001,848 shares of the insurance provider’s stock worth $127,097,000 after purchasing an additional 98,500 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of W. R. Berkley by 7.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,933,712 shares of the insurance provider’s stock valued at $136,749,000 after purchasing an additional 138,276 shares in the last quarter. 68.82% of the stock is owned by hedge funds and other institutional investors.

W. R. Berkley Price Performance

Shares of WRB stock traded up $0.22 during trading hours on Tuesday, reaching $78.83. The company had a trading volume of 825,220 shares, compared to its average volume of 1,239,101. W. R. Berkley Co. has a 12-month low of $55.50 and a 12-month high of $89.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market capitalization of $20.15 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.51 and a beta of 0.60. The stock has a fifty day moving average of $82.94 and a 200-day moving average of $77.63.

W. R. Berkley (NYSE:WRBGet Free Report) last issued its earnings results on Tuesday, April 23rd. The insurance provider reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.77 billion. W. R. Berkley had a return on equity of 20.51% and a net margin of 12.23%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company earned $1.00 EPS. On average, equities analysts anticipate that W. R. Berkley Co. will post 5.85 earnings per share for the current year.

W. R. Berkley Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, March 4th were paid a $0.11 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.56%. W. R. Berkley’s dividend payout ratio (DPR) is 7.80%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group upped their price objective on shares of W. R. Berkley from $81.00 to $93.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Royal Bank of Canada cut their price objective on W. R. Berkley from $88.00 to $86.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 24th. The Goldman Sachs Group boosted their price target on shares of W. R. Berkley from $86.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Truist Financial dropped their target price on shares of W. R. Berkley from $95.00 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Finally, BMO Capital Markets decreased their price target on shares of W. R. Berkley from $93.00 to $87.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 24th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, W. R. Berkley has a consensus rating of “Moderate Buy” and an average target price of $90.38.

View Our Latest Analysis on WRB

W. R. Berkley Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for W. R. Berkley (NYSE:WRB)

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