Daymark Wealth Partners LLC Sells 482 Shares of W. R. Berkley Co. (NYSE:WRB)

Daymark Wealth Partners LLC reduced its stake in W. R. Berkley Co. (NYSE:WRB) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,145 shares of the insurance provider’s stock after selling 482 shares during the period. Daymark Wealth Partners LLC’s holdings in W. R. Berkley were worth $243,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wedmont Private Capital lifted its position in shares of W. R. Berkley by 2.3% during the 4th quarter. Wedmont Private Capital now owns 8,038 shares of the insurance provider’s stock valued at $456,000 after buying an additional 181 shares in the last quarter. Armstrong Advisory Group Inc. raised its stake in W. R. Berkley by 51.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 209 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in W. R. Berkley by 1.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,631 shares of the insurance provider’s stock valued at $773,000 after purchasing an additional 242 shares in the last quarter. PFS Partners LLC boosted its position 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 purchasing an additional 243 shares during the period. Finally, Raleigh Capital Management Inc. increased its stake in shares of W. R. Berkley by 45.6% in the third quarter. Raleigh Capital Management Inc. now owns 843 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 264 shares in the last quarter. 68.82% of the stock is currently owned by hedge funds and other institutional investors.

W. R. Berkley Trading Up 1.0 %

WRB opened at $57.51 on Friday. W. R. Berkley Co. has a 12 month low of $50.73 and a 12 month high of $65.49. 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 50-day moving average of $60.10 and a 200 day moving average of $58.67. The firm has a market cap of $21.91 billion, a P/E ratio of 14.73, a P/E/G ratio of 1.04 and a beta of 0.67.

W. R. Berkley Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 0.56%. W. R. Berkley’s payout ratio is presently 8.20%.

Analyst Upgrades and Downgrades

WRB has been the subject of a number of analyst reports. Bank of America increased their price target on W. R. Berkley from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Morgan Stanley initiated coverage on W. R. Berkley in a research note on Thursday, December 5th. They set an “equal weight” rating and a $65.00 target price on the stock. Truist Financial boosted their price target on W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. StockNews.com cut shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Finally, Royal Bank of Canada upped their target price on shares of W. R. Berkley from $57.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $63.74.

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.