Wealth Quarterback LLC Has $601,000 Position in W. R. Berkley Co. (NYSE:WRB)

Wealth Quarterback LLC trimmed its position in W. R. Berkley Co. (NYSE:WRB) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,268 shares of the insurance provider’s stock after selling 982 shares during the quarter. Wealth Quarterback LLC’s holdings in W. R. Berkley were worth $601,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp raised its stake in W. R. Berkley by 48.6% in the third quarter. State Street Corp now owns 15,121,001 shares of the insurance provider’s stock valued at $857,814,000 after purchasing an additional 4,947,830 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of W. R. Berkley by 51.0% in the third quarter. Janus Henderson Group PLC now owns 11,321,958 shares of the insurance provider’s stock valued at $642,294,000 after buying an additional 3,825,238 shares during the period. Geode Capital Management LLC raised its holdings in W. R. Berkley by 47.9% in the 3rd quarter. Geode Capital Management LLC now owns 7,591,353 shares of the insurance provider’s stock valued at $429,266,000 after buying an additional 2,459,073 shares during the last quarter. JPMorgan Chase & Co. boosted its position in W. R. Berkley by 55.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,366,424 shares of the insurance provider’s stock worth $417,897,000 after buying an additional 2,616,227 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in W. R. Berkley by 104.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,154,783 shares of the insurance provider’s stock valued at $235,701,000 after acquiring an additional 2,118,641 shares during the period. Institutional investors and hedge funds own 68.82% of the company’s stock.

W. R. Berkley Price Performance

WRB opened at $60.39 on Monday. W. R. Berkley Co. has a twelve month low of $50.73 and a twelve month high of $65.49. The company has a market capitalization of $23.01 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 1.59 and a beta of 0.67. 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 firm has a 50-day moving average price of $59.26 and a 200-day moving average price of $59.08.

W. R. Berkley (NYSE:WRB) last issued its earnings results on Monday, January 27th. The insurance provider reported $1.13 EPS for the quarter, topping the consensus estimate of $0.95 by $0.18. W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. Equities analysts expect that W. R. Berkley Co. will post 4.35 EPS for the current year.

W. R. Berkley Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, December 16th. W. R. Berkley’s dividend payout ratio is 7.33%.

Analyst Ratings Changes

Several research analysts recently issued reports on WRB shares. Morgan Stanley started coverage on W. R. Berkley in a research report on Thursday, December 5th. They set an “equal weight” rating and a $65.00 target price for the company. UBS Group upped their target price on W. R. Berkley from $67.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their price target on shares of W. R. Berkley from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods increased their price objective on shares of W. R. Berkley from $60.00 to $61.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 28th. Finally, StockNews.com raised shares of W. R. Berkley from a “hold” rating to a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.36.

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.