Quadrant Capital Group LLC Sells 234 Shares of W. R. Berkley Co. (NYSE:WRB)

Quadrant Capital Group LLC decreased its holdings in W. R. Berkley Co. (NYSE:WRB) by 6.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,361 shares of the insurance provider’s stock after selling 234 shares during the period. Quadrant Capital Group LLC’s holdings in W. R. Berkley were worth $197,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of W. R. Berkley in the 4th quarter worth $272,582,000. JPMorgan Chase & Co. raised its holdings in W. R. Berkley by 55.1% in the third quarter. JPMorgan Chase & Co. now owns 7,366,424 shares of the insurance provider’s stock worth $417,897,000 after purchasing an additional 2,616,227 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of W. R. Berkley by 211.3% during 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 last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 in the last quarter. Finally, Madison Investment Advisors LLC purchased a new position in shares of W. R. Berkley in the 4th quarter worth approximately $98,446,000. Institutional investors own 68.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on WRB shares. Wells Fargo & Company raised their target price on shares of W. R. Berkley from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Truist Financial boosted their target price on W. R. Berkley from $68.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 3rd. Bank of America reiterated a “neutral” rating and issued a $74.00 price target (up from $73.00) on shares of W. R. Berkley in a research note on Tuesday, April 1st. StockNews.com lowered W. R. Berkley from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $63.00 price objective on shares of W. R. Berkley in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $65.13.

W. R. Berkley Trading Up 1.5 %

NYSE WRB opened at $65.27 on Wednesday. W. R. Berkley Co. has a 1 year low of $50.73 and a 1 year high of $76.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market capitalization of $24.75 billion, a PE ratio of 14.96, a P/E/G ratio of 1.56 and a beta of 0.40. The company has a fifty day moving average of $63.14 and a 200 day moving average of $60.71.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings data on Monday, January 27th. The insurance provider reported $1.13 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that W. R. Berkley Co. will post 4.33 earnings per share for the current year.

W. R. Berkley Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.49%. W. R. Berkley’s payout ratio is 7.34%.

About W. R. Berkley

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.