W. R. Berkley Co. (NYSE:WRB) Shares Sold by Claro Advisors LLC

Claro Advisors LLC reduced its position in W. R. Berkley Co. (NYSE:WRB) by 53.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,162 shares of the insurance provider’s stock after selling 4,815 shares during the quarter. Claro Advisors LLC’s holdings in W. R. Berkley were worth $236,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of WRB. West Paces Advisors Inc. boosted its position in shares of W. R. Berkley by 12.7% in the 1st quarter. West Paces Advisors Inc. now owns 1,228 shares of the insurance provider’s stock worth $109,000 after buying an additional 138 shares in the last quarter. MJP Associates Inc. ADV boosted its position in shares of W. R. Berkley by 4.0% in the 2nd quarter. MJP Associates Inc. ADV now owns 4,915 shares of the insurance provider’s stock worth $386,000 after buying an additional 188 shares in the last quarter. Atria Investments Inc boosted its position in shares of W. R. Berkley by 0.4% in the 1st quarter. Atria Investments Inc now owns 50,637 shares of the insurance provider’s stock worth $4,478,000 after buying an additional 189 shares in the last quarter. Kiely Wealth Advisory Group Inc. raised its stake in W. R. Berkley by 49.9% in the 2nd quarter. Kiely Wealth Advisory Group Inc. now owns 580 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 193 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its stake in W. R. Berkley by 15.9% in the 1st quarter. AdvisorNet Financial Inc now owns 1,436 shares of the insurance provider’s stock valued at $127,000 after purchasing an additional 197 shares during the last quarter. 68.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. StockNews.com downgraded shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Bank of America boosted their target price on shares of W. R. Berkley from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Truist Financial boosted their target price on shares of W. R. Berkley from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday. Barclays assumed coverage on shares of W. R. Berkley in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $56.00 target price for the company. Finally, UBS Group boosted their target price on shares of W. R. Berkley from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, W. R. Berkley currently has a consensus rating of “Hold” and an average price target of $61.64.

W. R. Berkley Stock Up 0.4 %

WRB opened at $61.26 on Monday. The firm has a 50 day moving average price of $58.16 and a 200 day moving average price of $55.52. The company has a market cap of $23.49 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.07 and a beta of 0.62. W. R. Berkley Co. has a 1 year low of $41.82 and a 1 year high of $61.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.38 and a current ratio of 0.38.

W. R. Berkley (NYSE:WRB) last posted its earnings results on Monday, July 22nd. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.12. The firm had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $2.84 billion. W. R. Berkley had a net margin of 12.05% and a return on equity of 21.34%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS. Sell-side analysts expect that W. R. Berkley Co. will post 4.02 earnings per share for the current year.

W. R. Berkley Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Monday, September 23rd. W. R. Berkley’s dividend payout ratio (DPR) is presently 8.51%.

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.