KBC Group NV grew its holdings in W. R. Berkley Co. (NYSE:WRB – Free Report) by 50.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 111,362 shares of the insurance provider’s stock after acquiring an additional 37,270 shares during the period. KBC Group NV’s holdings in W. R. Berkley were worth $6,318,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. MJP Associates Inc. ADV grew its holdings in W. R. Berkley by 4.0% during the 2nd quarter. MJP Associates Inc. ADV now owns 4,915 shares of the insurance provider’s stock worth $386,000 after acquiring an additional 188 shares during the last quarter. Atria Investments Inc grew its stake in shares of W. R. Berkley by 0.4% during the first quarter. Atria Investments Inc now owns 50,637 shares of the insurance provider’s stock valued at $4,478,000 after purchasing an additional 189 shares during the last quarter. Kiely Wealth Advisory Group Inc. grew its stake in shares of W. R. Berkley by 49.9% during the second 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. Envestnet Portfolio Solutions Inc. increased its holdings in shares of W. R. Berkley by 0.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 39,857 shares of the insurance provider’s stock valued at $3,132,000 after purchasing an additional 202 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its holdings 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 buying an additional 209 shares in the last quarter. 68.82% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on WRB. UBS Group boosted their target price on W. R. Berkley from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Truist Financial boosted their price objective on W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Evercore ISI raised their target price on shares of W. R. Berkley from $57.00 to $60.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada boosted their price target on shares of W. R. Berkley from $57.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group raised their price objective on shares of W. R. Berkley from $53.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $63.08.
W. R. Berkley Stock Performance
Shares of W. R. Berkley stock opened at $60.74 on Monday. The stock’s fifty day simple moving average is $58.46 and its 200 day simple moving average is $56.18. 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 company has a market capitalization of $23.15 billion, a PE ratio of 15.56, a PEG ratio of 1.21 and a beta of 0.62. W. R. Berkley Co. has a 12 month low of $45.75 and a 12 month high of $61.96.
W. R. Berkley (NYSE:WRB – Get Free Report) last released its quarterly earnings results on Monday, October 21st. The insurance provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01. W. R. Berkley had a return on equity of 20.41% and a net margin of 11.96%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter last year, the firm posted $0.90 earnings per share. W. R. Berkley’s revenue was up 10.8% compared to the same quarter last year. On average, research analysts predict that W. R. Berkley Co. will post 3.96 EPS for the current year.
W. R. Berkley Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Monday, September 23rd. W. R. Berkley’s dividend payout ratio is 8.20%.
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.
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