Huntington National Bank Purchases 1,341 Shares of W. R. Berkley Co. (NYSE:WRB)

Huntington National Bank lifted its holdings in W. R. Berkley Co. (NYSE:WRB) by 623.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,556 shares of the insurance provider’s stock after buying an additional 1,341 shares during the period. Huntington National Bank’s holdings in W. R. Berkley were worth $88,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of W. R. Berkley by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 24,439,361 shares of the insurance provider’s stock valued at $2,161,417,000 after acquiring an additional 195,763 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of W. R. Berkley by 0.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,553,875 shares of the insurance provider’s stock worth $593,584,000 after purchasing an additional 54,530 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of W. R. Berkley by 211.3% in 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 purchasing an additional 2,493,758 shares during the period. APG Asset Management N.V. lifted its stake in shares of W. R. Berkley by 3.5% during the 2nd quarter. APG Asset Management N.V. now owns 2,698,311 shares of the insurance provider’s stock valued at $197,838,000 after buying an additional 92,242 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in W. R. Berkley by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,037,599 shares of the insurance provider’s stock worth $160,128,000 after buying an additional 139,588 shares during the period. 68.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on WRB shares. Truist Financial increased their target price on W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Evercore ISI raised their target price on W. R. Berkley from $57.00 to $60.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods reduced their target price on W. R. Berkley from $59.00 to $58.00 and set a “market perform” rating for the company in a report on Tuesday, October 22nd. Jefferies Financial Group increased their price target on shares of W. R. Berkley from $53.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, StockNews.com raised shares of W. R. Berkley from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, W. R. Berkley presently has a consensus rating of “Hold” and an average target price of $63.08.

W. R. Berkley Trading Up 0.1 %

NYSE WRB opened at $60.83 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36. W. R. Berkley Co. has a fifty-two week low of $45.75 and a fifty-two week high of $61.96. The stock has a market cap of $23.18 billion, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 1.21 and a beta of 0.62. The stock has a 50 day simple moving average of $58.46 and a two-hundred day simple moving average of $56.21.

W. R. Berkley (NYSE:WRB) last released its quarterly earnings results on Monday, October 21st. The insurance provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.01. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the previous year, the business posted $0.90 earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts forecast that W. R. Berkley Co. will post 3.96 earnings per share for the current year.

W. R. Berkley Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.32 annualized dividend and a yield of 0.53%. W. R. Berkley’s dividend payout ratio (DPR) is presently 8.21%.

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.