Fairman Group LLC Sells 17,000 Shares of W. R. Berkley Co. (NYSE:WRB)

Fairman Group LLC trimmed its holdings in W. R. Berkley Co. (NYSE:WRB) by 24.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,087 shares of the insurance provider’s stock after selling 17,000 shares during the quarter. W. R. Berkley accounts for about 2.6% of Fairman Group LLC’s portfolio, making the stock its 7th biggest holding. Fairman Group LLC’s holdings in W. R. Berkley were worth $3,107,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WRB. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of W. R. Berkley by 563.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,196 shares of the insurance provider’s stock valued at $125,000 after purchasing an additional 1,865 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in W. R. Berkley by 83.7% during the third quarter. Valeo Financial Advisors LLC now owns 4,722 shares of the insurance provider’s stock valued at $268,000 after buying an additional 2,152 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of W. R. Berkley by 50.0% in the third quarter. Ritholtz Wealth Management now owns 7,632 shares of the insurance provider’s stock worth $433,000 after buying an additional 2,543 shares during the period. Exchange Traded Concepts LLC increased its position in shares of W. R. Berkley by 98.6% in the third quarter. Exchange Traded Concepts LLC now owns 15,397 shares of the insurance provider’s stock worth $873,000 after acquiring an additional 7,645 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its holdings in shares of W. R. Berkley by 52.3% during the third quarter. Koshinski Asset Management Inc. now owns 4,109 shares of the insurance provider’s stock valued at $233,000 after acquiring an additional 1,411 shares during the period. Institutional investors own 68.82% of the company’s stock.

W. R. Berkley Price Performance

Shares of NYSE:WRB opened at $61.22 on Wednesday. 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 stock has a market capitalization of $23.33 billion, a P/E ratio of 14.03, a P/E/G ratio of 1.59 and a beta of 0.67. The business has a 50-day moving average of $59.46 and a two-hundred day moving average of $58.90. W. R. Berkley Co. has a fifty-two week low of $50.73 and a fifty-two week high of $65.49.

W. R. Berkley (NYSE:WRB) last released its quarterly earnings results on Monday, January 27th. The insurance provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.18. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. On average, equities research analysts predict that W. R. Berkley Co. will post 4.35 EPS for the current fiscal year.

W. R. Berkley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. W. R. Berkley’s payout ratio is 7.33%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WRB shares. StockNews.com cut shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Truist Financial lifted their price target on W. R. Berkley from $64.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Evercore ISI increased their price objective 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. The Goldman Sachs Group raised W. R. Berkley from a “neutral” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Monday, November 25th. Finally, Wells Fargo & Company raised their price target on shares of W. R. Berkley from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $64.36.

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.