Vinva Investment Management Ltd raised its holdings in shares of W. R. Berkley Co. (NYSE:WRB – Free Report) by 56.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,138 shares of the insurance provider’s stock after buying an additional 4,396 shares during the period. Vinva Investment Management Ltd’s holdings in W. R. Berkley were worth $686,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the stock. GSA Capital Partners LLP acquired a new position in shares of W. R. Berkley in the 3rd quarter valued at $732,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of W. R. Berkley by 53.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 737,472 shares of the insurance provider’s stock worth $41,837,000 after buying an additional 257,211 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of W. R. Berkley during the second quarter valued at approximately $4,801,000. Atria Investments Inc lifted its position in shares of W. R. Berkley by 49.9% in the 3rd quarter. Atria Investments Inc now owns 92,574 shares of the insurance provider’s stock valued at $5,252,000 after acquiring an additional 30,833 shares in the last quarter. Finally, Markel Group Inc. grew its position in W. R. Berkley by 50.0% during the 3rd quarter. Markel Group Inc. now owns 60,750 shares of the insurance provider’s stock worth $3,446,000 after purchasing an additional 20,250 shares in the last quarter. 68.82% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Barclays started coverage on W. R. Berkley in a report on Wednesday, September 4th. They issued an “underweight” rating and a $56.00 target price for the company. Wells Fargo & Company lifted their target price on W. R. Berkley from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada increased 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 report on Tuesday, October 22nd. UBS Group raised their price target on shares of W. R. Berkley from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of W. R. Berkley from a “hold” rating to a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $64.22.
W. R. Berkley Stock Down 0.6 %
WRB opened at $64.55 on Friday. W. R. Berkley Co. has a twelve month low of $45.75 and a twelve month high of $65.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36. The business has a 50 day moving average price of $59.41 and a 200 day moving average price of $56.90. The firm has a market cap of $24.60 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 1.25 and a beta of 0.62.
W. R. Berkley (NYSE:WRB – Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.01. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%. W. R. Berkley’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS. Research analysts forecast that W. R. Berkley Co. will post 3.94 EPS for the current year.
W. R. Berkley Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.50%. The ex-dividend date was Monday, September 23rd. W. R. Berkley’s dividend payout ratio is currently 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.
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