Centaurus Financial Inc. raised its stake in W. R. Berkley Co. (NYSE:WRB – Free Report) by 47.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,465 shares of the insurance provider’s stock after purchasing an additional 5,983 shares during the quarter. Centaurus Financial Inc.’s holdings in W. R. Berkley were worth $1,048,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MJP Associates Inc. ADV raised its stake in shares of 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 valued at $386,000 after purchasing an additional 188 shares during the period. Atria Investments Inc lifted its position in 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. increased its holdings in shares of 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 worth $46,000 after buying an additional 193 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of W. R. Berkley by 0.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 39,857 shares of the insurance provider’s stock valued at $3,132,000 after buying an additional 202 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its holdings in shares of 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 acquiring an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 68.82% of the company’s stock.
Wall Street Analyst Weigh In
WRB has been the topic of a number of research reports. Bank of America raised their price target on W. R. Berkley from $73.00 to $76.00 and gave the company a “buy” rating in a research report 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 for the company in a research note on Monday. StockNews.com downgraded shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods cut their price objective on shares of W. R. Berkley from $59.00 to $58.00 and set a “market perform” rating for the company in a research note on Tuesday, October 22nd. Finally, Truist Financial lifted their target price on shares of W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $64.22.
W. R. Berkley Trading Up 1.3 %
Shares of NYSE WRB opened at $63.06 on Tuesday. W. R. Berkley Co. has a 1-year low of $45.75 and a 1-year high of $63.46. The stock has a market capitalization of $24.03 billion, a P/E ratio of 16.16, a PEG ratio of 1.20 and a beta of 0.62. 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 business’s 50 day moving average is $58.85 and its two-hundred day moving average is $56.60.
W. R. Berkley (NYSE:WRB – Get Free Report) last released its quarterly earnings data on Monday, October 21st. The insurance provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.01. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. As a group, research analysts expect that W. R. Berkley Co. will post 3.94 EPS for the current year.
W. R. Berkley Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.32 annualized dividend and a dividend yield of 0.51%. W. R. Berkley’s dividend payout ratio (DPR) is presently 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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