841 Shares in W. R. Berkley Co. (NYSE:WRB) Bought by Brooklyn Investment Group

by · The Markets Daily

Brooklyn Investment Group bought a new stake in W. R. Berkley Co. (NYSE:WRB – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 841 shares of the insurance provider’s stock, valued at approximately $48,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. MJP Associates Inc. ADV lifted its holdings in W. R. Berkley by 4.0% in the second quarter. MJP Associates Inc. ADV now owns 4,915 shares of the insurance provider’s stock valued at $386,000 after acquiring an additional 188 shares during the period. Atria Investments Inc lifted its holdings in W. R. Berkley by 0.4% in the first quarter. Atria Investments Inc now owns 50,637 shares of the insurance provider’s stock valued at $4,478,000 after acquiring an additional 189 shares during the period. Kiely Wealth Advisory Group Inc. lifted its holdings in W. R. Berkley by 49.9% in the second quarter. Kiely Wealth Advisory Group Inc. now owns 580 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 193 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in 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 acquiring an additional 202 shares during the period. Finally, Armstrong Advisory Group Inc. lifted its holdings in W. R. Berkley by 51.0% in the third quarter. Armstrong Advisory Group Inc. now owns 619 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 209 shares during the period. Institutional investors and hedge funds own 68.82% of the company’s stock.

W. R. Berkley Stock Down 0.6 %

WRB opened at $64.57 on Friday. 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 $24.61 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 1.25 and a beta of 0.62. The business has a 50-day moving average of $59.41 and a two-hundred day moving average of $56.87. W. R. Berkley Co. has a 12 month low of $45.75 and a 12 month high of $65.49.

W. R. Berkley (NYSE:WRB – Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The insurance provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.92 by $0.01. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.93 billion. W. R. Berkley had a return on equity of 20.41% and a net margin of 11.96%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 EPS. On average, research analysts expect that W. R. Berkley Co. will post 3.94 earnings per share 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 issued 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 (DPR) is 8.20%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WRB shares. Wells Fargo & Company lifted their price target on W. R. Berkley from $63.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. StockNews.com raised W. R. Berkley from a “hold” rating to a “buy” rating in a research note on Friday. Royal Bank of Canada lifted their price target on 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. Evercore ISI lifted their price target 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. Finally, Barclays started coverage on W. R. Berkley in a research note on Wednesday, September 4th. They set an “underweight” rating and a $56.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, W. R. Berkley presently has an average rating of “Hold” and a consensus target price of $64.22.

Read Our Latest Research Report on W. R. Berkley

W. R. Berkley Company Profile

(Free Report)

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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