W. R. Berkley Co. (NYSE:WRB) Shares Bought by Resources Management Corp CT ADV

Resources Management Corp CT ADV grew its position in shares of W. R. Berkley Co. (NYSE:WRB) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,356 shares of the insurance provider’s stock after acquiring an additional 736 shares during the quarter. Resources Management Corp CT ADV’s holdings in W. R. Berkley were worth $1,207,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of Montreal Can raised its stake in shares of W. R. Berkley by 10.8% during the second quarter. Bank of Montreal Can now owns 227,389 shares of the insurance provider’s stock valued at $18,437,000 after purchasing an additional 22,150 shares in the last quarter. Public Sector Pension Investment Board raised its position in W. R. Berkley by 6.4% in the second quarter. Public Sector Pension Investment Board now owns 34,132 shares of the insurance provider’s stock worth $2,682,000 after acquiring an additional 2,060 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in W. R. Berkley by 61.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,079 shares of the insurance provider’s stock worth $635,000 after purchasing an additional 3,083 shares in the last quarter. Fidelis Capital Partners LLC increased its stake in W. R. Berkley by 71.0% in the 2nd quarter. Fidelis Capital Partners LLC now owns 4,107 shares of the insurance provider’s stock worth $323,000 after purchasing an additional 1,705 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its stake in W. R. Berkley by 1.4% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,929,931 shares of the insurance provider’s stock worth $151,654,000 after purchasing an additional 26,464 shares in the last quarter. 68.82% of the stock is currently owned by institutional investors.

W. R. Berkley Stock Up 0.6 %

Shares of WRB stock opened at $57.44 on Tuesday. W. R. Berkley Co. has a 12 month low of $41.37 and a 12 month high of $61.28. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.36. The firm has a market cap of $22.03 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 1.05 and a beta of 0.62. The stock has a 50 day moving average of $56.82 and a 200-day moving average of $72.82.

W. R. Berkley (NYSE:WRB) last posted its quarterly earnings data on Monday, July 22nd. The insurance provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.12. W. R. Berkley had a return on equity of 21.34% and a net margin of 12.05%. The company had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the prior year, the business earned $1.14 earnings per share. W. R. Berkley’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, equities analysts predict that W. R. Berkley Co. will post 4.03 EPS for the current year.

W. R. Berkley Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 23rd will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $0.32 annualized dividend and a dividend yield of 0.56%. W. R. Berkley’s dividend payout ratio is 8.51%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. TD Cowen assumed coverage on W. R. Berkley in a research note on Monday, July 1st. They issued a “buy” rating and a $103.00 price target on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $57.00 target price on shares of W. R. Berkley in a research note on Tuesday, July 23rd. Truist Financial lifted their target price on W. R. Berkley from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. StockNews.com cut W. R. Berkley from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, The Goldman Sachs Group cut W. R. Berkley from a “buy” rating to a “neutral” rating and lowered their target price for the company from $88.00 to $83.00 in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $77.70.

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.