W. R. Berkley Co. (NYSE:WRB) Shares Bought by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. raised its position in W. R. Berkley Co. (NYSE:WRB) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,547 shares of the insurance provider’s stock after acquiring an additional 4,690 shares during the quarter. W. R. Berkley makes up approximately 1.8% of Barlow Wealth Partners Inc.’s portfolio, making the stock its 27th biggest position. Barlow Wealth Partners Inc. owned 0.06% of W. R. Berkley worth $13,586,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Sage Capital Advisors llc boosted its stake in shares of W. R. Berkley by 50.0% in the 3rd quarter. Sage Capital Advisors llc now owns 7,500 shares of the insurance provider’s stock valued at $425,000 after buying an additional 2,500 shares during the period. Atomi Financial Group Inc. boosted its stake in shares of W. R. Berkley by 45.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 5,032 shares of the insurance provider’s stock valued at $285,000 after buying an additional 1,575 shares during the period. Tealwood Asset Management Inc. boosted its stake in shares of W. R. Berkley by 47.8% in the 3rd quarter. Tealwood Asset Management Inc. now owns 40,457 shares of the insurance provider’s stock valued at $2,295,000 after buying an additional 13,084 shares during the period. Mather Group LLC. lifted its stake in W. R. Berkley by 44.7% during the third quarter. Mather Group LLC. now owns 5,687 shares of the insurance provider’s stock worth $323,000 after purchasing an additional 1,756 shares during the last quarter. Finally, Everpar Advisors LLC lifted its stake in W. R. Berkley by 41.4% during the third quarter. Everpar Advisors LLC now owns 11,948 shares of the insurance provider’s stock worth $678,000 after purchasing an additional 3,496 shares during the last quarter. Hedge funds and other institutional investors own 68.82% of the company’s stock.

Analysts Set New Price Targets

WRB has been the subject of several recent analyst reports. Truist Financial boosted their target price on W. R. Berkley from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. TD Cowen initiated coverage on W. R. Berkley in a research note on Monday, July 1st. They set a “buy” rating and a $68.67 target price for the company. Wells Fargo & Company decreased their target price on W. R. Berkley from $62.00 to $59.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. The Goldman Sachs Group cut W. R. Berkley from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $58.67 to $55.33 in a research note on Thursday, June 13th. Finally, StockNews.com cut W. R. Berkley from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $59.67.

W. R. Berkley Stock Performance

Shares of NYSE:WRB traded up $0.46 during trading on Wednesday, reaching $57.93. The company had a trading volume of 45,386 shares, compared to its average volume of 1,759,181. The firm has a market capitalization of $22.22 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 1.05 and a beta of 0.62. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.38 and a quick ratio of 0.38. The stock’s fifty day moving average price is $57.57 and its 200 day moving average price is $55.47. W. R. Berkley Co. has a fifty-two week low of $41.82 and a fifty-two week high of $61.28.

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

W. R. Berkley Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Monday, September 23rd. W. R. Berkley’s payout ratio is currently 8.51%.

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.