Allspring Global Investments Holdings LLC Grows Stock Position in W. R. Berkley Co. (NYSE:WRB)

Allspring Global Investments Holdings LLC boosted its position in shares of W. R. Berkley Co. (NYSE:WRB) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,810 shares of the insurance provider’s stock after buying an additional 2,394 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in W. R. Berkley were worth $6,312,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Wedmont Private Capital boosted its stake in shares of W. R. Berkley by 2.3% during the 4th quarter. Wedmont Private Capital now owns 8,038 shares of the insurance provider’s stock worth $456,000 after purchasing an additional 181 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of W. R. Berkley by 1.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 15,632 shares of the insurance provider’s stock valued at $915,000 after buying an additional 235 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of W. R. Berkley by 1.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,631 shares of the insurance provider’s stock worth $773,000 after buying an additional 242 shares during the period. PFS Partners LLC lifted its stake in shares of W. R. Berkley by 51.1% during the 3rd quarter. PFS Partners LLC now owns 719 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 243 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its holdings in W. R. Berkley by 45.6% during the 3rd quarter. Raleigh Capital Management Inc. now owns 843 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 264 shares during the period. Institutional investors own 68.82% of the company’s stock.

W. R. Berkley Stock Up 0.6 %

W. R. Berkley stock opened at $60.89 on Thursday. W. R. Berkley Co. has a twelve month low of $50.73 and a twelve month high of $65.49. The business has a fifty day moving average of $59.22 and a two-hundred day moving average of $59.17. The firm has a market cap of $23.20 billion, a P/E ratio of 13.95, a P/E/G ratio of 1.56 and a beta of 0.67. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings data on Monday, January 27th. The insurance provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.18. W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. On average, analysts forecast that W. R. Berkley Co. will post 4.33 earnings per share for the current fiscal year.

W. R. Berkley Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, December 16th. W. R. Berkley’s payout ratio is currently 7.33%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. StockNews.com upgraded W. R. Berkley from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods raised their price target on shares of W. R. Berkley from $60.00 to $61.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 28th. Wells Fargo & Company boosted their price objective on shares of W. R. Berkley from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $63.00 target price on shares of W. R. Berkley in a research report on Tuesday, January 28th. Finally, The Goldman Sachs Group upgraded W. R. Berkley from a “neutral” rating to a “buy” rating and set a $69.00 price target for the company in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $64.36.

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.