W. R. Berkley Co. (NYSE:WRB) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its holdings in shares of W. R. Berkley Co. (NYSE:WRB) by 61.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 8,079 shares of the insurance provider’s stock after acquiring an additional 3,083 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in W. R. Berkley were worth $635,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of W. R. Berkley by 0.8% during the first quarter. Vanguard Group Inc. now owns 24,439,361 shares of the insurance provider’s stock valued at $2,161,417,000 after purchasing an additional 195,763 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of W. R. Berkley by 0.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,553,875 shares of the insurance provider’s stock worth $593,584,000 after buying an additional 54,530 shares in the last quarter. Northern Trust Corp lifted its stake in shares of W. R. Berkley by 2.0% in the 4th quarter. Northern Trust Corp now owns 2,041,442 shares of the insurance provider’s stock worth $144,371,000 after acquiring an additional 39,594 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of W. R. Berkley by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,037,599 shares of the insurance provider’s stock valued at $160,128,000 after acquiring an additional 139,588 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its stake in shares of W. R. Berkley by 1.4% during the second quarter. 1832 Asset Management L.P. now owns 1,929,931 shares of the insurance provider’s stock valued at $151,654,000 after acquiring an additional 26,464 shares during the period. Institutional investors own 68.82% of the company’s stock.

W. R. Berkley Stock Performance

Shares of WRB opened at $57.44 on Tuesday. W. R. Berkley Co. has a one year low of $41.37 and a one year high of $61.28. The company has a 50-day moving average of $56.82 and a two-hundred day moving average of $72.82. 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 has a market cap of $22.03 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 1.05 and a beta of 0.62.

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, topping the consensus estimate of $0.92 by $0.12. The firm had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $2.84 billion. W. R. Berkley had a net margin of 12.05% and a return on equity of 21.34%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 EPS. On average, equities research analysts expect that W. R. Berkley Co. will post 4.03 earnings per share 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. Investors of record on Monday, September 23rd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.56%. The ex-dividend date is Monday, September 23rd. W. R. Berkley’s dividend payout ratio is currently 8.51%.

Wall Street Analysts Forecast Growth

WRB has been the subject of a number of research analyst reports. StockNews.com downgraded W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Truist Financial upped their price objective on W. R. Berkley from $62.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group lowered W. R. Berkley from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $88.00 to $83.00 in a report on Thursday, June 13th. Barclays started coverage on shares of W. R. Berkley in a report on Wednesday, September 4th. They issued an “underweight” rating and a $56.00 price target for the company. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $57.00 price objective on shares of W. R. Berkley in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $77.70.

About W. R. Berkley

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.