2 weeks Ago By Defense World Staff
Brandes Investment Partners LP boosted its stake in W. R. Berkley Co.
( NYSE:WRB – Free Report ) by 18.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 699,387 shares of the insurance provider’s stock after purchasing an additional 109,864 shares during the quarter.
Brandes Investment Partners LP owned about 0.18% of W. R.
Berkley worth $54,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other hedge funds and other institutional investors have also bought and sold shares of the company. Sound Income Strategies LLC lifted its holdings in shares of W.
R. Berkley by 563.2% during the 1st quarter.
Sound Income Strategies LLC now owns 451 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 383 shares during the last quarter. Quarry LP purchased a new position in shares of W. R.
Berkley during the 2nd quarter valued at about $42,000. Intelligent Financial Strategies bought a new stake in W. R.
Berkley in the 1st quarter worth approximately $44,000. Kiely Wealth Advisory Group Inc. boosted its stake 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 worth $46,000 after buying an additional 193 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of W.
R. Berkley by 173.0% during the first quarter.
Covestor Ltd now owns 546 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 68.82% of the company’s stock.
Analyst Upgrades and Downgrades WRB has been the topic of several recent research reports. Barclays began coverage on shares of W. R.
Berkley in a report on Wednesday, September 4th. They set an “underweight” rating and a $56.00 target price on the stock.
Wells Fargo & Company reduced their price target on W. R. Berkley from $62.
00 to $59.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 23rd. The Goldman Sachs Group downgraded W.
R. Berkley from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $88.00 to $83.
00 in a research report on Thursday, June 13th. StockNews.com upgraded shares of W.
R. Berkley from a “hold” rating to a “buy” rating in a report on Wednesday, September 25th. Finally, TD Cowen assumed coverage on shares of W.
R. Berkley in a research report on Monday, July 1st. They set a “buy” rating and a $103.
00 price target for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $77.
70. W. R.
Berkley Stock Performance Shares of WRB stock opened at $56.51 on Monday. The company has a debt-to-equity ratio of 0.
36, a quick ratio of 0.38 and a current ratio of 0.38.
The company has a market capitalization of $21.67 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 1.
05 and a beta of 0.62. W.
R. Berkley Co. has a one year low of $41.
37 and a one year high of $61.28. The company’s 50-day moving average is $56.
99 and its 200 day moving average is $72.11. W.
R. Berkley ( NYSE:WRB – Get Free Report ) last announced its quarterly earnings results 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 net margin of 12.
05% and a return on equity of 21.34%. The company had revenue of $3.
31 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the firm earned $1.
14 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year.
Sell-side analysts expect that W. R. Berkley Co.
will post 4.03 EPS for the current fiscal year. W.
R. Berkley Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.
08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.
57%. The ex-dividend date is Monday, September 23rd. W.
R. Berkley’s payout ratio is currently 8.51%.
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. Read More Five stocks we like better than W. R.
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