3 days Ago By ABMN Staff
State of New Jersey Common Pension Fund D decreased its position in W. R. Berkley Co.
( NYSE:WRB – Free Report ) by 32.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,281 shares of the insurance provider’s stock after selling 34,605 shares during the quarter.
State of New Jersey Common Pension Fund D’s holdings in W. R. Berkley were worth $5,680,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of W.
R. Berkley by 0.8% in the 1st quarter.
Vanguard Group Inc. now owns 24,439,361 shares of the insurance provider’s stock valued at $2,161,417,000 after buying an additional 195,763 shares in the last quarter. Norges Bank bought a new position in shares of W.
R. Berkley during the 4th quarter worth about $213,635,000. Northern Trust Corp raised its position in shares of W.
R. Berkley by 2.0% during the fourth quarter.
Northern Trust Corp now owns 2,041,442 shares of the insurance provider’s stock valued at $144,371,000 after buying an additional 39,594 shares during the last quarter. Dimensional Fund Advisors LP grew its position in W. R.
Berkley by 7.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,933,712 shares of the insurance provider’s stock worth $136,749,000 after buying an additional 138,276 shares in the last quarter.
Finally, The Manufacturers Life Insurance Company increased its stake in W. R. Berkley by 89.
2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,904,555 shares of the insurance provider’s stock valued at $134,690,000 after acquiring an additional 898,027 shares during the period. Institutional investors own 68.
82% of the company’s stock. W. R.
Berkley Stock Performance W. R. Berkley stock opened at $58.
34 on Monday. 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 fifty day moving average price of $57.
31 and a two-hundred day moving average price of $55.38. W.
R. Berkley Co. has a 52-week low of $41.
37 and a 52-week high of $61.28. The firm has a market capitalization of $22.
20 billion, a P/E ratio of 15.52, a P/E/G ratio of 1.05 and a beta of 0.
62. W. R.
Berkley Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 23rd will be paid a dividend of $0.08 per share.
The ex-dividend date of this dividend is Monday, September 23rd. This represents a $0.32 annualized dividend and a yield of 0.
55%. W. R.
Berkley’s dividend payout ratio is currently 8.51%. Wall Street Analysts Forecast Growth A number of brokerages have commented on WRB.
The Goldman Sachs Group downgraded W. R. Berkley from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $58.
67 to $55.33 in a research report on Thursday, June 13th. Wells Fargo & Company cut 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. StockNews.com lowered W.
R. Berkley from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Barclays started coverage on W.
R. Berkley in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $56.
00 target price for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $57.00 target price 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 assigned a hold rating and four have given a buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $59.67.
Get Our Latest Stock Analysis on W. R. Berkley 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.
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