Teza Capital Management LLC acquired a new position in shares of W.R. Berkley Corporation (NYSE:WRB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,029 shares of the company’s stock, valued at approximately $268,000.
A number of other large investors also recently added to or reduced their stakes in WRB. Dynamic Capital Management Ltd acquired a new stake in shares of W.R. Berkley Corporation during the third quarter valued at about $2,185,000. Amalgamated Bank increased its stake in shares of W.R. Berkley Corporation by 11.0% in the second quarter. Amalgamated Bank now owns 13,054 shares of the company’s stock valued at $761,000 after buying an additional 1,291 shares during the period. Legal & General Group Plc increased its stake in shares of W.R. Berkley Corporation by 0.8% in the second quarter. Legal & General Group Plc now owns 558,443 shares of the company’s stock valued at $33,429,000 after buying an additional 4,198 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of W.R. Berkley Corporation by 3.6% in the second quarter. Metropolitan Life Insurance Co. NY now owns 92,067 shares of the company’s stock valued at $5,517,000 after buying an additional 3,211 shares during the period. Finally, FDx Advisors Inc. acquired a new stake in shares of W.R. Berkley Corporation during the second quarter valued at about $510,000. Institutional investors and hedge funds own 71.79% of the company’s stock.
Shares of W.R. Berkley Corporation (NYSE:WRB) traded up 0.67% on Tuesday, reaching $69.08. The company had a trading volume of 155,741 shares. The stock has a 50-day moving average price of $67.29 and a 200-day moving average price of $61.23. The stock has a market cap of $8.37 billion, a PE ratio of 14.76 and a beta of 0.73. W.R. Berkley Corporation has a 12 month low of $50.67 and a 12 month high of $69.19.
W.R. Berkley Corporation (NYSE:WRB) last posted its earnings results on Tuesday, January 31st. The company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.04. The company earned $1.97 billion during the quarter, compared to analyst estimates of $1.89 billion. W.R. Berkley Corporation had a net margin of 7.86% and a return on equity of 8.93%. W.R. Berkley Corporation’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. Analysts predict that W.R. Berkley Corporation will post $3.40 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Shareholders of record on Wednesday, March 15th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, March 13th. This represents a $0.52 annualized dividend and a yield of 0.76%. W.R. Berkley Corporation’s dividend payout ratio (DPR) is presently 11.06%.
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Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded W.R. Berkley Corporation from a “buy” rating to a “hold” rating in a report on Friday, February 3rd. Macquarie upgraded W.R. Berkley Corporation from an “underperform” rating to an “outperform” rating in a report on Tuesday, January 17th. Langen Mcalenn restated a “neutral” rating on shares of W.R. Berkley Corporation in a report on Tuesday, January 31st. Goldman Sachs Group, Inc. (The) downgraded W.R. Berkley Corporation from a “buy” rating to a “neutral” rating and set a $60.00 price target for the company. in a report on Tuesday, November 15th. Finally, Deutsche Bank AG upped their price objective on W.R. Berkley Corporation from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $61.17.
W.R. Berkley Corporation Company Profile
W. R. Berkley Corporation is an insurance holding company. The Company operates in the three segments of the property casualty insurance business: Insurance-Domestic, Insurance-International and Reinsurance-Global. Its Insurance-Domestic segment includes commercial insurance business, including excess and surplus lines and admitted lines, primarily throughout the United States.
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