Federated Investors Inc. PA trimmed its position in W. R. Berkley Corp (NYSE:WRB) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,090 shares of the insurance provider’s stock after selling 2,756 shares during the period. Federated Investors Inc. PA’s holdings in W. R. Berkley were worth $2,686,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of WRB. Janus Henderson Group PLC grew its position in W. R. Berkley by 182.1% in the 2nd quarter. Janus Henderson Group PLC now owns 3,349,020 shares of the insurance provider’s stock valued at $242,502,000 after buying an additional 2,162,031 shares during the last quarter. Scout Investments Inc. purchased a new stake in shares of W. R. Berkley during the 1st quarter worth $17,333,000. Atlanta Capital Management Co. L L C boosted its position in shares of W. R. Berkley by 4.7% during the 1st quarter. Atlanta Capital Management Co. L L C now owns 4,936,221 shares of the insurance provider’s stock worth $358,863,000 after purchasing an additional 221,277 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of W. R. Berkley by 11.8% during the 1st quarter. JPMorgan Chase & Co. now owns 2,020,566 shares of the insurance provider’s stock worth $146,896,000 after purchasing an additional 212,621 shares in the last quarter. Finally, Fiduciary Management Inc. WI boosted its position in shares of W. R. Berkley by 20.9% during the 1st quarter. Fiduciary Management Inc. WI now owns 1,196,874 shares of the insurance provider’s stock worth $87,013,000 after purchasing an additional 207,239 shares in the last quarter. Hedge funds and other institutional investors own 72.62% of the company’s stock.
Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of W. R. Berkley from a “hold” rating to a “sell” rating in a research report on Saturday, June 30th. Goldman Sachs Group assumed coverage on shares of W. R. Berkley in a research report on Monday, June 18th. They set a “sell” rating and a $74.00 target price on the stock. They noted that the move was a valuation call. ValuEngine lowered shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Monday, June 18th. Bank of America lowered shares of W. R. Berkley from a “neutral” rating to an “underperform” rating and set a $74.00 target price on the stock. in a research report on Thursday, June 14th. They noted that the move was a valuation call. Finally, Boenning Scattergood restated a “hold” rating on shares of W. R. Berkley in a research report on Wednesday, July 25th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. W. R. Berkley presently has an average rating of “Hold” and a consensus price target of $72.29.
Shares of NYSE WRB opened at $80.43 on Friday. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 32.70, a P/E/G ratio of 2.35 and a beta of 0.83. W. R. Berkley Corp has a one year low of $64.91 and a one year high of $80.68. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.37 and a current ratio of 0.37.
W. R. Berkley (NYSE:WRB) last released its quarterly earnings results on Tuesday, July 24th. The insurance provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.15. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. W. R. Berkley had a return on equity of 7.25% and a net margin of 8.54%. The business’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 EPS. analysts forecast that W. R. Berkley Corp will post 3.71 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 3rd. Stockholders of record on Wednesday, September 19th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, September 18th. W. R. Berkley’s dividend payout ratio (DPR) is presently 24.39%.
W. R. Berkley Profile
W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.
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