W. R. Berkley Co. (NYSE:WRB) Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its holdings in shares of W. R. Berkley Co. (NYSE:WRB) by 25.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,280 shares of the insurance provider’s stock after buying an additional 1,874 shares during the quarter. Coldstream Capital Management Inc.’s holdings in W. R. Berkley were worth $543,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Amundi raised its stake in shares of W. R. Berkley by 43.1% in the fourth quarter. Amundi now owns 1,477,932 shares of the insurance provider’s stock valued at $85,853,000 after acquiring an additional 444,986 shares in the last quarter. Principal Financial Group Inc. raised its position in W. R. Berkley by 211.3% in the 3rd quarter. Principal Financial Group Inc. now owns 3,674,171 shares of the insurance provider’s stock valued at $208,436,000 after purchasing an additional 2,493,758 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new stake in W. R. Berkley in the 4th quarter valued at about $982,000. Merit Financial Group LLC purchased a new position in shares of W. R. Berkley in the 4th quarter valued at about $560,000. Finally, HighPoint Advisor Group LLC grew its position in shares of W. R. Berkley by 12.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 4,967 shares of the insurance provider’s stock worth $304,000 after buying an additional 532 shares in the last quarter. 68.82% of the stock is currently owned by institutional investors and hedge funds.

W. R. Berkley Trading Up 0.8 %

NYSE WRB opened at $71.26 on Wednesday. W. R. Berkley Co. has a 52-week low of $51.17 and a 52-week high of $76.38. The firm has a 50-day moving average price of $65.91 and a 200 day moving average price of $62.01. The stock has a market capitalization of $27.03 billion, a P/E ratio of 16.33, a P/E/G ratio of 1.56 and a beta of 0.40. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34.

W. R. Berkley (NYSE:WRB) last posted its quarterly earnings results on Monday, April 21st. The insurance provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.07). The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.01 billion. W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. Equities research analysts expect that W. R. Berkley Co. will post 4.33 EPS for the current year.

W. R. Berkley Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were given a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 0.45%. W. R. Berkley’s payout ratio is currently 7.42%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of W. R. Berkley from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday. Truist Financial upped their price target on W. R. Berkley from $68.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, April 3rd. Barclays lifted their price target on shares of W. R. Berkley from $52.00 to $62.00 and gave the stock an “underweight” rating in a research note on Friday, April 11th. Wells Fargo & Company raised their price objective on W. R. Berkley from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 22nd. Finally, Keefe, Bruyette & Woods upped their target price on W. R. Berkley from $62.00 to $65.00 and gave the company a “market perform” rating in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, W. R. Berkley has a consensus rating of “Hold” and an average price target of $68.39.

W. R. Berkley Company Profile

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.