Keel Point LLC Purchases Shares of 3,517 W. R. Berkley Co. (NYSE:WRB)

Keel Point LLC acquired a new position in W. R. Berkley Co. (NYSE:WRB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,517 shares of the insurance provider’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Optiver Holding B.V. lifted its position in W. R. Berkley by 107.3% in the fourth quarter. Optiver Holding B.V. now owns 427 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 221 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in W. R. Berkley during the 4th quarter valued at $35,000. Catalyst Capital Advisors LLC bought a new stake in W. R. Berkley in the 4th quarter worth $42,000. Crowley Wealth Management Inc. purchased a new position in shares of W. R. Berkley in the fourth quarter valued at about $59,000. Finally, Tortoise Investment Management LLC raised its stake in shares of W. R. Berkley by 69.9% during the fourth quarter. Tortoise Investment Management LLC now owns 1,313 shares of the insurance provider’s stock valued at $77,000 after acquiring an additional 540 shares during the last quarter. Institutional investors own 68.82% of the company’s stock.

W. R. Berkley Stock Up 2.0 %

WRB stock opened at $72.60 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $66.50 and a 200 day moving average of $62.27. W. R. Berkley Co. has a twelve month low of $51.17 and a twelve month high of $76.38. The firm has a market cap of $27.54 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 1.56 and a beta of 0.44.

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

W. R. Berkley Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were given a $0.08 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 0.44%. W. R. Berkley’s dividend payout ratio (DPR) is presently 7.42%.

Analyst Ratings Changes

WRB has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price target on W. R. Berkley from $57.00 to $66.00 and gave the company a “hold” rating in a report on Friday, April 11th. Truist Financial upped their target price on W. R. Berkley from $68.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, April 3rd. Wells Fargo & Company lifted their price target on shares of W. R. Berkley from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, April 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $63.00 target price on shares of W. R. Berkley in a research report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of 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 equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $68.39.

W. R. Berkley 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.