Impact Capital Partners LLC Buys 420 Shares of W. R. Berkley Co. (NYSE:WRB)

Impact Capital Partners LLC raised its stake in shares of W. R. Berkley Co. (NYSE:WRB) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,772 shares of the insurance provider’s stock after buying an additional 420 shares during the period. Impact Capital Partners LLC’s holdings in W. R. Berkley were worth $1,051,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Optiver Holding B.V. raised its holdings in W. R. Berkley by 107.3% during the fourth quarter. Optiver Holding B.V. now owns 427 shares of the insurance provider’s stock valued at $25,000 after buying an additional 221 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of W. R. Berkley in the fourth quarter valued at about $35,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of W. R. Berkley in the fourth quarter valued at about $37,000. Catalyst Capital Advisors LLC acquired a new stake in shares of W. R. Berkley in the fourth quarter valued at about $42,000. Finally, Colonial Trust Co SC grew its position in shares of W. R. Berkley by 79.9% in the fourth quarter. Colonial Trust Co SC now owns 822 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 365 shares during the last quarter. 68.82% of the stock is currently owned by institutional investors.

W. R. Berkley Stock Up 0.5%

NYSE WRB opened at $74.23 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average is $71.08 and its two-hundred day moving average is $64.64. The company has a market capitalization of $28.16 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 1.56 and a beta of 0.44. W. R. Berkley Co. has a 1-year low of $51.17 and a 1-year high of $76.38.

W. R. Berkley (NYSE:WRB) last posted its 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). W. R. Berkley had a net margin of 12.88% and a return on equity of 20.83%. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.01 billion. Equities analysts forecast that W. R. Berkley Co. will post 4.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WRB. Barclays raised their price target on W. R. Berkley from $52.00 to $62.00 and gave the company an “underweight” rating in a research report on Friday, April 11th. Wall Street Zen downgraded W. R. Berkley from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Keefe, Bruyette & Woods lifted their target price on W. R. Berkley from $65.00 to $75.00 and gave the stock a “market perform” rating in a research report on Monday, May 19th. Jefferies Financial Group lifted their target price on W. R. Berkley from $57.00 to $66.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Finally, Truist Financial lifted their target price on W. R. Berkley from $68.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $70.64.

About W. R. Berkley

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.