Focus Partners Advisor Solutions LLC Buys 245 Shares of W.R. Berkley Corporation $WRB

Focus Partners Advisor Solutions LLC raised its stake in W.R. Berkley Corporation (NYSE:WRB) by 1.3% in the second quarter, Holdings Channel reports. The firm owned 19,569 shares of the insurance provider’s stock after acquiring an additional 245 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in W.R. Berkley were worth $1,438,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Czech National Bank grew its stake in W.R. Berkley by 6.3% in the second quarter. Czech National Bank now owns 73,255 shares of the insurance provider’s stock valued at $5,382,000 after purchasing an additional 4,336 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in shares of W.R. Berkley by 70.8% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 17,197 shares of the insurance provider’s stock worth $1,224,000 after acquiring an additional 7,131 shares during the last quarter. Gallacher Capital Management LLC bought a new stake in W.R. Berkley in the 2nd quarter valued at $323,000. Sciencast Management LP acquired a new stake in W.R. Berkley during the 1st quarter valued at $3,493,000. Finally, Strs Ohio bought a new position in W.R. Berkley during the first quarter worth $2,386,000. 68.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WRB has been the subject of a number of research analyst reports. Barclays reaffirmed an “underweight” rating and set a $73.00 price objective on shares of W.R. Berkley in a research report on Wednesday, October 8th. Jefferies Financial Group reduced their price objective on shares of W.R. Berkley from $76.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday, October 21st. Truist Financial set a $84.00 price objective on shares of W.R. Berkley and gave the stock a “buy” rating in a research report on Tuesday, October 21st. UBS Group set a $87.00 price objective on shares of W.R. Berkley and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of W.R. Berkley in a research note on Tuesday, October 21st. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, W.R. Berkley presently has a consensus rating of “Hold” and an average target price of $74.77.

W.R. Berkley Stock Performance

WRB opened at $75.01 on Monday. The business has a fifty day simple moving average of $74.02 and a 200 day simple moving average of $72.19. The company has a market capitalization of $28.45 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 2.88 and a beta of 0.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.37 and a quick ratio of 0.37. W.R. Berkley Corporation has a 1 year low of $55.97 and a 1 year high of $78.48.

W.R. Berkley (NYSE:WRB) last released its earnings results on Monday, October 20th. The insurance provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.03. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.16 billion. W.R. Berkley had a return on equity of 19.35% and a net margin of 13.01%.The company’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. Research analysts expect that W.R. Berkley Corporation 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 Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, September 22nd. W.R. Berkley’s dividend payout ratio is presently 7.56%.

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.