Segall Bryant & Hamill LLC Makes New $692,000 Investment in W.R. Berkley Corporation $WRB

Segall Bryant & Hamill LLC acquired a new stake in W.R. Berkley Corporation (NYSE:WRBFree Report) in the first quarter, HoldingsChannel.com reports. The firm acquired 10,197 shares of the insurance provider’s stock, valued at approximately $692,000.

Several other large investors have also recently added to or reduced their stakes in WRB. Stoneridge Investment Partners LLC bought a new stake in W.R. Berkley during the fourth quarter valued at about $2,801,000. PFA Pension Forsikringsaktieselskab bought a new position in shares of W.R. Berkley in the fourth quarter worth about $65,233,000. Generali Asset Management SPA SGR acquired a new position in shares of W.R. Berkley during the 4th quarter worth about $1,630,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in W.R. Berkley by 6.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 634,244 shares of the insurance provider’s stock valued at $43,991,000 after purchasing an additional 41,125 shares during the period. Finally, Cornerstone Investment Partners LLC grew its holdings in W.R. Berkley by 13.9% in the 4th quarter. Cornerstone Investment Partners LLC now owns 1,099,746 shares of the insurance provider’s stock valued at $77,114,000 after buying an additional 133,804 shares during the last quarter. 68.82% of the stock is currently owned by hedge funds and other institutional investors.

W.R. Berkley Stock Performance

Shares of NYSE:WRB opened at $72.08 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.37 and a quick ratio of 0.36. The business’s fifty day moving average price is $70.17 and its two-hundred day moving average price is $68.70. W.R. Berkley Corporation has a fifty-two week low of $62.87 and a fifty-two week high of $78.96. The stock has a market capitalization of $26.76 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 3.29 and a beta of 0.29.

W.R. Berkley (NYSE:WRBGet Free Report) last posted its quarterly earnings data on Monday, July 20th. The insurance provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.19. W.R. Berkley had a net margin of 12.94% and a return on equity of 19.44%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the business posted $1.05 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. As a group, analysts predict that W.R. Berkley Corporation will post 4.79 EPS for the current fiscal year.

W.R. Berkley Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. This is a boost from W.R. Berkley’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Tuesday, June 23rd. W.R. Berkley’s payout ratio is currently 8.21%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WRB. Wells Fargo & Company restated an “underweight” rating and issued a $68.00 price objective (up from $67.00) on shares of W.R. Berkley in a research note on Tuesday, July 21st. Barclays reiterated an “underweight” rating and set a $62.00 target price (down from $64.00) on shares of W.R. Berkley in a research note on Friday, June 12th. Truist Financial raised their price target on shares of W.R. Berkley from $78.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Wall Street Zen upgraded shares of W.R. Berkley from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Argus lowered shares of W.R. Berkley from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, W.R. Berkley has a consensus rating of “Reduce” and a consensus price target of $70.94.

Read Our Latest Analysis on W.R. Berkley

W.R. Berkley Company Profile

(Free Report)

W. R. Berkley Corporation (NYSE: WRB) is a publicly traded insurance holding company that underwrites and sells commercial property and casualty insurance, specialty insurance products, and reinsurance. Headquartered in Greenwich, Connecticut, the company operates a portfolio of underwriting businesses that focus on niche and specialty commercial risks, offering coverage tailored to industries such as transportation, construction, professional services and other commercial lines.

The company’s product mix includes primary and excess casualty, property, professional liability, environmental and other specialty lines, together with treaty and facultative reinsurance solutions.

See Also

Want to see what other hedge funds are holding WRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.R. Berkley Corporation (NYSE:WRBFree Report).

Institutional Ownership by Quarter for W.R. Berkley (NYSE:WRB)

Receive News & Ratings for W.R. Berkley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.R. Berkley and related companies with MarketBeat.com's FREE daily email newsletter.