American Trust lowered its holdings in W. R. Berkley Co. (NYSE:WRB – Free Report) by 24.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,329 shares of the insurance provider’s stock after selling 1,411 shares during the period. American Trust’s holdings in W. R. Berkley were worth $270,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Personalized Indexing Management LLC boosted its position in W. R. Berkley by 1.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 15,898 shares of the insurance provider’s stock worth $1,154,000 after purchasing an additional 160 shares during the last quarter. UMB Bank n.a. boosted its position in W. R. Berkley by 2.1% in the first quarter. UMB Bank n.a. now owns 7,778 shares of the insurance provider’s stock worth $484,000 after purchasing an additional 161 shares during the last quarter. First Manhattan Co. boosted its position in W. R. Berkley by 50.0% in the first quarter. First Manhattan Co. now owns 486 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 162 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its position in W. R. Berkley by 2.3% in the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,320 shares of the insurance provider’s stock worth $473,000 after purchasing an additional 162 shares during the last quarter. Finally, Ellevest Inc. raised its stake in shares of W. R. Berkley by 26.3% in the first quarter. Ellevest Inc. now owns 851 shares of the insurance provider’s stock valued at $53,000 after buying an additional 177 shares during the period. Hedge funds and other institutional investors own 66.34% of the company’s stock.
W. R. Berkley Stock Performance
NYSE:WRB opened at $64.09 on Friday. The business’s 50-day moving average price is $61.80 and its two-hundred day moving average price is $60.66. W. R. Berkley Co. has a twelve month low of $55.50 and a twelve month high of $76.99. The stock has a market cap of $16.50 billion, a P/E ratio of 14.09, a PEG ratio of 1.55 and a beta of 0.63. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.41.
W. R. Berkley Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Monday, September 25th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $0.44 annualized dividend and a dividend yield of 0.69%. W. R. Berkley’s dividend payout ratio (DPR) is presently 9.67%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on WRB. Wells Fargo & Company lowered their target price on W. R. Berkley from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, July 21st. StockNews.com began coverage on W. R. Berkley in a research note on Thursday, August 17th. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, W. R. Berkley currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.
W. R. Berkley Company Profile
W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and general and professional liability lines.
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