GHP Investment Advisors Inc. Has $2.20 Million Position in W. R. Berkley Corp (WRB)

GHP Investment Advisors Inc. boosted its position in W. R. Berkley Corp (NYSE:WRB) by 3.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,714 shares of the insurance provider’s stock after purchasing an additional 929 shares during the quarter. GHP Investment Advisors Inc.’s holdings in W. R. Berkley were worth $2,201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Raymond James & Associates raised its stake in W. R. Berkley by 3.7% in the 4th quarter. Raymond James & Associates now owns 95,213 shares of the insurance provider’s stock valued at $6,822,000 after purchasing an additional 3,412 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of W. R. Berkley by 2.4% during the 4th quarter. California State Teachers Retirement System now owns 168,460 shares of the insurance provider’s stock valued at $12,070,000 after acquiring an additional 4,018 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new position in shares of W. R. Berkley during the 4th quarter valued at about $2,450,000. Guggenheim Capital LLC increased its stake in shares of W. R. Berkley by 15.0% during the 4th quarter. Guggenheim Capital LLC now owns 27,363 shares of the insurance provider’s stock valued at $1,961,000 after acquiring an additional 3,579 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of W. R. Berkley by 61.3% during the 4th quarter. Deutsche Bank AG now owns 229,554 shares of the insurance provider’s stock valued at $16,444,000 after acquiring an additional 87,211 shares during the last quarter. 72.02% of the stock is owned by hedge funds and other institutional investors.

W. R. Berkley Corp (NYSE WRB) opened at $72.08 on Wednesday. W. R. Berkley Corp has a one year low of $62.00 and a one year high of $74.43. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.46. The company has a market cap of $8,826.38, a PE ratio of 29.40, a PEG ratio of 2.25 and a beta of 0.87.

W. R. Berkley (NYSE:WRB) last issued its earnings results on Tuesday, January 30th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.03. W. R. Berkley had a return on equity of 5.89% and a net margin of 7.15%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.75 billion. sell-side analysts forecast that W. R. Berkley Corp will post 3.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Wednesday, March 14th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Tuesday, March 13th. W. R. Berkley’s payout ratio is currently 13.08%.

WRB has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of W. R. Berkley from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Wednesday, December 27th. Royal Bank of Canada reaffirmed a “hold” rating on shares of W. R. Berkley in a research note on Wednesday, January 31st. Boenning Scattergood reaffirmed a “hold” rating on shares of W. R. Berkley in a research note on Wednesday, January 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $69.00 price objective on shares of W. R. Berkley in a research note on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $70.38.

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W. R. Berkley Profile

W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.

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

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