12,268 Shares in W. R. Berkley Co. (NYSE:WRB) Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG purchased a new stake in shares of W. R. Berkley Co. (NYSE:WRB) during the fourth quarter, Holdings Channel.com reports. The firm purchased 12,268 shares of the insurance provider’s stock, valued at approximately $718,000.

Several other large investors have also recently made changes to their positions in WRB. ProShare Advisors LLC boosted its stake in shares of W. R. Berkley by 7.9% in the 4th quarter. ProShare Advisors LLC now owns 75,633 shares of the insurance provider’s stock valued at $4,426,000 after purchasing an additional 5,514 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of W. R. Berkley by 152.7% during the fourth quarter. Quantinno Capital Management LP now owns 79,614 shares of the insurance provider’s stock valued at $4,659,000 after buying an additional 48,104 shares during the last quarter. Mufg Securities Americas Inc. purchased a new position in shares of W. R. Berkley in the fourth quarter worth about $260,000. Nomura Holdings Inc. bought a new stake in shares of W. R. Berkley in the 4th quarter valued at about $580,000. Finally, NorthRock Partners LLC purchased a new stake in W. R. Berkley during the 4th quarter valued at about $257,000. 68.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on WRB shares. Jefferies Financial Group lifted their price target on W. R. Berkley from $57.00 to $66.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Wells Fargo & Company upped their price target on shares of W. R. Berkley from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, April 22nd. Barclays raised their price target on shares of W. R. Berkley from $52.00 to $62.00 and gave the stock an “underweight” rating in a report on Friday, April 11th. StockNews.com raised shares of W. R. Berkley from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Truist Financial raised their target price on W. R. Berkley from $68.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, W. R. Berkley currently has a consensus rating of “Hold” and an average target price of $68.39.

W. R. Berkley Stock Up 0.8%

Shares of NYSE:WRB opened at $73.29 on Friday. The firm has a market capitalization of $27.80 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.56 and a beta of 0.44. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a 50 day moving average price of $68.49 and a 200-day moving average price of $63.15. W. R. Berkley Co. has a 52-week low of $51.17 and a 52-week high of $76.38.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings results on Monday, April 21st. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.07). The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.01 billion. W. R. Berkley had a return on equity of 20.83% and a net margin of 12.88%. As a group, equities research analysts anticipate that W. R. Berkley Co. will post 4.33 EPS for the current fiscal year.

W. R. Berkley Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.44%. W. R. Berkley’s dividend payout ratio is currently 7.42%.

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.